2 days ago
Bitcoin ( BTC ) rallied 7.41% in the last seven days and is, at press time on April 15, changing hands at $85,753. The week also featured two dramatic moves, with the first seeing a plunge near $75,000 and the other a subsequent 15% recovery. BTC one-week price chart. Source: Finbold Despite the positivity, the world’s premier cryptocurrency appears poised for another downward shift. Technical analysis ( TA ) based on both the hourly and four-hour charts indicates a correction is imminent. Specifically, the prominent on-chain analyst Ali Martinez issued a cautionary X post on April 15, warning that TD Sequential is flashing a sell signal: Caution ahead! The TD Sequential is flashing sell signals for #Bitcoin $BTC on both the 1-hour and 4-hour charts. TD Sequential issues Bitcoin crash signal. Source: Ali Martinez TD Sequential is a technical analysis tool that uses an asset’s performance over time to determine whether the prevailing trend will persist or if a reversal is in order. It was first described by the famous analyst Tom DeMark in his 1994 book ‘The New Science of Technical Analysis.’ How low will Bitcoin crash? Though Martinez offered no insights into how low BTC might fall, his previous analyses reveal two important levels to monitor. On April 14, he warned that investors accumulated 96,580 BTC at $82,024, rendering the price point an important support zone . In an April 13 post, Martinez explained that $79,000 is another important Bitcoin support level. The most critical support for #Bitcoin sits at $82,024, where 96,580 $BTC were previously accumulated. A level worth watching closely! pic.twitter.com/LJwGU9lsvc — Ali (@ali_charts) April 14, 2025 Still, previous performance demonstrates that falling to $75,000 is not an unrealistic prospect, with a greater downside also being possible as, in recent weeks, the world’s flagship digital asset has, on multiple occasions, plunged to new 2025 lows. Simultaneously, a drop below $80,000 appears exceptionally unlikely, barring new adverse external developments, as previous downturns have, for the most part, been driven by macroeconomic headwinds such as the Liberation Day tariffs. Why Bitcoin could rally instead Lastly, as Finbold reported on April 14, the current bullish momentum has enabled BTC to close above its 50-day moving average ( MA ) on Saturday for the first time since early February, making a retest of the $99,500 resistance possible. However, the bullish scenario is far from guaranteed in large part thanks to overall market sentiment being profoundly shaken, increasing the odds of traders selling on smaller upward moves to evade losses in possible future deep retracements. Featured image via Shutterstock The post Bitcoin (BTC) monster crash alert appeared first on Finbold .
Finbold
You can visit the page to read the article.
Source: Finbold
Tags :
Cryptocurrency news Bitcoin BTC cryptocurrency investing
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Binance Advising Governments on Establishing Crypto Reserves
Governments worldwide are racing to secure crypto dominance, turning to Binance for strategic guidance on digital reserves and regulatory blueprints as sovereign adoption accelerates. Nations Seek Binance’s Aid on Crypto Reserves Binance has begun advising governments on cryptocurrency regulation and national digital asset reserves, according to a report by the Financial Times, published April 17. Finbold
Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At $155,000
As gold continues to set new all-time highs (ATH) – trading at $3,333 per ounce at the time of writing – Bitcoin (BTC) has seen more subdued price action, consolidating in the mid-$80,000 range. However, analysts suggest that the top digital asset may soon mirror gold’s recent momentum. Bitcoin Set To Follow Gold’s Momentum? In a recent post on X, crypto trading account Cryptollica hinted that BTC may be poised to replicate gold’s historic price movement seen over the past few months. The account shared the following chart, highlighting the striking similarities between the price actions of gold and BTC. The chart shows both gold and BTC forming a macro-bottom around early 2023, followed by a rejection at the range top in early 2024. Gold eventually broke out in the following months, while BTC lagged slightly, breaking out around November 2024. Related Reading: Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics According to Cryptollica, BTC now appears to be breaking out of a consolidatory wedge pattern, with a potential mid-term target as high as $155,000. Currently, Bitcoin’s ATH stands at $108,786, recorded earlier this year in January. BTC is also likely to benefit from several favorable macroeconomic trends. For example, the global M2 money supply is expected to increase in 2025, a development that typically supports risk-on assets like Bitcoin. BTC Maturing As A Safe Haven Asset Beyond technical chart patterns, BTC has demonstrated remarkable resilience amid escalating global tariff-induced uncertainty. According to the latest The Week On-Chain report, both gold and BTC have performed well during the ongoing tariff war. The report notes: Amidst this turmoil, the performance of hard assets remains remarkably impressive. Gold continues to surge higher, having reached a new ATH of $3,300, as investors flee to the traditional safe haven asset. Bitcoin sold off to $75k initially alongside risk assets, but has since recovered the week’s gains, trading back up to $85k, now flat since this burst of volatility. The report also mentions that BTC recently experienced its largest price correction of the 2023–25 cycle, a -33% drawdown from its ATH earlier this year. However, this correction remains relatively modest compared to those seen in previous market cycles. Related Reading: Bitcoin Weekly RSI Breakout Signals Trend Shift – Is $100,000 Next For BTC? The following chart illustrates BTC bull market correction drawdowns since 2011. As shown, the recent -33% correction is the shallowest among past cycles, with the deepest being -72% during the 2012–14 bull market. While BTC continues to show signs of maturing as a reliable asset during times of geopolitical uncertainty, institutional investors appear to be taking profits. This is evidenced by recent outflows from Bitcoin exchange-traded funds (ETFs). At press time, BTC is trading at $84,694, up 0.7% in the past 24 hours. Featured image from Unsplash, charts from X, Glassnode, and Tradingview.com Finbold
