Major altcoins have yet to achieve similar breakouts.
Avalanche's price action shows accelerating upward trajectory with high-volume trading activity breaking key resistance levels.
Bitcoin (BTC) posted modest gains earlier today, trading above $87,000 for the first time since April 1. Crypto analysts now suggest that BTC may be on the verge of a sustained rally, as several key indicators are flashing bullish signals. Bitcoin Rally Ahead? These Indicators Say Yes According to a CryptoQuant Quicktake post published today, BTC is showing multiple short-term bullish signals, fuelling optimism that a breakout above $90,000 could be imminent. Related Reading: Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics In their analysis, CryptoQuant contributor EgyHash highlighted two key indicators that hint at bullish reversal for the apex cryptocurrency. First, the contributor outlined BTC’s Exchange Inflow metric. EgyHash noted that exchange inflows – the amount of BTC being deposited into exchanges – have dropped significantly in recent months. Since peaking at 120,000 in November 2024, the metric has seen a sharp decline, suggesting that holders are choosing not to move their BTC to exchanges, thereby potentially reducing sell pressure. The chart below shows a consistent drop in exchange inflows since November 2024, despite BTC’s price gains in December 2024 and January 2025. As of now, exchange inflows sit around 9,300. In addition, EgyHash pointed out that Bitcoin’s open interest has surged by $6 billion over the past two weeks. This rise has been accompanied by a positive shift in funding rates, signalling a bullish market outlook. To explain, a rise in open interest shows that more money is flowing into BTC futures or perpetual contracts, indicating increased trader participation and confidence. Similarly, positive funding rates suggest that long positions – bets on BTC price going up – are dominant, and traders are willing to pay a premium to hold these positions. That said, there is some caution to be considered here. If the BTC derivatives market becomes too leveraged, then it may increase the risk of a sharp price correction due to mass liquidations. BTC Breaks Multi-Month Downtrend In a separate X post, crypto analyst Rekt Capital brought attention to BTC breaking out of a falling wedge pattern on the daily chart. Typically, a breakout from the falling wedge pattern indicates a bullish reversal, hinting that the asset’s price may rise after a period of downward consolidation. Related Reading: Bitcoin Buy Signal Confirmed? Analysts Highlight Key Reversal Zone In Play Simultaneously, BTC’s Relative Strength Index (RSI) is approaching the 60 level, indicating renewed buying strength. That said, if RSI nears 60 but fails to push higher, it could also point to weakening momentum and a potential bull trap. Further, BTC’s futures sentiment index is showing signs of warning as the metric has been on a prolonged decline since February 2025. At press time, BTC trades at $87,386, up 3.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
The cryptocurrency is likely targeting the $90K-$92K range, which previously served as a strong support zone.
Solana started a fresh increase from the $120 support zone. SOL price is now consolidating and might climb further above the $142 resistance zone. SOL price started a fresh increase above the $125 and $132 levels against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $137 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $142 resistance zone. Solana Price Gains Over 5% Solana price formed a base above the $120 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $125 and $132 resistance levels. The pair even spiked toward the $145 resistance zone. A high was formed at $143.06 and the price is now retreating lower. There was a move below the 23.6% Fib retracement level of the upward move from the $135 swing low to the $143 high. Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $137 on the hourly chart of the SOL/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $135 swing low to the $143 high. On the upside, the price is facing resistance near the $142 level. The next major resistance is near the $145 level. The main resistance could be $150. A successful close above the $150 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $165 level. Pullback in SOL? If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $138.50 zone. The first major support is near the $137 level and the trend line. A break below the $137 level might send the price toward the $132 zone. If there is a close below the $132 support, the price could decline toward the $125 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $137 and $132. Major Resistance Levels – $142 and $145.
A standard deviation-based indicator points to renewed volatility explosion in XRP and BTC.
