Bitcoin In Peril? Expert Warns Of China’s Alleged Scheme To Crash BTC To $40,000
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As Bitcoin (BTC) attempts to stabilize above the crucial $80,000 support level, a new warning from market analyst Leviathan has raised concerns about an alleged strategy by China that could significantly impact the leading cryptocurrency. China’s ‘Secret’ Bitcoin Strategy In a recent post on X (formerly Twitter), Leviathan claimed that China plans to sell off its Bitcoin holdings, potentially driving the price down to $40,000. According to the analyst, this move is just the beginning of a broader scheme. Despite the Chinese government’s public stance against cryptocurrency trading, local authorities have found a workaround, he alleges. The expert asserts that they have been quietly cashing in on confiscated Bitcoin, which has led to an “underground fiscal strategy” that operates in “legal ambiguity.” Related Reading Currently, Chinese authorities are reported to hold approximately 194,000 BTC, making them the second-largest government holder of Bitcoin, just behind the United States. Leviathan highlights that while the Chinese government publicly denounces cryptocurrency, it simultaneously benefits financially from its underground sales. Local governments are reportedly improvising their strategies, with some engaging private tech firms to liquidate the confiscated Bitcoin on offshore exchanges. Others, allegedly maintain a more “clandestine approach.” The expert provides an example of a relatively unknown company in Shenzhen, Jiafenxiang, that has allegedly facilitated over $400 million in crypto sales on behalf of various city governments, converting the proceeds into yuan and transferring the funds back to local finance departments. Hong Kong Emerges As Potential Haven For China’s Confiscated BTC In 2023, China witnessed a record surge in crypto-related crimes, with over $59 billion tied to illegal activities and more than 3,000 money laundering cases prosecuted. Amidst this backdrop, local governments are increasingly reliant on the revenue generated from fines and confiscations — a significant portion of which comes from liquidated cryptocurrencies. However, the need for funds is at odds with the government’s public anti-crypto stance, forcing officials to offload coins abroad through intermediaries while hoping for minimal interference from Beijing. There have been discussions among judges, lawyers, and police about the need for a consistent national policy regarding seized cryptocurrencies. Some have proposed that the central bank take control over these assets, while others have suggested establishing a sovereign crypto fund. Related Reading Leviathan has pointed to Hong Kong, which, with its more favorable legal framework for cryptocurrencies, has emerged as a potential destination for China’s Bitcoin stockpile. This situation presents a unique challenge for China, as the contradiction between its public denouncement of cryptocurrencies and its private profit from them becomes increasingly apparent. As the US moves toward legitimizing cryptocurrencies at the federal level, including discussions on strategic reserves under President Donald Trump and his ongoing support for crypto, China may find itself compelled to respond, the expert asserts. Ultimately, Leviathan said that the fate of China’s 194,000 Bitcoin holdings will not only shape national policies but could also send ripples across the global financial landscape. The daily chart shows BTC’s surge above $84,000. Source: BTCUSDT on TradingView.com At the time of writing, BTC trades at $84,800, registering a 5% surge in the weekly time frame. Featured image from DALL-E, chart from TradingView.com
Is This the Final Shakeout Before Bitcoin’s Next Big Move? Analysts Break It Down
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Bitcoin Recovery in Motion? Analyst Tracks Key Divergence Between US and Asia Market
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Bitcoin Price Gears Up for Next Leg Higher—Upside Potential Builds
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price is slowly moving higher above the $83,500 zone. BTC must clear the $85,200 resistance zone to continue higher in the near term. Bitcoin found support at $83,200 and started a recovery wave. The price is trading above $84,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $84,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,200 zone. Bitcoin Price Eyes Fresh Upside Bitcoin price started a fresh decline below the $86,200 and $85,500 levels. BTC even declined below the $84,00 level before the bulls appeared. The price tested the $83,200 support. A low was formed at $83,171 and the price recently started a recovery wave. The price climbed above the $84,500 resistance zone. There was a break above the 50% Fib retracement level of the downward move from the $86,400 swing high to the $83,171 low. Besides, there was a break above a connecting bearish trend line with resistance at $84,650 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $84,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $85,200 level. It is near the 61.8% Fib retracement level of the downward move from the $86,400 swing high to the $83,171 low. The first key resistance is near the $85,500 level. The next key resistance could be $86,500. Source: BTCUSD on TradingView.com A close above the $86,500 resistance might send the price further higher. In the stated case, the price could rise and test the $87,200 resistance level. Any more gains might send the price toward the $88,800 level. Another Decline In BTC? If Bitcoin fails to rise above the $85,200 resistance zone, it could start another decline. Immediate support on the downside is near the $84,500 level. The first major support is near the $84,000 level. The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $81,800. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $84,500, followed by $83,200. Major Resistance Levels – $85,200 and $85,500.
Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At $155,000
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As gold continues to set new all-time highs (ATH) – trading at $3,333 per ounce at the time of writing – Bitcoin (BTC) has seen more subdued price action, consolidating in the mid-$80,000 range. However, analysts suggest that the top digital asset may soon mirror gold’s recent momentum. Bitcoin Set To Follow Gold’s Momentum? In a recent post on X, crypto trading account Cryptollica hinted that BTC may be poised to replicate gold’s historic price movement seen over the past few months. The account shared the following chart, highlighting the striking similarities between the price actions of gold and BTC. Source: Cryptollica on X The chart shows both gold and BTC forming a macro-bottom around early 2023, followed by a rejection at the range top in early 2024. Gold eventually broke out in the following months, while BTC lagged slightly, breaking out around November 2024. Related Reading According to Cryptollica, BTC now appears to be breaking out of a consolidatory wedge pattern, with a potential mid-term target as high as $155,000. Currently, Bitcoin’s ATH stands at $108,786, recorded earlier this year in January. BTC is also likely to benefit from several favorable macroeconomic trends. For example, the global M2 money supply is expected to increase in 2025, a development that typically supports risk-on assets like Bitcoin. BTC Maturing As A Safe Haven Asset Beyond technical chart patterns, BTC has demonstrated remarkable resilience amid escalating global tariff-induced uncertainty. According to the latest The Week On-Chain report, both gold and BTC have performed well during the ongoing tariff war. The report notes: Amidst this turmoil, the performance of hard assets remains remarkably impressive. Gold continues to surge higher, having reached a new ATH of $3,300, as investors flee to the traditional safe haven asset. Bitcoin sold off to $75k initially alongside risk assets, but has since recovered the week’s gains, trading back up to $85k, now flat since this burst of volatility. The report also mentions that BTC recently experienced its largest price correction of the 2023–25 cycle, a -33% drawdown from its ATH earlier this year. However, this correction remains relatively modest compared to those seen in previous market cycles. Related Reading The following chart illustrates BTC bull market correction drawdowns since 2011. As shown, the recent -33% correction is the shallowest among past cycles, with the deepest being -72% during the 2012–14 bull market. Source: Glassnode While BTC continues to show signs of maturing as a reliable asset during times of geopolitical uncertainty, institutional investors appear to be taking profits. This is evidenced by recent outflows from Bitcoin exchange-traded funds (ETFs). At press time, BTC is trading at $84,694, up 0.7% in the past 24 hours. BTC trades at $84,694 on the daily chart | Source: BTCUSDT on TradingView.com Featured image from Unsplash, charts from X, Glassnode, and Tradingview.com
Bitcoin Price To Break $125,000 But Sell Everything In October, Analyst Warns
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin’s price action in recent weeks has been mostly highlighted by a trading range between $80,000 and $85,000, with a struggle to reclaim buying pressure. Despite the current lack of a strong bullish momentum, many crypto analysts are banking on a bullish continuation and a new Bitcoin price all-time high before the end of 2025. According to crypto analyst TradingShot, Bitcoin could be approaching the final leg of this bull cycle, predicting a peak above $125,000. However, this analysis comes with a caveat that an extended bear market might roll in by October 2025. Long-Term Bitcoin Cycles Hint At Imminent Peak TradingShot’s analysis, which was posted on the TradingView platform, is based on over a decade of symmetrical Bitcoin market behavior that shows both bull and bear cycles unfolding in consistent timeframes. According to TradingShot, the bull cycles dating back to 2015 have all lasted approximately 1,064 days, or 152 weeks, with each cycle topping out almost exactly three years after the previous bottom. On the other hand, bear cycles have consistently lasted for around one year, either from December to December or November to November. Related Reading This historical symmetry is reflected in the chart below, which highlights three bull cycles followed by three bear periods, all forming a repeating pattern. The most recent bottom, recorded on November 7, 2022, marked the start of the current bull cycle. If this pattern holds, Bitcoin could reach its next peak in the week of October 6, 2025. Source: Tradingshot on Tradingview The bull cycle has led to Bitcoin breaking above $100,000 and now with an all-time high of $108,786, but like many others, the analyst predicted this peak will still be broken this