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

Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFT
Cointelegraph10 hours agoZero Barriers podcast series: Crypto adoption fueled by ZK-rollupsThe podcast series is produced in collaboration with StarkWare and explores the future of ZK-rollups as an Ethereum layer-2 solut
Pyth ploys DeFi lending overhaul with Morpho, Gauntlet partnership
Josh O"Sullivan12 hours agoPyth ploys DeFi lending overhaul with Morpho, Gauntlet partnershipPyth Network teams up with Morpho and Gauntlet to enhance lending protocols on Ethereum and Base using low-latency price data.8
Keanu Reeves Says Dismissing Crypto Will Only Make It Better
Keanu Reeves Says Dismissing Crypto Will Only Make It Better Famous actor Keanu Reeves says dismissing crypto or criticizing its volatility will only “make it better in terms
Biggest Movers: DOGE Hits 1-Week High as Prices Rebound on Tuesday
Biggest Movers: DOGE Hits 1-Week High as Prices Rebound on Tuesday Dogecoin rose to a one-week high on Tuesday, as the meme coin rebounded from recent losses. The token rose by as
FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing
FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing After the San Francisco-based exchange Coinbase announced it was registering with
Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application
Anchor Nips at Aave"s Heels as Defi Protocol Becomes Second-Largest Lending Application While the decentralized finance (defi) platform Anchor Protocol’s native digital asse
Zhiyuan Sun7 hours agoMaple Finance secures SEC exemption for on-chain Treasury poolsLaunched in April, the USDC pools were previously accessible only to non-U.S. accredited investors.1277 Total views9 Total sharesListen
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mi
IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits
IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits The International Monetary Fund (IMF) has told El Salvador that the costs of implementing the
Turkey Drafting Crypto Bill to Submit to Parliament in Coming Weeks: Report
Turkey Drafting Crypto Bill to Submit to Parliament in Coming Weeks: Report Turkey is reportedly drafting crypto legislation to be submitted to parliament in the coming weeks. The
William Suberg8 hours ago‘Sodl’ too soon: US gov’t missed Bitcoin gains now total $6BThe second-biggest BTC “investor” in the world after Satoshi Nakamoto is staring down 10-figure losses.2337 Total views5 Tota