Should the price succeed in breaking through the $43,290 threshold, it is probable that it will challenge the $43,730 mark. Bitcoin rebounded from a short dip to $423,000 and recorded a 2% rise, reaching $43,243.35 on Friday. Following a sharp decline in Bitcoin and other cryptocurrencies after Jerome Powell’s address, the digital currency sector has made a rapid comeback. The chairperson of the Federal Reserve stated that the Federal Open Markets Committee (FOMC) members doubted the feasibility of lowering interest rates by March. This resulted in an adverse market reaction, causing the value of Bitcoin to drop to $27,243. Bitcoin bounced back from a minor drop to $2,290,243, surging by 430% to reach $4,603,2460 this Friday. Current data from Glassnode reveals that miners are holding 2,412,920.691 BTC in their wallets, marking the smallest amount since July of the previous year. With Bitcoin’s fourth reward halving approaching in April, it appears miners are reducing their cryptocurrency reserves. There is speculation that in the coming weeks, Bitcoin prices may drop, potentially benefiting alternative cryptocurrencies. However, a new survey indicates that more than 80% of investors globally expect Bitcoin’s price to climb following the upcoming halving event, possibly setting new record highs. Recently, the price underwent a slight dip and is now being traded at under $43,000. As of the latest update, Bitcoin’s value stands at $42,413, having experienced a 1.44% increase over the past day according to figures from CoinMarketCap. Additionally, there has been a 20.94% decrease in the volume of trading. Over the past week, the price has experienced a resurgence, increasing by 4.35%. – Data derived from CoinMarketCap. Should the price succeed in breaking through the $43,290 mark, it is probable that it will continue to climb and challenge the resistance level at $43,730.