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Bitcoin has seen a notable price consolidation over the past few weeks, trading between the $84,000 and $86,000 levels. Despite the initial surge in price, the cryptocurrency has faced a decline of 3.7% in the past week and nearly 10% in the past month, signaling a period of stagnation in its upward momentum. At the time of writing, Bitcoin is priced at $84,263, raising questions about the future trajectory of the asset as investors await a clear direction. Related Reading: Bitcoin Reverses Losses—Analysts Say $100K Is On The Horizon The Dead Cross: A Signal for a Potential Price Drop? BilalHuseynov, a contributor to CryptoQuant’s QuickTake Platform, has offered valuable insights into Bitcoin’s current market behavior. In his latest post, titled “Will Bitcoin Drop Anymore?”, he sheds light on key on-chain metrics that may help predict the next movement in Bitcoin’s price. His analysis revolves around the behavior of two important metrics: Realized Cap and Thermo Cap, particularly focusing on their recent crossover, which could have significant implications for Bitcoin’s price direction. Huseynov explains that the Realized Cap metric, which tracks Bitcoin’s total value based on its last movement price, gives a more accurate representation of the network’s economic value. On the other hand, Thermo Cap measures the total capital introduced into the BTC network through mining. When Thermo Cap crosses below Realized Cap — known as a “Dead Cross” — it signals that Bitcoin might be heading toward a price decline. Huseynov points out that this situation is unfolding and predicts that BTC’s price could drop to as low as $75,000 if the second Dead Cross materializes. Is The Bitcoin Market Condition Still Healthy? In addition to Huseynov analysis, another CryptoQuant’s analyst Banker has provided insight into the Coin Days Destroyed (CDD) metric, which tracks the movement of long-dormant BTC. Since March 2025, the CDD 60-day moving average has remained low, indicating that long-term holders are not selling their Bitcoin in large quantities. This behavior is often a sign of confidence among seasoned investors, suggesting that they believe in Bitcoin’s long-term potential. Related Reading: Is The Bitcoin Bull Run Over? Watch This Key Price The absence of major CDD spikes indicates that the market is not experiencing extreme price volatility, which could signal a period of consolidation or eventual upward momentum as selling pressure remains low. This development also coincides with recent reports of short-term holders exhibiting less selling pressure after their initial move of taking profits. Decrease in selling pressure by 1-3 month holders “These holders appear to show reduced activity in the market after taking profits from their short-term trades.” – By @CryptoOnchain Read more ⤵️https://t.co/ThyGe7pjPO pic.twitter.com/0minPLfiWM — CryptoQuant.com (@cryptoquant_com) April 1, 2025 Featured image created with DALL-E, Chart from TradingView
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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.
XRP Price May Rally Amid Positive Sentiment and RLUSD Integration in Cross-Border Payments
Ripple’s innovative integration of its RLUSD stablecoin is igniting optimism among investors, with expectations of a substantial XRP price rally ahead. With XRP finding support near the $2 level after NewsBTC
Top Memecoin Buys For Short-Term Gains – Expecting A Bounce Back After The Bloodbath
The recent slump in memecoin values has left many investors wary, yet some coins show potential for quick profits. This article explores which memes might soon rebound, offering an opportunity for short-term gains. Keep reading to discover the top picks expected to surge after the recent market turmoil. Dogecoin Price Analysis: Recent Trends and Key Support and Resistance Levels Over the past month, Dogecoin has seen a decline of 17%, with a significant drop of about 15% in just one week. Despite this short-term weakness, the coin has gained 51% over the last six months, indicating a stronger position in the medium term. Its price history reveals volatility, marked by short-term bearish trends, yet the overall performance shows potential for recovery. Recent movements suggest mixed momentum with notable retracements amid sustained gains. Current prices fluctuate between $0.13 and $0.23, facing key resistance near $0.28 and support around 8 cents. Bearish signals, such as a negative moving average and weakened oscillator readings, indicate short-term challenges. However, traders might consider range trading strategies, particularly looking for bounce opportunities off the support level. Dogwifhat Market Picture: Bears Hold Amid Volatile Trends WIF prices have experienced a steep decline, falling nearly 40% in the last month and about 83% over the past six months. The price action has been erratic, reflecting a market under significant selling pressure and uncertainty. The persistent downward shifts indicate a prolonged bearish phase that has impacted trader sentiment considerably. Currently, prices are fluctuating between $0.28 and $0.67, with immediate support at $0.14 and resistance at $0.93. The indicators and momentum readings reveal that bears are dominant with no clear trend established. Traders may look for opportunities within these price levels, remaining vigilant for potential bounces or further declines near the critical thresholds. Pepe Altcoin: Mixed Trends Amid Market Volatility Over the last month, PEPE remained nearly stagnant with a marginal change of 0.10%. However, the past six months saw a more significant drop of 23.10%. Weekly performance experienced a decline of 15.29%, indicating losses amid a backdrop of market weakness. Price movements show an asset struggling to maintain momentum, reflecting wavering market sentiment without a full recovery. Current price trades between $0.000005 and $0.000009, with resistance at $0.000011 and support at $0.000003. Bears seem to dominate as the moderate RSI of 46.57 and negative momentum suggest caution. Traders should monitor for potential breakouts or shifts before entering new positions. Conclusion DOGE , WIF , and PEPE show potential for short-term gains. They have attracted interest after recent market declines. Dogecoin often reacts well to news and social media buzz. WIF looks promising due to its unique use case. PEPE has shown resilience and could bounce back quickly. Investors might consider these coins for possible quick profits. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. NewsBTC