year. This peak will likely mirror the explosive rallies that ended the 2017 and 2021 cycles and eventually surpass $125,000. Sell Everything In October 2025, Buy Back In October 2026 TradingShot’s primary advice is blunt but strategic: sell everything by October 2025. According to the analyst, this window could be the final opportunity to exit near the top before the next bear cycle takes hold. Counting 1064 days from the most recent bottom of $15,600 in November 07 2022, gives a time estimate for the next cycle top on October 6 2025. If history repeats itself, the subsequent bearish phase will likely last for 12 months and bottom out around October 12, 2026, before the next bull phase. This timing is not speculative; it’s based on a consistent one-year bearish phase across three full market cycles. Therefore, it would be better to sell before October 2025 and start accumulating by October 2026. At the time of writing, Bitcoin is trading at $84,500, up by 0.9% in the past 24 hours and 48% away from the predicted peak of $125,000. BTC trading at $84,350 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin’s Futures Sentiment Weakens, Is The Ongoing Recovery Running Out of Steam?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin’s upward momentum appears to be slowing down following a recovery phase earlier this week. After climbing close to $86,000, BTC has retraced slightly, hovering just above the $84,000 mark at the time of writing. The mild pullback comes after a 10% rise seen over the past seven days, which helped the asset recover from recent corrections triggered by macroeconomic pressures. While the price movement may suggest a healthy retracement or consolidation phase, market sentiment tells a more complex story. According to CryptoQuant contributor abramchart, futures sentiment has not mirrored the price surge, indicating caution among derivative traders. This divergence between price action and market sentiment could suggest growing uncertainty or a broader shift in investor behavior. Related Reading Bitcoin Futures Sentiment Signals Cooling Conviction In his recent post titled “Weakening Futures Sentiment Signals Caution Amid Bitcoin Rally,” abramchart explained how sentiment indicators have not kept pace with BTC’s recent price movements. From November 2024 through early 2025, Bitcoin experienced strong gains, but the futures sentiment index peaked early and has since been declining steadily. Despite prices staying relatively high, the index now trends near the support zone around 0.4, suggesting increased bearish sentiment. Bitcoin Futures Sentiment Index. | Source: CryptoQuant The sentiment index’s resistance is historically around 0.8, with support near 0.2. According to abramchart, the index hovering closer to support may reflect ongoing profit-taking, growing macroeconomic uncertainty, or investor hesitation around regulatory developments. He also noted that Bitcoin’s average trading range between $70K and $80K suggests possible accumulation rather than strong directional conviction. If sentiment continues to linger at current levels, further consolidation or downside action may be expected in the absence of strong bullish catalysts. Weakening Futures Sentiment Signals “The chart shows that while Bitcoin reached significant highs, futures sentiment weakened, which can be a warning signal of potential retracement or at least a lack of strong bullish conviction.” – By @abramchart pic.twitter.com/zzSmUJsQ8Y — CryptoQuant.com (@cryptoquant_com) April 16, 2025 Binance Derivatives Show Bullish Signs Returning In contrast to the cautious sentiment observed in the broader futures market, activity on Binance derivatives is showing signs of renewed optimism. Another CryptoQuant analyst, Darkfost, highlighted a shift in the Binance taker buy/sell ratio—a metric used to measure which side, buyers or sellers, is dominating trading volume on the exchange’s derivatives platform. According to Darkfost, the 30-day exponential moving average of this ratio had remained below 1 for much of 2025, indicating sustained bearish sentiment. Binance taker buy/sell ratio. | Source: CryptoQuant However, recent readings show a return to neutral territory, with bullish activity picking up. The ratio trending above 1 indicates buyer dominance, and current data suggests that long traders are becoming more active again. Related Reading Although this doesn’t guarantee a market reversal, it may signal short-term momentum returning in favor of bulls, especially on trading venues like Binance that play a key role in crypto price discovery. BTC price is moving upwards on the 2-hour chart. Source: BTC/USDT on TradingView.com Featured image created with DALL-E, Chart from TradingView