According to a recent CryptoQuant Quicktake post, Bitcoin (BTC) may be close to completing its price correction for the current market cycle. The premier cryptocurrency appears primed for positive movement in 2025, despite lingering macroeconomic uncertainty. Bitcoin Looks Ready To Reverse Trend In a Quicktake post, CryptoQuant contributor Crypto Dan highlighted that BTC is currently undergoing a correction phase similar to the one observed in 2024. The analyst noted that the amount of BTC held for less than one week to one month can serve as an indicator of how “overheated” the crypto market is. Related Reading: Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At $155,000 For context, in markets with high speculative activity – such as crypto – price pullbacks tend to be significant. In contrast, markets with lower speculation, like gold, typically experience shallower corrections. Crypto Dan shared the following chart showing three major phases of the crypto market – a market rally (red arrow), an increase in the ratio of BTC held for less than one week to one month (green pattern), and a subsequent correction (yellow arrow). He explained that this pattern has played out twice during the current bull market, with both instances showing similarly elevated levels of short-term BTC holdings, suggesting a comparable degree of market overheating. This ratio has now reached a cycle low, highlighted in the yellow-box region of the chart. Notably, this same region also marked the bottom of the 2024 market cycle. If the pattern mirrors its behaviour from 2024, it could indicate that the current cycle has also bottomed out. Crypto Dan explained: In other words, the overheating is now resolved, and although we may need to wait a little longer, with the progress of macroeconomic issues, 2025 is likely to show a positive movement. Adding to the optimism, a separate post on X by crypto analyst Titan of Crypto also points to a possible shift in momentum. The analyst noted that BTC recently formed a golden cross on the daily chart – a bullish signal that often suggests a trend reversal is underway. For the uninitiated, a golden cross occurs when Bitcoin’s 50-day moving average crosses above its 200-day moving average, signalling a potential long-term bullish trend. It’s widely seen as a buy signal by traders, indicating growing upward momentum. BTC Futures Sentiment Index Signals Caution Despite these bullish signals, not all analysts are convinced. Fellow CryptoQuant contributor abramchart recently observed that BTC’s futures sentiment index has continued to decline since February, suggesting a more cautious outlook among derivatives traders. Related Reading: Bitcoin Flashes ‘Death Cross’ Amid Tariff-Induced Market Turmoil – Is Further Decline Inevitable? Adding to the leading digital asset’s woes, a recent report suggested that China may be preparing to sell a large amount of confiscated BTC, which may increase selling pressure and potentially suppress prices in the short term. At press time, BTC trades at $84,766, down 0.1% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant, X, and TradingView.com
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: Bitcoin Boom Still In Play? Analyst Predicts Final Leg Up 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. 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: Bitcoin Buy Signal Confirmed? Analysts Highlight Key Reversal Zone In Play 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. Featured image from Unsplash, Charts from CryptoQuant and TradingView.com
The breakdown suggests the attempted recovery from the April 7 lows has likely ended.
Monero has shown a long-term bullish shift with a golden crossover, breaking out of a consolidation pattern.
