Fun

Bitcoin Price Struggles: Crypto Analyst Bucks Back Against Bearish Sentiment, Top Is Not In

News Feed - 2025-04-01 04:04:19

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 How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Amid the Bitcoin price struggles, crypto analyst BitQuant has pushed back against the idea that the top is in and instead provided a bullish outlook for the flagship crypto. He also remarked that he would reveal when the “real top” is in.   Analyst Affirms Top Isn’t In Yet Despite The Bitcoin Price Stuggles


In an X post, BitQuant was confident as he assured that the top isn’t in yet despite the Bitcoin price struggles. He noted that during the last cycle, market participants argued that $60,000 didn’t look like a top, even though it had a perfect textbook structure of one. Now, there is a panic although this top structure has yet to form in this market cycle.  Related Reading This Bear Market Indicator Says Bitcoin Price Is Headed For Crash To $40,000, Here’s When 1 week ago


The analyst stated that he understands the bearish sentiment but that this is likely because some market participants haven’t experienced the bull phaseyet. He affirmed that when the real top is in for the Bitcoin price, and there is a 25% pullback, he will post his accompanying chart again. The analyst added that market participants would know for sure, without any guidance, whether the top is in or not. Source: BitQuant on X


Crypto analyst Kevin Capitalalso suggested that the top isn’t in yet for the Bitcoin price. However, he admitted that the crypto is in a major correctional phase in the market. The analyst remarked that these corrections take time and asked market participants to stay patient while monitoring the macro data and monetary policy updates. 


Kevin Capital mentioned that much can be done in the meantime and claimed that this is what crypto is like. He added that most of the Bitcoin price gains are accomplished in a two-week period every year. Other times, the flagship crypto simply trades sideways or witnesses significant declines.  BTC Still Risks Dropping To As Low As $70,000


In a recent analysis, Kevin Capital predicted that the Bitcoin price could still dropto as low as $70,000. He stated that if BTC loses the golden pocket at $81,000 and follows through with that measured target, then the $70,000 to $73,000 range, which he has outlined on the higher time frames, would be the “Measured Move” target.  Related Reading Bitcoin Price Set For Reversal To $130,000 After Forming Major Cup And Handle Support 1 week ago


The analyst also remarked that there are lots of factors this week that will influence price action. One is Donald Trump’s tariffimplementation on April 2nd, which he suggested could be a buy-the-news event in the sense that BTC has also priced into the effects of the proposed tariff and could surge once the event occurs. 


Kevin Capital also highlighted other macro factors, such as the labor market data at the end of the week. Meanwhile, the US Treasury run-off will decrease from $25 billion to $5 billion starting April 1st. The analyst admitted that it remains uncertain whether these events have an immediate sentiment effect or even affect the sentiment at all. 


At the time of writing, the Bitcoin price is trading at around $82,000, down almost 2% in the last 24 hours, according to datafrom CoinMarketCap. BTC trading at $81,952 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pexels, chart from Tradingview.com

News Feed

Tesla Has $1.5 Billion Worth of Bitcoin on Its Balance Sheet, Plans to Accept BTC for Products
Tesla Has $1.5 Billion Worth of Bitcoin on Its Balance Sheet, Plans to Accept BTC for Products The publicly listed firm Tesla has announced in a Securities and E
Chainlink Cross-Border Play Expands To Hong Kong–Australia Money Movement
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 pu
Ezra Reguerra13 hours agoBitcoin mining can help reduce up to 8% of global emissions: ReportThe report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions.2642 Total views34 T
Telegram Backer Sought Circle Listing Before SEC Halted Token Launch
A least one crypto exchange, Circle, was asked to list Telegram’s tokens before the Securities and Exchange Commission (SEC) halted the launch of the TON blockchain, court filings show.
RenQ Finance Presale Smashes Expectations, Raising in Total Over $5M and $200K in the Last 24 Hours
RenQ Finance Presale Smashes Expectations, Raising in Total Over $5M and $200K in the Last 24 Hours press release PRESS RELEASE.RenQ Finance has recently announced the launch of the
Circle’s USDC overtakes Tether’s USDT in stablecoin transactions — Visa
Zoltan Vardai10 hours agoCircle’s USDC overtakes Tether’s USDT in stablecoin transactions — VisaDespite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin mark
JPEX Announces Partnership Extension with Western Sydney Wanderers
JPEX Announces Partnership Extension with Western Sydney Wanderers press release PRESS RELEASE.JPEX, a licensed digital bank designed to enable the buying and selling of virtual and
MicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continues
Brayden Lindrea7 minutes agoMicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continuesMicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains
Why is BNB price down today?
Nancy Lubale6 hours agoWhy is BNB price down today?BNB’s price is at risk of further losses as multiple metrics point to Binance losing its market share in the crypto sector.773 Total views10 Total sharesListen to arti
Bitcoin breaks ATH against a dozen currencies as BTC price breaches $59K
Prashant Jha12 hours agoBitcoin breaks ATH against a dozen currencies as BTC price breaches $59KThe new BTC ATH against several fiat currencies shows their declining market value due to rising inflation.7621 Total views1
MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals
MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly befor
Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity
Visual Interpretation of Bitcoin"s Supply Shows the Digital Asset"s Unique ScarcityThe Bitcoin network has recently crossed over the 18.5 million mark, as far as the number of bitco