Bitcoin Price Holds Steady, But Futures Sentiment Signals Caution – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to a recent CryptoQuant Quicktake post, while Bitcoin (BTC) has seen a steady rise in price from November 2024 to February 2025, sentiment in the cryptocurrency’s futures market has not shown a corresponding uptick. Bitcoin Futures Sentiment Index Signals Caution Bitcoin’s price surged from approximately $74,000 in November 2024 to a peak of $101,000 by early February 2025. However, following US President Donald Trump’s tariff announcements, risk-on assets – including BTC -have experienced a significant pullback. Related Reading After hitting a potential local bottom of $74,508 earlier this month on April 6, the apex cryptocurrency has recovered some of its recent losses. The top digital asset is trading in the mid $80,000 range at the time of writing. Despite this recovery, BTC’s futures sentiment has continued to decline since February. Even as the price holds near local highs, sentiment in the futures market has notably cooled. CryptoQuant contributor abramchart highlighted this divergence, noting that it could indicate increasing caution or profit-taking behavior despite the ongoing bullish trend. The analyst commented: This indicates a cooling interest or increased fear in the futures market, possibly due to macroeconomic uncertainty, regulatory concerns, or expected corrections. A look at the BTC futures sentiment index shows a resistance zone around 0.8 and a support level near 0.2. The index is currently hovering around 0.4, pointing to a predominantly bearish sentiment across futures markets. The BTC Futures Sentiment Index currently hovers around 0.4 | Source: CryptoQuant Similarly, Bitcoin’s average price has steadily declined from its early 2025 highs. It is now ranging between $70,000 and $80,000, signalling possible market indecision amid heightened tariff tensions. According to abramchart, if futures sentiment remains low, BTC could face extended price consolidation or even downward pressure in the near term. However, any emerging bullish catalyst could quickly shift the sentiment and renew upward momentum. Is BTC Close To A Momentum Shift? Some analysts believe Bitcoin may be nearing a breakout. After consolidating in the mid-$80,000s for several weeks, on-chain metrics suggest BTC may be undervalued at current levels. Indicators such as BTC exchange reserves and the Stablecoin Supply Ratio support this view. Related Reading In addition, momentum indicators like Bitcoin’s weekly Relative Strength Index have begun to break out of a long-standing downward trendline – raising hopes for a potential bullish rally back toward $100,000. However, several risks still remain. The recent appearance of a ‘death cross’ on BTC’s price chart – combined with persistent macroeconomic concerns related to trade tariffs – could still weigh heavily on market sentiment. At press time, BTC trades at $83,917, down 1.8% over the past 24 hours. BTC trades at $83,917 on the daily chart | Source: BTCUSDT on TradingView.com Featured image from Unsplash, Charts from CryptoQuant and TradingView.com
Bitcoin Price Range-Bound—But a Move Higher May Be Brewing?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh decline below the $85,500 zone. BTC is now consolidating and might attempt to clear the $85,200 resistance zone. Bitcoin started a fresh decline below the $85,500 zone. The price is trading below $85,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $84,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,000 zone. Bitcoin Price Eyes Fresh Increase Bitcoin price struggled near the $86,500 zone and started a fresh decline. BTC declined below the $85,500 and $85,000 levels to enter a short-term bearish zone. The price tested the $83,200 support. A low was formed at $83,171 and the price recently corrected some losses. There was a move above the $83,800 level. The price surpassed the 50% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low. Bitcoin price is now trading below $85,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $84,750 level. There is also a connecting bearish trend line forming with resistance at $84,800 on the hourly chart of the BTC/USD pair. The first key resistance is near the $85,150 level or the 61.8% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low. The next key resistance could be $85,500. Source: BTCUSD on TradingView.com A close above the $85,500 resistance might send the price further higher. In the stated case, the price could rise and test the $85,800 resistance level. Any more gains might send the price toward the $86,400 level. Another Decline In BTC? If Bitcoin fails to rise above the $85,000 resistance zone, it could start another decline. Immediate support on the downside is near the $83,900 level. The first major support is near the $83,200 level. The next support is now near the $82,200 zone. Any more losses might send the price toward the $81,500 support in the near term. The main support sits at $80,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $83,200, followed by $82,200. Major Resistance Levels – $84,750 and $85,150.
