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The price of bitcoin seems to have resumed its trajectory down after briefly Recover $ 87,000 Earlier this week. At the time of writing the writing moment, Bitcoin experienced a decrease of 5.7% in the last 24 hours, which makes its price significantly lower than recent peaks.
Currently, BTC is down approximately 24.7% compared to its summit of all time recorded above $ 109,000 in January, highlighting the continuous pressure pressure on the market.
While Bitcoin continues to navigate Turbulent market conditionsAnalysts pay particular attention to various indicators to predict the next decision of the assets.
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Taurus score index and expendable exit band indicator
Cryptoque analyst Julio Moreno recently highlighted The importance of the cryptocurrency bull score, a tool designed to measure the feeling of the Bitcoin market.
According to Moreno, the Taurus score index has flashing down lower signals – the 40 -year -old critical threshold – since Bitcoin exchanged about $ 96,000. Currently, the index has dropped even more, reaching a remarkably low level of 10, indicating seriously lower market conditions.
The bull score index is a metric developed to quantify the bull’s bull or lowering of the bitcoin market. The scores closer to 100 indicate very bullish feelingSuggesting a strong dynamic of purchase, while the scores approaching 0 indicate extremely lower conditions, with significant sales pressure and a negative feeling on the market.
The index now at 10 years old, investors’ confidence seems notably weakened, pointing towards short -term caution. Add to these Damage signalsAnother cryptocurrency analyst, Marketway, reported An increased activity among older BTC holders, known as “exit exit bands”.
This indicator measures the age of bitcoin which is actively moved or treated. When a large volume of older parts (coins held for several years) is moved, it generally suggests that long -term holders could prepare to sell.
1,057 Bitcoin who had not moved into 7 to 10 years woke up.
Long -term holders can prepare to sell. https://t.co/a6i7mo3ljx
– cryptotics.com (@cryptoquant_com) April 3, 2025
Maartunn noted that more than 1,057 BTC aged 7 to 10 had recently moved, pushing this indicator above the critical threshold 50, which means a potential increase in the sales pressure of long-term investors.
Contrasting views from technical indicators
Despite these lowering warnings, some analysts remain optimistic about potential short -term Bitcoin performance. Crypto analyst Javon Marks has pointed The relative resistance index (RSI), an indicator of Momentum which measures the speed and the change of recent price movements, to justify its upward position.
An escape in the RSI generally points out An increasing bullish momentum and could precede significant price increases. According to Marks, the Daily RSI of Bitcoin recently held its level of rupture, similar to the previous bullish events which historically preceded significant rise movements.
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However, another analyst known as Titan of Crypto issuing A score note. Titan underlined that Bitcoin must maintain its position in a key support channel and maintain the weekly RSI above important support levels to avoid a new correction.
If Bitcoin does not hold these levels, Titan predicts that a dealer slowdown in the market could ensue, causing additional challenges to merchants and investors.
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