Since the Crypto market is witnessing a fall to $ 2.4 trillion, the references rose in the maximum market to nearly $ 1.5 billion. Amid the increasing fear in the market, Bitcoin breaks down a moment under the mark of $ 75,000, and recorded the lowest level in 24 hours at 74,446 dollars.
Bitcoin returned at a trading price of $ 77,480. Will this wear in the short term in the short term after the main step that returns to Bitcoin pushed a brand of $ 80,000? Let’s discover.
Bitcoin price analysis
In the 4 -hour price scheme, the ETHEREUM price direction displays a tremendous collapse of the monotheism range. The low support for the monotheism range was $ 78,572.
The massive accident of the Bitcoin price fell near the S1 PIVOT support level at $ 74,000. The collapse of the monotheism rapidly led to an extension in the lower Bollegerer range, indicating the beginning of a new declining step.
However, with a rapid V -shaped reflection slightly before the S1 PIVOT support level, the result indicates a possible re -test. This quick test brings short -term relief but also warns of a post -test reflection.
In the event of a post -test reflection, the risk of the downside will increase, which leads to the level of S2 PIVOT support in the dumping radar. The S2 axis level price is 69,804 dollars.
Consequently, the short -term work analysis is warned of a sharp correction to less than $ 70,000 psychological support. Amid the low prices, the SMA line for 20 days is witnessing the central line of the Bollinger Band, which is great.
This is in line with the short -term increase in the width pressure. However, on the optimistic side, a possible transit above the broken level can lead to 78,572 dollars to an increase in Bitcoin’s chances to restore a brand of $ 80,000.
In such a case, the S2 axis level will be at 81,374 dollars as an immediate resistance level. This S2 axial line coincides with the SMA line for 20 days.
Bitcoin’s future signal slowing the negative aspect
With a huge increase in supply pressure, the open interest is successful Funding rate It is still positive at 0.0054 %. However, the increase in fluctuations led to a significant shaking of encryption traders.
This open interest Bitcoin was 2.84 %, which dropped it to $ 51.83 billion. Over the past 24 hours, the Bitcoin qualifiers have increased to 486.82 million dollars.
Among the total number of references 24 hours a day, the long qualifiers represent 412.87 million dollars, while the short -sided qualifiers represent $ 73.95 million. Despite the main collapse, the optimism of the best traders on central stock exchanges such as Binance and OKX significantly.
This is highlighted by a long percentage to the best traders through accounts and positions, ranging from 1.75 to 2.32.
Glassnode stains decisive support at $ 74,000
In the midst of increased volatility, Glassnode highlights the last support for Bitcoin, and it is formed for $ 74,000. The statute on this chain highlights with the main supply group less than $ 80,000, with more than 50 thousand BTC at 74.2 thousand dollars.
for now, $ BTC It seems that he found support at 74 thousand dollars. This corresponds to the first major supply group less than 80 thousand dollars – more than 50 thousand dollars $ BTC In 74.2 thousand dollars. This level is mostly kept by investors who were active for five months, which steadily raises the basis of cost until March 10, and then … pic.twitter.com/d3g42MP6oe
– Glassnode (Glassnode) April 7, 2025
Over the past five months, the decisive level has been often retained by investors, steadily raising the average cost until March 10. However, a platform on the chain also highlights the downside.
The following great decisive support is 69.9 thousand dollars. This is the scope of $ 68,000 btc. Glassnode also highlights the largest individual level in the range of $ 74,000 to $ 70,000 at 71.6 thousand dollars, and holds 41 km. The total range holds 175 km.