After weeks of downward price action, Bitcoin (BTC) is finally showing signs of a bullish reversal. The leading cryptocurrency’s weekly Relative Strength Index (RSI) has recently broken its trendline, fueling optimism for a potential major breakout. Bitcoin Weekly RSI Turns Bullish Bitcoin has struggled under the weight of escalating global tariff wars, with the flagship digital asset losing more than 10% over the past three months. However, it appears to have found some stability in the low $80,000 range after dipping as low as $74,508 on April 6. Related Reading: Bitcoin Boom Still In Play? Analyst Predicts Final Leg Up In an X post published earlier today, crypto analyst Titan of Crypto suggested that BTC may be on the cusp of a “major breakout.” The analyst highlighted BTC’s weekly RSI breaking above its long-standing trendline – a technical development that often precedes significant momentum shifts in price action. For the uninitiated, BTC’s weekly RSI is a momentum indicator that measures the speed and change of the digital asset’s price movements over a one-week timeframe. It helps identify whether BTC is overbought – typically above 70 – or oversold – typically below 30 – signaling potential trend reversals or continuations. In the chart shared by Titan of Crypto, BTC’s weekly RSI can be seen breaking a downtrend for the third time since September 2024. Interestingly, the previous two breakouts in weekly RSI were followed by major rallies that pushed Bitcoin’s price significantly higher in the weeks that followed. Using a price fractal pattern – highlighted in yellow – Titan of Crypto suggested that if BTC mirrors previous price behavior following RSI breakouts, it could climb to as high as $130,000. Such a move would mark a new all-time high (ATH) for the asset and signal renewed market enthusiasm. Similarly, fellow crypto analyst RookieXBT pointed out that BTC is currently trading inside a falling wedge pattern on the 12-hour chart. Falling wedge formations typically resolve to the upside, and RookieXBT suggests that a breakout could drive BTC’s price to around $140,575. BTC Could Be Showing A False Bullish Momentum However, not all analysts share the same bullish outlook. Seasoned crypto analyst Ali Martinez offered a contrasting view, warning that BTC may be forming a rising wedge pattern – a bearish technical signal that could lead to downside pressure. If this pattern plays out, Martinez believes BTC could fall back to the critical support level at $79,000. In addition to chart patterns, macroeconomic tensions continue to loom large. The ongoing tariff disputes are putting pressure on risk assets, including BTC. Related Reading: Analyst Identifies Key Bitcoin Demand Zone For ‘Substantial Gains’ – Details Adding to the concerns, Bitcoin recently formed a “death cross” – a bearish technical signal where the 50-day moving average crosses below the 200-day moving average – which may result in further losses. At press time, BTC trades at $85,577, up 1.9% in the past 24 hours. Featured image from Unsplash, charts from X and TradingView.com
XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.
XRP shows strong momentum with consistent higher lows and breakout volume suggesting further upside potential.
Bitcoin's recent price action is constrained by the Ichimoku Cloud, creating an unfavorable risk-reward scenario for bullish traders.
Bitcoin has broken out of a technical formation that may place it on track toward a decisive test zone between $96,200 and $102,100. If confirmed in the coming days, the movement would represent a major price development in Bitcoin’s ongoing market structure. A crypto analyst highlighted this zone as one where Bitcoin’s trajectory could either extend to new highs or face its next rejection. Related Reading: From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant Descending Broadening Wedge Breakout Clears Path To $100,000 Again Bitcoin’s price action in the past 24 hours is highlighted by a return to $85,000 as buying pressure started to creep in. Interestingly, this buying pressure has broken out above the upper trendline of a descending broadening wedge formation. This pattern is typically considered a reversal signal, and its breakout implies strong upward continuation if validated. The breakout of the formation was noted in an analysis posted on social media platform X by crypto analyst Titan of Crypto. Notably, the price chart shared by the analyst shows that the wedge formation has been taking place in the daily candlestick timeframe over the past three months. The wedge began forming after Bitcoin’s peak above $108,000 in late January and gradually widened. At the time of the analysis, Bitcoin’s price had already made two daily candlestick closes above the upper trendline of the broadening wedge. According to the analyst, the breakout will most likely be confirmed this week. If confirmed, this will open up the stage for a run above the $100,000 price level again or at least $96,200. Particularly, Titan of Crypto highlighted the region between $96,200 and $102,100 as the next target zone. The analyst emphasized that this range may act as the actual test of Bitcoin’s strength, as it will reveal whether the breakout leads to continuation or stalls into rejection. Image From X: Titan of Crypto Leverage Build-Up Points To $8 Billion Short Squeeze Potential Above $90,000 Crypto analyst Sensei also commented on Bitcoin’s current price structure, noting that a move to $90,000 could trigger a massive liquidation event. Based on data from Coinglass, more than $8 billion in short positions would be vulnerable if Bitcoin rose above $90,000 again. The cumulative short liquidation chart from Coinglass shows a large wall of leveraged short interest concentrated below that level across major exchanges like Binance, OKX, and Bybit. Image From X: Sensei Related Reading: Bitcoin Maxi Takes Aim: Ethereum’s True Value? Lower Than You Think The data reflects a significant imbalance in the derivatives market, with short positions dominating until the $90,000 mark, beyond which liquidation-driven buying could intensify. If Bitcoin does push into this zone, the resulting cascade of liquidations among short positions may provide the momentum required to push the Bitcoin price toward the $96,200 to $102,100 target zone. At the time of writing, Bitcoin was trading at $84,706. Featured image from Freepik, chart from TradingView
