Bitcoin’s surprise to USD 81,180 – which was affected by false news about the break at American tariffs – almost evaporated after confirming the White House that 104% of the tariffs on China would start on April 9.
S&P 500 profits inside the day are a confirmation of the tariff in the White House. Source: List X / Kobeissi
After a fall below $ 75,000, for the first time from November 6, 2024, BTC again tested the key demand zone that hopes that traders will provide a unthreatening haven for bulls.
Sheltered Haven is a difference in fair value from 77,000 to 73 400 USD, and this zone was created during the Trump pump from November 2024.
Daily BTC/USD chart. Source: Cointelegraph/TradingView
The founder of Mn Capital Michael Van de Poppe had earlier confirmed This Bitcoin had to move this zone “before returning up.”
“Bitcoin attacker $ 80,000 is a strong sign” he said Van de poppe in another post x April 8, adding:
“I don’t know if we will have another drop or we saw it all.”
Daily BTC/USD chart. Source: Michael van de poppe
Colleague analyst Jelle shared similar moods, saying Closing Bitcoin above $ 79,000 on April 7 after a decrease even 74,400 USD was impressive compared to the actions of the shares.
“Waiting for dust will decide – expecting the price to rise when it happens.”
Related: Bitcoin can compete with gold as an inflation security in the next decade – Adam returned
Bitcoin’s long -term activity spells.
Data from Onchain Analytics Cryptoquant platform now show that long-term owners (LTH) -oses and entities that have Bitcoins have been preparing for over 155 years-to prepare for the sale of their coins, especially after the last disaster.
Damaged exchange days (CDD) measures the volume of bitcoins transferred to the stock exchanges, weighted by how long these coins were dormant, which indicates the potential pressure of sales from long -term owners.
In this record there was a huge boost on April 7, signaling that venerable coins are waking up, which is historically bear.
The chart published by the Kryptochant collaborator, IT Tech, in one of your “Rapid“Blog posts have shown that when the record increased on April 2, the Bitcoins price dropped from USD 88,000 to USD 81,000.
A similar jump was observed on March 27, preceding a 7% drop in price within two days.
On April 7, noticing a similar jump, the analyst wondered if “long -term Bitcoin owners preparing to sell again?”
Bitcoin: Exchange inflow cdd. Source: Cryptoquant
If the story repeats, Bitcoin’s sale can last a few more days, and the highest of all time in March 2024 offers the first line of defense.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
