Will Bitcoin (BTC) break the $70,000 level? Here's the Expert Opinion on BTC!

Bitcoin regained the $70,000 level today and rose to $70,230.
However, this level is a point that the bulls face as a formidable resistance.
Bitcoin's price fluctuations, along with an increase in the extreme greed index, indicate the expectation of a correction in the market.
Bitcoin (BTC), the top cryptocurrency by market cap, managed to reclaim the $70,000 level earlier today and rose as high as $70,230. There has been speculation for the past years that the halving event, which is scheduled to take place in April, could accelerate the bullish momentum in the leading cryptocurrency. So, will the halving event that investors are looking forward to live up to expectations in Bitcoin?
It has increased by 2.4% in the last 24 hours, trading just below the level indicated in the current position. However, it may be worth noting that $70,000 is a tough resistance level that the bulls have failed to break repeatedly. The cryptocurrency is trading at $69,704 after losing some gains. In Bitcoin, TD Sequential, a strong technical indicator, indicated a sell signal on the four-hour chart at the current position. The analyst predicted "one to four candlestick corrections" for the leading cryptocurrency.
Bitcoin's failure to break above the $70,000 level on April 1 led to a sharp correction at the $65,000 level recently. However, Bitcoin has managed to recover from this decline relatively quickly. Extreme greed According to the Fear & Greed Index, which measures Bitcoin sentiment on a daily basis, the largest cryptocurrency has once again succumbed to "extreme greed."
According to experts, this could signal a price "bubble" in the market after a short-term correction. The latest attempt by cryptocurrency bulls to break the $70,000 resistance level comes ahead of the much-anticipated halving event. There are only 11 days left until the expected event on the leading cryptocurrency, and many are expecting the market to get even more excited due to the increased attention of the mainstream media.

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