Technical expert Tony Severino has warned that the Bitcoin/VIX is not as bullish as market participants might believe. Instead, the expert revealed that the current indicators point to the flagship crypto being in a bear market. Bitcoin/VIX Points To A Bear Market: Analyst In an X post, Severino warned that the Bitcoin/VIX isn’t bullish as some crypto influencers might paint it out to be. He remarked that the technical analysis of it suggests that the current signals are what market participants tend to see during Bitcoin bear markets. However, the expert noted that the month isn’t over yet, which suggests that these indicators could still turn bullish. Severino previously highlighted several reasons why he is no longer bullish on Bitcoin and other crypto assets. Back then, he alluded to BTC’s chart, which, based on the Elliott Wave theory and other technical indicators, showed that the flagship crypto has likely topped in this market cycle. Amid Severino’s warning, crypto analysts like Saeed have offered a more bullish outlook for Bitcoin. Saeed stated that this correction is simply a healthy retracement and that the flagship crypto’s broader trend is still bullish. The analyst highlighted $85,000 as the level Bitcoin needs to break above to reach new highs. The macro side also looks to be bullish for Bitcoin at the moment. The latest CPI and PPI inflation data, which were released, came in lower than expectations, raising hopes of a Federal Reserve rate cut soon. According to a recent report, Boston Fed President Susan Collins also assured that the US central bank is ready to help stabilize the market if necessary. With US President Donald Trump’s tariffs persisting, the US Fed might have to step in soon, which is bullish for Bitcoin and other crypto assets, as more liquidity will flow into them. Bullish Technical Analysis For BTC In a recent X post, crypto analyst Titan of Crypto revealed that Bitcoin is forming an inverse Head-and-Shoulders pattern, although it still looks like a clean retest for now. He remarked that if this pattern plays out, the flagship crypto could reach $125,000 this year, marking a new all-time high (ATH). Meanwhile, crypto analyst Rekt Capital revealed that Bitcoin is developing another Higher Low on the Relative Strength Index (RSI) while forming Lower Lows on the price. He noted that throughout the cycle, BTC has formed bullish divergences like this on a few occasions. This is a positive for the flagship crypto, as each divergence has always preceded reversals to the upside, indicating that BTC could again rally to the upside soon. Related Reading: Whale Alert: Ripple Sends 200 Million XRP Into The Shadows At the time of writing, Bitcoin price is trading at around $83,400, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from TradingView
TRX Rallies 10% as Tether Mints $1B on Tron Amid Global Trade Tensions
Binance Coin's wild price swings reflect growing uncertainty as regulatory developments and global economic policies reshape crypto market sentiment.
DOGE shows remarkable resilience amid global economic tensions, with technical indicators pointing to continued upward momentum.
Solana started a fresh increase from the $100 support zone. SOL price is now consolidating and might struggle to clear the $120 resistance zone. SOL price started a fresh increase above the $105 and $112 levels against the US Dollar. The price is now trading above $105 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $107 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $120 resistance zone. Solana Price Gains Over 10% Solana price formed a base above the $100 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $110 and $112 resistance levels. There was a break above a connecting bearish trend line with resistance at $107 on the hourly chart of the SOL/USD pair. The pair even spiked toward the $120 resistance zone. A high was formed at $120.10 and the price is now retreating lower. There was a move below the 23.6% Fib retracement level of the upward move from the $101.24 swing low to the $120.10 high. Solana is now trading above $105 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $118 level. The next major resistance is near the $120 level. The main resistance could be $125. A successful close above the $125 resistance zone could set the pace for another steady increase. The next key resistance is $132. Any more gains might send the price toward the $140 level. Another Decline in SOL? If SOL fails to rise above the $118 resistance, it could start another decline. Initial support on the downside is near the $112 zone. The first major support is near the $110 level and the 50% Fib retracement level of the upward move from the $101.24 swing low to the $120.10 high. A break below the $110 level might send the price toward the $105 zone. If there is a close below the $105 support, the price could decline toward the $100 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $112 and $110. Major Resistance Levels – $118 and $120.