Bitcoin Price Following Analyst’s Prediction For Bullish Breakout, Here’s The Target
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Bitcoin price appears to be moving in lockstep with a bullish prediction made by a crypto analyst earlier this month. According to the analyst’s forecast, Bitcoin is set to break out to a new all-time high above $120,000 following the announcement of a temporary tariff pause by United States (US) President Donald Trump. $120,000 Bitcoin Price Forecast In Motion Kaduna, a crypto analyst on X (formerly Twitter), has released a follow-up analysis on his previous bullish prediction of Bitcoin, highlighting that it is playing out as expected. On April 11, the analyst predicted that Bitcoin was preparing for a massive push above $120,000. Related Reading He outlined a thesis that the 90-day suspension of President Trump’s Tariffs would act as a powerful macroeconomic catalyst for Bitcoin. Kaduna argued that the market may start “frontrunning” about a month early, culminating in a mini bull market during a 55-day “exit window” between April 3 and June 3 2025. Accompanying this bullish analysis was a detailed chart comparing Bitcoin’s price movements through candlesticks with a blue overlay, believed to represent a macroeconomic indicator such as global M2. The blue line in the chart projects a steady climb during this window, offering a clear visual target above $120,000. Kaduna had stated that if his prediction played out, he would exit most positions by the end of the window. Just days after his bullish forecast, Bitcoin has begun mirroring the projected path. Kaduna revealed in a follow-up candlestick chart that Bitcoin is breaking above the local resistance at $84,000 with strong volume support, aligning with the predicted overlay. This early strength suggests that the frontrunning behaviour the crypto expert projected earlier is now playing out in real time. Source: Kaduna on X The blue line suggests a potential move toward the $120,000 – $125,000 range over the next month and a half, setting a clear upside target if momentum continues. Bitcoin’s price action is also unfolding right on cue within the 55-day window, validating the analyst’s bullish thesis. Both the overlay and Bitcoin’s prices are trending upwards, signaling that the market is indeed reacting to the macroeconomic tariff catalyst. If this trajectory holds, it would mark a significant validation of the analyst’s macro-technical analysis approach. Update On The Bitcoin Price Action Following its crash below $80,000, the Bitcoin price seems to be on a path to recovery. CoinMarketCap’s data reveals that Bitcoin is currently trading at $83,395, marking a significant 7.16% increase over the past week. Related Reading The cryptocurrency had broken the resistance level at $84,000 earlier this week. However, it retraced sold gains and is now trading at its present market value. Given its fluctuating price and unstable market, crypto analysts like Tony Severino have revealed that he is neither bullish nor bearish on Bitcoin. Instead, he seems to be taking a wait-and-see approach, closely monitoring how the market responds to ongoing volatility driven by the US Trade war and tariff implementation. BTC trading at $83,865 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Is The Bitcoin Open Interest Too High Or Can The BTC Price Still Rally?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Bitcoin open interest has remained on the high side despite the price declines, suggesting that interest in the leading cryptocurrency by market cap remains abundant. This interest is no doubt a good thing for the crypto market, especially in the long-term. But looking back at previous trends involving the Bitcoin open interest, it is concerning that the value is still so high and this could hinder a recovery for the Bitcoin price from here. Bitcoin Open Interest Still Above $56 Billion Data from the Coinglass website shows that the Bitcoin open interest is still quite high and not far off from its November 2024 highs after the BTC price hit a new peak above $109,000. This consistently high open interest signifies traders still taking considerable positions in the digital asset despite its price falling over 20% since then, something that could be a hindrance to recovery. Related Reading The total Bitcoin open interest is currently sitting at $56.17 billion, falling approximately 22% from its all-time high of $71.85 billion. This shows a close correlation between how much the price has fallen compared to the open interest. However, the open interest remaining this high could have some negative implications for the BTC price and the crypto market by extension. Source: Coinglass