Bitcoin Price Shows Resilience Above $50K; Traders Optimistic Despite Potential for Volatility

• Bitcoin unlikely to fall back to $50K price level due to higher support levels and lack of volatility in derivatives markets

• If Bitcoin hits $70K-$75K range again, could force liquidations of $174M-$272M in short positions

• Bitcoin last dipped below $50K on Feb. 13, hitting $49,725 after reaching $50K on Feb. 12

• BlackRock updating Bitcoin ETF prospectus on April 5 seen as positive sign, added major Wall Street firms as participants

• Some traders speculate Bitcoin price could reach $434K by 2028 halving, continues to show bullish signs in current cycle