Price charts of major tokens flash bullish signals after a prolonged battering.
Ethereum (ETH) has plunged 30% over the past two weeks, reflecting broader weakness across the crypto market as the global economy reels from escalating tariff wars. Crypto analyst Ali Martinez warns that ETH could fall even further in the near term, potentially testing the $1,200 level. More Pain For Ethereum, But A Recovery Is Possible Ethereum continues to struggle amid global economic pressures. The world’s second-largest cryptocurrency by market cap has dropped another 8.3% in the past 24 hours and is currently trading in the mid-$1,000 range. Related Reading: Is Ethereum Breaking Free from the Bear Trap? Analysts Weigh In Commenting on the recent price action, seasoned analyst Martinez highlighted that ETH could find key support at the $1,200 mark. He shared the following daily chart of ETH, showing how the digital asset has broken through multiple support levels since December 2024, when it was trading near $4,000. Meanwhile, renowned analyst Carl Moon noted that ETH is currently trading below its realized price of $2,000. He pointed out that the last time this occurred – back in March 2020 at the height of the COVID-19 pandemic – ETH had dropped from $289 to $109. On a more optimistic note, Moon added that ETH recovered swiftly after that steep decline. Based on historical trends, the current price level could present a potential buying opportunity for long-term investors. For those unfamiliar, the realized price for accumulation addresses – as shown in the above CryptoRank chart – represents the average price at which long-term holders acquired ETH. This metric has historically acted as a strong support zone. Is ETH About To Surprise The Market? With market sentiment approaching historical lows, confidence in ETH appears to be dwindling. The Ethereum Fear & Greed Index currently sits at 20, indicating “extreme fear” among investors. Related Reading: Is Ethereum Repeating Its 2020 Trend Reversal? Analyst Predicts ETH To ‘Explode’ In Q2 2025 Despite the bearish mood, some on-chain metrics and historical patterns suggest ETH could be on the verge of a strong bullish reversal – potentially catching investors off guard. For example, crypto analyst Mister Crypto recently drew a comparison between ETH’s current price action and that from 2020, suggesting that Ethereum could embark on a price rally by Q2 2025. Similarly, Ethereum’s Market Value to Realized Value (MVRV) Z-score hints that ETH may be undervalued at current price. The last time it was this undervalued – in October 2023 – it witnessed a sharp rally of 160%. That said, not all indicators are bullish. Rising ETH exchange reserves continue to raise concerns about potential sell pressure from holders. At press time, ETH is trading at $1,457, down 8.3% over the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com
Despite recent market turbulence, Shiba Inu shows signs of technical recovery while Shibarium reaches 1 billion transaction milestone
The global equity and cryptocurrency markets experienced significant downturns earlier today, as US President Donald Trump’s country-specific reciprocal tariffs are set to take effect on April 9. The leading cryptocurrency, Bitcoin (BTC), has declined by more than 7% in the past 24 hours, and analysts predict further near-term challenges for the digital asset. US Tariffs Lead To Crypto Market Rout Notably, Trump’s baseline 10% tariffs on all countries went into effect on April 5, while the higher, country-specific reciprocal tariffs are scheduled to commence on April 9. These developments have raised fears of a global recession and widespread job losses. Related Reading: Shifting Sentiment? Short-Term Bitcoin Holders Stay Put Despite Losses The digital assets market has felt the impact of these tariffs, with BTC slipping over 7% in the past 24 hours – from approximately $82,300 on April 6, to a low of around $74,500 earlier today. Altcoins such as Ethereum (ETH), Solana (SOL), and XRP have experienced even