{"id":127024,"date":"2025-04-11T18:21:37","date_gmt":"2025-04-11T18:21:37","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127024"},"modified":"2025-04-11T18:21:37","modified_gmt":"2025-04-11T18:21:37","slug":"bitcoin-sellers-tap-out-clearing-the-path-for-a-fresh-run-at-new-all-time-highs","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127024","title":{"rendered":"Bitcoin sellers tap out, clearing the path for a fresh run at new all-time highs"},"content":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) price has rebounded by over 11% from the April. 7 low of $74,400, and analysts believe that onchain and technical indicators point to a sustained recovery.
\nAccording to popular analyst AlphaBTC, Bitcoin will see a sustained recovery if it holds above $81,500.
\nBitcoin price reclaimed the $80,000 psychological level after retesting the \u201cweekly open and filling in some of the inefficiency left by the Trump 90-day pause pump,\u201d the analyst said in an April 10 post.
\n\u201cI really want to see it back above 81.5k soon, and we may see a bit more sustained upside as shorts get squeezed.\u201d
\nBTC\/USD four-hour chart. Source: AlphaBTCSimilar sentiments were shared by fellow analyst Rekt Capital, who said that Bitcoin needs to produce a weekly close above $80,500 to increase the chances of recovery.
\n\u201cBitcoin has recently lost the red Weekly level, just confirming BTC isn’t out of the woods yet,\u201d Rekt Capital said in an April Post on X.\u00a0
\n\u201c$BTC needs to stay above red until the Weekly Close for the price to reclaim this Weekly level as support.\u201d
\nBTC\/USD weekly chart. Source: Rekt CapitalBitcoin price recovery could be fueled by \u201cseller exhaustion\u201d
\nBitcoin investors are approaching a degree of \u201cnear-term seller exhaustion,\u201d as evidenced by the reduced magnitude of realized losses, according to onchain data from Glassnode.\u00a0
\nLooking at the 6-hour rolling window for realized losses, the market intelligence firm found that the magnitude of losses realized during these drawdowns has started to decrease with each successive price leg lower.
\n\u201cBear markets are typically initiated by periods of heightened fear and substantial losses,\u201d Glassnode said in its latest Week On-chain report.\u00a0
\n\u201cThis suggests a form of near-term seller-exhaustion may be starting to develop within this price range.\u201d
\nBitcoin: 6-hour rolling losses. Source: GlassnodeRelated: Is Bitcoin price going to crash again?
\nBollinger Bands and W bottom hint at new price highs
\nAfter hitting a five-month low of $74,400 on April 9, Bitcoin retested the lower boundary of the Bollinger Bands (BB) indicator, a line that has supported the price over the last five weeks, data from Cointelegraph Markets Pro and TradingView shows.
\nBTC\/USD weekly chart with Bollinger Bands. Source: John Bollinger\/TradingViewThis is an encouraging sign from Bitcoin, according to the creator of the Bollinger Bands volatility indicator, John Bollinger. The Bollinger Bands indicator uses standard deviation around a simple moving average to determine both likely price ranges and volatility.
\nBollinger said that Bitcoin price could be forming the second low of a W-shaped pattern formation \u2014 a double-pronged bottom followed by an exit to the upside \u2014 on the weekly chart.
\n\u201cClassic Bollinger Band W bottom setting up in $BTCUSD,\u201d Bollinger commented alongside a chart, adding that the pattern \u201cstill needs confirmation.\u201d
\nIn this situation, Bitcoin\u2019s drop to $76,600 on March 11 was the first bottom, and the recent drop to $74,400 was the second.
\nIf confirmed, BTC price could recover from the current levels first toward the neckline of the W-shaped pattern at $88,800 before rising toward the target of the prevailing chart pattern at $106,000.
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBitcoin (BTC) price has rebounded by over 11% from the April. 7 low of $74,400, and analysts believe that onchain and technical indicators point to a sustained recovery.… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127024"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127024"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127024\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127024"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}