Resolution Criteria

This market resolves to YES if the price of Bitcoin (BTC) reaches or exceeds $95,000 USD on any major cryptocurrency exchange before 11:59 PM UTC on April 30, 2024. Otherwise, it resolves to NO.

Background

Bitcoin has been experiencing significant price movements in 2024. After reaching its previous all-time high of approximately $69,000 in November 2021, Bitcoin surpassed this milestone in March 2024. As of early April 2024, Bitcoin's price is around $87,460.

Key factors potentially influencing Bitcoin's price in April include:

• Increased institutional adoption and investment

• Recent approval and launch of spot Bitcoin ETFs in the US

• The Bitcoin halving event expected in April 2024

• Macroeconomic conditions and Federal Reserve policies

• Whale activity showing potential for continued bullish momentum

Considerations

For Bitcoin to reach $95,000, it would need to increase approximately 9% from its current price level. Technical analysts have identified $95,200 as a significant resistance level that Bitcoin would need to break through. The cryptocurrency's 50-day moving average is around $89,805, while the 200-day moving average is approximately $84,538, providing key support levels.