greater declines, tumbling by 17.2%, 16%, and 15.8% respectively over the past 24 hours. Similarly, the total crypto market capitalization has shed almost $130 billion during the same period. Commenting on BTC’s price action amid the market turmoil, seasoned crypto analyst Ali Martinez highlighted that there may be more challenges ahead for the leading digital asset, as it has flashed the infamous death cross on the daily chart, indicating the potential for further price pullbacks. For the uninitiated, a death cross is a bearish technical signal that appears when the 50-day moving average (MA) drops below the 200-day MA. It often suggests a potential downtrend or increased selling pressure in the market. Similarly, veteran trader Peter Brandt shared the following chart, showing BTC trading in a symmetrical triangle pattern, with a wedge retest located at $81,024. The trader hinted that BTC may follow a drop to the 50% retracement level of $54,000. To elaborate, a symmetrical triangle pattern in trading is a chart formation where the price consolidates with converging trend lines connecting a series of lower highs and higher lows, indicating a period of indecision before a potential breakout in either direction. Similarly, a wedge retest refers to the price action where, after breaking out from a wedge pattern – a formation with converging trend lines – the price returns to test the breakout level before continuing in the breakout direction. An Opportunity To Stack Bitcoin? While heightened fears surrounding further price declines in BTC have unsettled investors and traders alike, some risk-seeking investors view this as an opportunity to accumulate more BTC at lower prices. Related Reading: Is a Bitcoin Rally Coming? Exchange Net Flow Data Suggests So For instance, CryptoQuant analyst BorisVest, in a recent analysis, emphasized that if BTC falls between $65,000 to $71,000, it could offer a favorable buying opportunity for investors with a decent risk-reward ratio. At press time, BTC trades at $76,678, down 7.5% in the past 24 hours. Featured image created with Unsplash, charts from X and TradingView.com
Solana started a fresh decline below the $112 support zone. SOL price is now consolidating and might struggle to stay above the $100 support zone. SOL price started a fresh decline below $112 support zone against the US Dollar. The price is now trading below $105 and the 100-hourly simple moving average. There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could accelerate lower if there is a break below the $100 support zone. Solana Price Dips Over 15% Solana price started a fresh decline below the $122 and $115 levels, like Bitcoin and Ethereum. SOL even declined below the $112 support level to enter a bearish zone. There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL/USD pair. The price declined over 15% and traded close to the $102 level. A low was formed at $102 and the price recently started a consolidation phase. The current price action is still very bearish below 23.6% Fib retracement level of the downward move from the $121 swing high to the $102 low. Solana is now trading below $105 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $105 level. The next major resistance is near the $112 level or the 50% Fib retracement level of the downward move from the $121 swing high to the $102 low. The main resistance could be $116. A successful close above the $116 resistance zone could set the pace for another steady increase. The next key resistance is $120. Any more gains might send the price toward the $125 level. Another Decline in SOL? If SOL fails to rise above the $105 resistance, it could start another decline. Initial support on the downside is near the $102 zone. The first major support is near the $100 level. A break below the $100 level might send the price toward the $92 zone. If there is a close below the $92 support, the price could decline toward the $84 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $102 and $100. Major Resistance Levels – $105 and $112.
