News View Non-AMP

Bitcoin Price Still Remains Bullish Despite Bears Having The Control Over The Rally!

Published by
Sara K

The weekends appear to be completely bearish for the crypto space nowadays. The asset tend to shed huge gains during these times. Currently, the space witnessed yet another March 2020 or May 2021-type crash. Bitcoin price for the first time in the past couple of months slashed below $50K and currently hovering in the same region. Despite huge bearish sentiments, yet BTC price may rebound to smash local high soon. 

The crash arrived all of sudden while many expected a healthy weakend ahead. But still, most of them believe that the current dip may not be the end of bull market. Bitcoin is still testing one of the crucial areas and a notable boost may reinstall the bull rally yet again. And hence the market might have had it’s reset and currently it’s the time to push back. However, the key levels to hold is around $40K to keep bullish trend intact as per a popular analyst.

The analyst, il Capo Of NOIA, says the $40K levels are pretty crucial to maintain with a notable uptrend. The asset is expected to rebound before visiting these levels and undergo a decent uptrend towards the target set at $100K. However, on the contrary, the uptrend may be invalidated if the price slides below $40K and if it further plunges below $30K, the bull market may be over. 

Collectively, the current crash no doubt may have squeezed a lot of gains yet the possibilities of a substantial uptrend are still alive. The BTC price has marked 2 highs and 2 lows in the same year manifesting its strength during diverse market sentiments. And therefore, the loss from the current sell-off’s may also be recovered within few days.  

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

Recent Posts

House Committee Approves STABLE Act – What’s Next for Crypto?

Following a 13-hour debate, the U.S. House Financial Services Committee has passed the STABLE Act…

April 3, 2025

Trump’s Tariff ‘Liberation Day’ SHOCKS the World – Bitcoin Ready to Explode?

Yesterday, the US government imposed reciprocal tariffs on some of its prominent trade partners, including…

April 3, 2025

Ripple XRP News: RLUSD Minting Hits $100M As Demand Soars

Ripple USD (RLUSD) has seen a huge boost, with over $100 million issued since April…

April 3, 2025

EOS, Story, & Litecoin Surge As Markets Consolidate—Here’s What’s Next for These Altcoins

Since the inauguration of the new president of the US, the markets have remained highly…

April 3, 2025

Top 10 Solana Blockchain APIs for Developers

With the introduction of easy memecoin generation, Solana took off last January post pumpfun launch…

April 3, 2025

U.S. House Passes STABLE Act: Trump’s Stablecoin Ties Spark Debate

The U.S. House Financial Services Committee has pushed forward the STABLE Act, a major step…

April 3, 2025