Bitcoin (BTC) reached new heights in April at the Wall Street Open on April 2 while the markets were preparing for us “Day of Liberation”.
BTC / USD 1 hour. Source: Cointelegraph / TradingView
Bitcoin teases an escape in the American pricing count
Cointelegraph Markets Pro and TradingView data have shown local summits of $ 86,444 on Bitstamp, the best performance for BTC / USD since March 28.
Volatility has remained as US President Donald Trump announcing a sweeping of reciprocal trade rates.
The measures would be revealed in an address of the Garden Roser of the White House at 4 p.m., the time, Trump, then holding a press conference.
While American actions have been slightly exchanged after open, Bitcoin managed to recover the lost ground, acting in a key area of interest filled with long -term trend lines.
As Cointelegraph has reported, these are various mediums of simple (SMA) and exponential (EMA) moves, including 200 -day SMA – a classic Haussier market support currently lost.
BTC / USD 1 day with 200 SMA. Source: Cointelegraph / TradingView
In his latest observations, the merchant and popular analyst Rekt Capital made an additional reference to the EMA of 21 weeks and 50 weeks.
“The consolidation between the two EMAs of the Haussier market continues. However, the 21-week EMA (green) represents lower prices as it decreases,” he wrote in an article on X alongside an illustrative graph.
“This week, the Green EMA represents $ 8,7650. The decreasing nature of this EMA will facilitate the rupture of $ BTC. ”
BTC / USD 1 week with 21, 50 EMA. Source: Rekt Capital / X
Rekt Capital reported more upper news in the making, thanks to the BTC / USD, trying to get out of a prolonged downward trend on daily deadlines.
He confirmed:
“Bitcoin is a daily candle nearby and the retest of the downward trend of the gap in a new technical trend.”
BTC / USD 1 day. Source: Rekt Capital / X
Last month, the daily metric of the relative force of Bitcoin (RSI) freed itself from its own downward trend since November 2024.
The analysis prevents $ 76,000 The BTC price can return
Continuing on the macro image, however, the commercial company QCP Capital was not inspired.
In relation: Bitcoin sales at $ 109,000 high at all times “lower blowing” – Glassnode
Assets at risk, Telegram Channel subscribers on the day told the day, were likely to “stay under pressure” after the prices were announced.
“In crypto, the feeling remains largely moderate. BTC continues to negotiate without conviction, while ETH holds the line at $ 1,800.
“Without a change of material in the macro or a convincing catalyst, we do not expect a significant reversal. Although the positioning of light can support a higher mill, we do not pursue any upward movement until the wider macro image does not improve.”
The previous price moves in the first quarter almost unanimously delivered downward price reactions from the BTC.
Other participants in the industry were more optimistic, in particular the Swissblock asset management company, which argued that “no sign of an imminent collapse” occurred on Bitcoin.
“$ BTC will he hold a hedge or will it follow Tradfi in a step back?” He questioned in a thread X on March 31, describing the action of BTC prices as “at the crossroads”.
Bitcoin Price Momentum that. Source: Swissblock / X
SwissBlock saw the potential for a return to $ 76,000 lower multimonthe in the event of a negative reaction – a drop of 11% compared to current levels.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