Bitcoin’s price is reaching a pivotal moment as it coils within a tightening triangle pattern that could soon resolve in a dramatic breakout. The ongoing consolidation around $80,000 to $85,000 is part of a classic technical setup that can cause strong directional moves in the market. Notably, this triangle pattern was shared in an analysis on social media platform X by crypto analyst Ali Martinez, where he advised traders to keep a close eye on Bitcoin’s next breakout move. Related Reading: Solana Slammed By Whale Dump—Can It Recover Or Is More Pain Ahead? The current pattern hints at a possible 15% swing in either direction, and with Bitcoin now hovering around $83,000, the stakes are high. Triangle Pattern Forms As Bitcoin Compresses Between Lower Highs, Higher Lows Martinez’s highlight of a triangle formation examines Bitcoin’s price action since March 7, when it briefly crashed from $91,000 until it broke below $80,000. The ensuing recovery above $80,000 eventually led to the Bitcoin price creating a lower high at $87,000 before correcting again. Since then, Bitcoin’s price action has been highlighted by the formation of lower highs, higher lows, and an increasingly tightening range, all of which are classic parts of a triangle pattern formation. Bitcoin is currently trading right in the heart of this tightening range. The 4-hour timeframe chart shows the upper trendline of the triangle, which caps the price at nearly $86,000, while the lower trendline provides support at around $82,000. These levels have effectively boxed in Bitcoin’s price over the past few weeks, and any clean breakout beyond these boundaries could define the cryptocurrency’s direction in the near term. Image From X: @ali_charts Analyst Predicts 15% Move, Warns Traders To Watch Closely Martinez’s analysis points to a significant price shift once Bitcoin breaks out of the triangle. “#Bitcoin $BTC is consolidating within a triangle pattern, setting the stage for a potential 15% move. Watch closely for a breakout!” he wrote on X. The warning carries weight, especially for short-term traders and those managing leveraged positions. If Bitcoin breaks above the $86,000 resistance line, it could spark a rally toward $90,000 or higher and usher in a renewed wave of bullish momentum. On the other side, a break below the $82,000 support could lead to a quick drop toward the $70,000 level, a scenario that would deal a harsh blow to bullish market sentiment and delay the hopes for predictions of new all-time highs. Related Reading: Bitcoin’s Safe, Saylor Says, While Trump Waves The Tariff Sword Although a downward move to $70,000 would be brutal, its possibility cannot be ruled out, with the bull score currently at a low level of 10. Most investors are positioning for a bullish outcome and a return above $100,000, but analysis of buy zones shows that Bitcoin must break past $85,470 and $92,950 convincingly before this can happen. At the time of writing, Bitcoin was trading at $83,070. Featured image from Fortune, chart from TradingView
Tony “The Bull” Severino has issued a cautionary reminder to the crypto community not to fall into the trap of comparing Bitcoin’s current cycle with its historic 2017 bull run. According to the technical analyst, a critical indicator on the monthly chart paints a very different picture from the one many investors hope for. Severino’s warning comes as Bitcoin continues to consolidate between $81,000 and $84,500, with the buying trend suggesting that it might be topping out. Related Reading: Solana Slammed By Whale Dump—Can It Recover Or Is More Pain Ahead? Stochastic Oscillator Says Bitcoin No Longer In Same Phase As 2017 At the core of Severino’s argument is the stochastic oscillator, a momentum indicator commonly used by technical analysts to analyze whether a cryptocurrency is overbought or oversold relative to its recent price range. When applied to Bitcoin on the monthly candlestick timeframe, the oscillator offers a broader view of long-term momentum trends stretching back to 2013. In the chart shared by Severino, this timeframe includes every major bull and bear cycle, with many recurring patterns. His outlook is in response to market participants who link the 1-month Bitcoin stochastic oscillator’s movement to its past levels in 2017 as a sign of what they expect in the current market. As seen in the chart below, the oscillator has been undergoing the same 2017 downtrend since the beginning of 2025. At the time of writing, the oscillator is sitting around 60, the same level it fell to during the correction in the 2017 bull market. However, he argues that this level has little in common with the 2017 bull run’s momentum peak and aligns more closely with the beginning of the 2018 bear market. During that point in the cycle, Bitcoin suffered a staggering 49% drop within a single