Bitcoin charts point to $80K in April: Hereβs how it may happen
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Technical analysis, overhead supply awaiting absorption, and a shift in investor sentiment have increased the likelihood of Bitcoin reaching $80,000 in April.
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Technical analysis, overhead supply awaiting absorption, and a shift in investor sentiment have increased the likelihood of Bitcoin reaching $80,000 in April.
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Bitcoin holding above $72,000, along with a sharp uptick in whale activity, suggests traders may target the supply zone at $88,000.
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TAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past.
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Bitcoin continues to show strength even as US recession risks rise and the fragile ceasefire with Iran begins to show cracks.
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A rare signal from an ETH price indicator suggests Ether is undervalued, while demand in spot and futures markets hints at a rally to $2,500.
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Bitcoin whales sold $271 million in BTC on Sunday, but the steady absorption of supply by traders should help bulls maintain their hold on the market momentum.
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Onchain and technical data hint that $1,800 may have been the macro price bottom for Ether. Is there sufficient bullish momentum for a rally to $3,000?
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Bitcoin needs to regain momentum with higher trading volumes for BTC to reclaim $80,000 as support and sustain the recovery.
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Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data shows BTC bears have not closed most of their positions yet.
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Bitcoin buy-side activity across spot and derivatives markets is strengthening, while reduced selling from short-term holders improves the odds of holding $72,000.
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Bitcoin briefly reclaimed $72,000 on ceasefire news, but fading momentum, resistance and macro risks leave traders questioning the strength of the breakout.
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ZEC's latest rebound resembled bounces witnessed during the 2021 bear market, raising the odds of a 40% correction in the coming weeks.
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Bitcoin rose toward $72,000 after US President Donald Trump confirmed a ceasefire agreement with Iran, sending oil prices crashing below $100.
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Ethereum analysts said buyers were back in control, but holding the $2,000 support was key to reversing the market structure.
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Bitcoin ETF inflows hit $471 million, but stress on digital asset treasuries, selling from miners, and the war in Iran are keeping BTC stuck below $70,000.
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Wintermute analysts said Bitcoinβs price stability against the extreme bearish sentiment present in the market is a positive. Will BTC ever flip $70,000 back to support?
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Multiple Bitcoin indicators, including a bull-bear sentiment index and realized price metric, point to a possible final BTC shakeout toward $54,000