{"id":22164,"date":"2025-04-20T16:30:40","date_gmt":"2025-04-20T16:30:40","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-bull-market-remains-intact-unless-this-support-breaks-analyst\/"},"modified":"2025-04-20T16:30:40","modified_gmt":"2025-04-20T16:30:40","slug":"bitcoin-bull-market-remains-intact-unless-this-support-breaks-analyst","status":"publish","type":"post","link":"https:\/\/cryptd.in\/tr\/bitcoin-bull-market-remains-intact-unless-this-support-breaks-analyst\/","title":{"rendered":"Bitcoin Bull Market Remains Intact Unless This Support Breaks \u2013 Analyst"},"content":{"rendered":"<p>Popular crypto analyst Tony Severino has shared a bold take on the current Bitcoin (BTC) market structure. The chartered market technician has stated that the Bitcoin bull market remains active unless the price falls below a specific level.\u00a0<\/p>\n<p>Notably, Bitcoin saw a heavy correction after hitting a peak price of $109,000 in January. Over the last three months, the premier cryptocurrency has traded as low as $74,000, representing a devaluation of over 32.5%. Although there has been a notable price bounce in April, an ever-present market uncertainty means speculation remains abound on the viability of the present bull cycle.\n<\/p>\n<h2><strong>$49,000 As Key Price Level For Bitcoin \u2013 Here\u2019s Why<\/strong><\/h2>\n<p>In an<a href=\"https:\/\/x.com\/TonyTheBullCMT\/status\/1913567580628955232\" target=\"_blank\" rel=\"noopener nofollow\"> X g\u00f6nderi<\/a> on April 18, Severino has identified the $49,000 price region as the make-or-break zone for the Bitcoin market.\u00a0 With the help of a weekly trading chart, Severino highlights that Bitcoin remains on an ascending trendline stretching as far back as Q3 2023.\u00a0<\/p>\n<p>An ascending trendline represents a sustained uptrend in price action, typically confirmed by the formation of successive higher highs and higher lows. It typically demonstrates a persistent buying pressure and sufficient underlying demand, thus ensuring a prolonged price rally.<\/p>\n<p>Generally, the higher lows reflect the strength of an ascending trend. Therefore, any fall below the previous higher low undermines the bullish momentum and indicates a likely change in market sentiment.<\/p>\n<p>\u00a0<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/Go5bksqXsAEt7ZL?format=jpg&amp;name=large\" alt=\"Bitcoin\" width=\"2048\" height=\"1248\" loading=\"lazy\" \/><\/p>\n<p>According to Severino\u2019s chart, the last higher low on Bitcoin\u2019s ascending trendline stands at $49,140. Therefore, this level represents a key support region, any price fall below which would invalidate the present bull run and signal a new market cycle.\u00a0<\/p>\n<p>At the time of writing, Bitcoin remains in consolidation trading between $83,000 and $86,000 as seen over the past week. The market appears to be finding stability with accumulation now on the rise.\u00a0<\/p>\n<p>Amid the US <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/tariff-to-push-bitcoin-to-100000\/\" target=\"_blank\" rel=\"noopener \">90-day pause on new tariffs<\/a>, the likelihood of a sharp downside catalyst is relatively low. However, the potential for a decisive price breakout remains uncertain, as broader market sentiment continues to face key resistance barriers at $86,000 and<a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-faces-critical-resistance-at-91000-as-short-term-holders-hover-at-break-even\/\" target=\"_blank\" rel=\"noopener \"> $91,000 price regions.<\/a>\n<\/p>\n<h2><strong>Bitcoin Price Forecast<\/strong><\/h2>\n<p>At press time, Bitcoin is trading at $85,312, reflecting a price gain of 0.91% in 24 hours. Interestingly, the asset\u2019s trading volume is up 19.77% and valued at $15.26 billion.<\/p>\n<p>According to price prediction firm <a href=\"https:\/\/coincodex.com\/crypto\/bitcoin\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\">Coincodex<\/a>, market sentiment among investors is neutral. However, there remains a significant level of caution with the Fear &amp; Greed Index standing at 37. In forecasting Bitcoin fortunes, Coincodex anticipates a full bullish market reversal with projections of $108,296 in five days and $111,236 in a month.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/ChQNTDtq\/\" alt=\"Bitcoin\" width=\"1563\" height=\"893\" loading=\"lazy\" \/><br \/>\nFeatured image from Adobe Stock, chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":"<p>Popular crypto analyst Tony Severino has shared a bold take on the current Bitcoin (BTC) market structure. The chartered market technician has stated that the Bitcoin bull market remains active unless the price falls below a specific level.\u00a0 Notably, Bitcoin saw a heavy correction after hitting a peak price of $109,000 in January. Over the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Bull Market Remains Intact Unless This Support Breaks \u2013 Analyst - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/tr\/bitcoin-bull-market-remains-intact-unless-this-support-breaks-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bull Market Remains Intact Unless This Support Breaks \u2013 Analyst - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Popular crypto analyst Tony Severino has shared a bold take on the current Bitcoin (BTC) market structure. 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