month, from wick high to wick low. Severino implies that any current similarities to the 2017 bull market are misleading from a bullish technical standpoint, as the implication is that the leading cryptocurrency is at risk of entering a similar corrective or bearish phase now. Bitcoin Price Can Break Either Way Recent price action has seen Bitcoin struggling to receive strong inflows and buying momentum. On-chain data shows that many short-term holders have halted their buying activity due to the extended consolidation, which does not bode well for bullish prospects. Furthermore, the realized price model says the ongoing correction may still have weeks to run. Nonetheless, Bitcoin has managed to hold and reject a break below $80,000 amid the recent turmoil that shook the markets. The announcement of US President Donald Trump’s proposed tariffs rattled markets, causing volatility not only in crypto but across major US equity markets. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? As the Dow Jones, S&P 500, and NASDAQ pulled back in response, Bitcoin also slipped toward the $81,000 level. However, unlike its equity counterparts, it has since rebounded and reclaimed ground above $83,000, which can be interpreted as early signs of decoupling from traditional financial indices. This is actually wild to see— for the first time, Bitcoin is decoupling right before our eyes ???? pic.twitter.com/b4G3HWqWBo — Cory Bates (@corybates1895) April 4, 2025 At the time of writing, Bitcoin is trading at $83,693. Featured image from Pexels, chart from TradingView
Toncoin's price rollercoaster continues as institutional investors maintain significant holdings despite recent turbulence.
Dogecoin experienced a 12.7% price swing as technical indicators point to critical support levels amid recovery attempts
In a CryptoQuant Quicktake post published today, contributor BorisVest highlighted a key demand zone for Bitcoin (BTC) that could offer investors an opportunity for ‘substantial gains.’ The analyst used the Active Realized Price (ARP) and the True Market Mean Price (TMMP) to identify this critical zone. Buying Bitcoin Here Could Be Profitable Bitcoin is currently trading approximately 10% higher than its recent local bottom of nearly $77,000, recorded on March 10. However, uncertainty in the market has increased due to US President Donald Trump’s looming trade tariffs, with some analysts predicting that the top cryptocurrency could experience further downside before a trend reversal occurs. Related Reading: Is a Bitcoin Rally Coming? Exchange Net Flow Data Suggests So Amid this backdrop, CryptoQuant contributor BorisVest noted that, based on market dynamics, BTC’s ARP is currently hovering around $71,000 – representing almost a 20% pullback from its current price in the mid-$80,000 range. For the uninitiated, Bitcoin’s ARP is a metric that calculates the average acquisition price of all actively traded BTC, filtering out dormant coins. It helps identify market sentiment by showing the cost basis of active investors, providing insights into potential support or resistance levels. Additionally, BorisVest pointed out that BTC’s TMMP currently has a key support level at $65,000. The analyst stated: If we define the area between the Active Realized Price and the True Market Mean Price as a zone, we can expect that in the near future, if the price declines, it should meet significant demand in this range. In essence, BTC’s current major demand zone lies between $71,000 and $65,000. Purchasing BTC within this range could provide investors with a favorable risk-reward ratio, potentially leading to substantial gains. Analyst Points Out Key Resistance Levels In contrast to BorisVest’s analysis, prominent crypto analyst Ali Martinez identified two key resistance levels for Bitcoin. Martinez stated: Bitcoin BTC faces the 200-day MA at $86,200 and the 50-day MA at $88,300 as key resistance ahead! A break above these levels could shift momentum back to the bulls. Moving-average (MA) based resistance levels often function as key psychological and technical price barriers. Market traders typically place their sell orders around these levels, leading to price reversal or consolidation. Related Reading: Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains Martinez’s analysis aligns with that of fellow crypto analyst Rekt Capital, who noted that despite BTC breaking its daily Relative Strength Index (RSI) downtrend, it may still face significant resistance ahead. That said, a bullish trend reversal may be on the horizon for BTC. Recent reports suggest that Trump may soften his stance on reciprocal tariffs, potentially enabling a relief rally for risk-on assets like BTC. At press time, BTC is trading at $84,820, up 1.5% in the past 24 hours. Featured image from Unsplash, Charts from CryptoQuant, X, and TradingView.com