Cathie Wood believes that Bitcoin is a mature asset, which could end the extreme falls of 85% seen in previous cycles. The king of cryptos could therefore have found a market low around $60,000. But the whales are not as optimistic, because according to an Alpharactal indicator, they are building short positions. Will the price of BTC start to rise again this week? Will it correct towards $60,000? We analyze the technical situation of BTC in today’s bulletin!
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Bitcoin price climbs more than 3% in 24 hours
And 45-day ceasefire would be considered between the United States and Iran according to Axios, and the price of Bitcoin takes advantage of this to return to the level of 70 000 $. The price of BTC shows an increase of more than 3% in 24 hoursof 2.6% in one week and of 1.7% in one month :
| Pair | 1H | 24H | 7J | 1M | 3M | 6M |
|---|---|---|---|---|---|---|
 BTC/ETH |
0.09975% | -0.6174% | -1.61% | -5.69% | 11.71% | 18.95% |
 BTC/USDT |
0.2542% | 3.10% | 2.61% | 1.68% | -26.30% | -43.08% |
Performances du Bitcoin face à différentes paires. Source : Coincheckup
And bounce which gives a little air to cryptocurrencies, and in particular to Ethereum qui repasse au-delà des 2 100 $. ETH offers the same luxury of surpass Bitcoin for a month. The BTC/ETH pair is in drop of 1.6% in one week and almost 6% in one month.
Bitcoin price remains stuck below resistance at $73,000
BTC bounced around 70 000 $but the trend remains bearish weekly. In addition, the course is close to a hard zone to pass with the résistance à 73 000 $ and the moving averages (EMA 9/EMA 18) bearish :
In the event of crossing the résistance à 73 000 $the price could join the next résistance à 90 000 $. But if sellers are stronger than buyers, BTC could block around $73,000 et fall towards $60,000.
The momentum indicator RSI is in full reboundbut it remains part of a feverish trend for several months. THE momentum is bearish For now.
The price of BTC must cross $71,000 in 4 hours
In 4H time unit, the price of Bitcoin managed to keep the $65,000 and he climbs towards the résistance à 71 000 $. This is a technical threshold that has held the price since March 20. And a breakthrough of this level could lead to a increase towards $76,500 :
If the price weakens, it could return to $65,000. It will then be necessary to defend this support to avoid a further fall towards the 60 000 $. For its part, the RSI is evolving upwards, which indicates that the momentum is to the advantage of buyers a 4H.
The price of Bitcoin begins the week with a rebound, but it remains below resistance in 4H and weekly. BTC is still in a delicate situation, even if it manages to stay above $65,000. And according to Michael Burry, a major crisis could arrive.
BITCOIN NEWS THAT COUNTS
- Bitcoin cycles are evolving: corrections are less violent, a sign of a more mature market supported by institutional adoption.
SUIVI PORTEFEUILLE STEADY LADS 100 000$
Allocation as of 06.04.26:
💵 Stablecoins : 68 % — 💰 Cryptos : 32 %
Following a stop loss executed in profit, Cara further reduced the exposure. The recent decline has made it possible to secure gains and lighten the portfolio. The portfolio now remains cautiously positioned, awaiting a new setup.
📠Follow in real time the complete evolution of Cara’s portfolio and decisions on Steady Lads