For example, looking at the chart above, it is obvious that Bitcoin has seen its largest moves upward when the open interest has been low. This suggests that the lack of market pressure gives bulls the space to push the price upward. Hence, with the open interest still so high, it could be much harder to push the price higher. Given this, the BTC price could see further decline before there is more recovery from here. BTC Price Crash Below $70,000 Imminent? Besides the Bitcoin open interest remaining high, a crypto analyst has also given reasons why the BTC price could see a crash from here. The first factor given is the fake bullish divergence. According to the analysis, the RSI may be showing a bullish divergence but the price action isn’t following it. Hence, this could lead to a bull trap, pulling traders into losses as the price crashes. Related Reading Another factor given is the fact that the Bitcoin price has broken a trendline support after falling to the low $80,000s. This suggests that bullish momentum is weakening and the recent recovery might not hold. Source: TradingView Given the factors listed above, the crypto analyst expects the Bitcoin price to fall another 20% from here. The target is placed at $69,149, which is an all-time high from 2021. “This level coincides with the intersection of the mid-channel support line and horizontal price structure,” the analyst explains. BTC bulls fail to pull up prices | Source: BTCUSD on TradingView.com Featured image from Dall.E, chart from TradingView.com
Why Does This Bitcoin Cycle Feel So Boring? Analyst Weighs In
On the higher time frame, Bitcoin appears to still be in a bearish market with the asset recording a 21.7% decrease away from its all-time high (ATH) above $109,000 recorded in January. However, when slightly zoomed in, it is seen that the asset is seeing a gradual and steady rebound surging 6.8% in the past week to bring its asset closer to the psychological $90,000 mark with a current trading price hovering above $85,000. The latest analysis from CryptoQuant analyst Crypto Dan offers context for this cautious optimism. In a post titled “Why does this cycle feel so boring?”, Dan explained that, unlike previous bull cycles that featured fast-paced rallies and surging interest from short-term participants, the current cycle appears subdued. Why The Current Cycle Is Different One major indicator supporting Dan’s observation is the notably lower percentage of Bitcoin held for short durations (1 week to 1 month), reflecting minimal engagement from newer market entrants. Dan attributes this behavioral shift to two primary structural changes. First is the macroeconomic environment. In contrast to the aggressive liquidity injections and near-zero interest rates of the 2020–2021 period, the current market faces tight liquidity and high interest rates, reducing the pace and scale of capital inflows. Second is the transition in market leadership from retail traders to institutional investors. The approval and growing adoption of Bitcoin exchange-traded funds (ETFs) have transformed the nature of capital movement into the space, making price movements more measured and incremental. As a result, the market’s development is more cautious, lacking the euphoria typically seen in previous cycles. Dan emphasized that while some on-chain metrics may suggest a cycle top, the current structure could instead be pointing to a more extended and gradual market evolution. He suggested that long-term patience, rather than short-term speculation, may yield better outcomes under these conditions, noting: In times like this, what matters most isn’t chasing quick pumps— It’s understanding the slower structure and having the patience to stay with it. Bitcoin On-Chain Metrics Signal Strength Despite Unusual Cycle Supporting this longer-term perspective, another CryptoQuant analyst elcryptotavo noted that a key on-chain metric remains strong. According to his analysis, over 70% of the Bitcoin supply remains in profit—a level historically associated with price stability. This metric tracks the percentage of circulating BTC with a cost basis below the current market price. A supply-in-profit ratio that remains elevated, particularly above the 70% mark, has often served as a foundation for further upward momentum. Elcryptotavo added that the next target is to push this metric back toward the 80% level, which would reinforce bullish momentum and possibly sustain the current upward trend. If this threshold is achieved alongside improving macro conditions and continued ETF inflows, Bitcoin could see renewed strength even in the absence of speculative enthusiasm. Featured image created with DALL-E, Chart from TradingView