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Bitcoin Stuck in Tight Range Amid Mixed Market Signals

Bitcoin remains range-bound between $82,400 and $85,300 as macroeconomic uncertainty, shrinking liquidity, and technical barriers stall price movements.

• Main Points:

  • Conflicting Signals: Bullish news, like Fed policy shifts and pro-crypto legislation, clashes with inflation concerns and trade tensions.

  • Liquidity Issues: Bitcoin trading activity and capital inflows are declining, reducing volatility.

  • Technical Patterns: Bitcoin is forming an ascending triangle, suggesting a potential breakout or breakdown.

  • Upside Target: A breakout could push BTC to $91,965 in April.

  • Downside Risk: A drop below support could send Bitcoin to $77,635.

• Detailed Insights:

  • Macro Uncertainty: US economic policies and trade fears create mixed sentiment.

  • Liquidity Contraction: Exchange inflows have dropped 54%, reducing market activity.

  • Technical Resistance: Bitcoin struggles to break above a key trendline.

  • Possible Breakout: An ascending triangle hints at a move above $91,965.

  • Bearish Scenario: A breakdown could trigger a decline to $77,635.

Related: How to Become a Bitcoin Millionaire

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Dormant Bitcoin Whale Awakens After 8 Years

A long-inactive Bitcoin wallet holding $250 million has suddenly moved funds, sparking speculation and potential market impact.

• Main Points:

  • Massive Transfer: A wallet dormant since 2017, initially worth $3M, is now active.

  • Speculation Rises: The owner may have recovered lost private keys.

  • Whale Activity Peaking: CryptoQuant reports heightened whale transactions.

  • Potential Sell Pressure: IntoTheBlock notes declining whale balances for a year.

  • Market Impact: Bitcoin remains range-bound at $84,334 despite whale movements.

• Detailed Insights:

  • Dormant Wallet Reawakens: $250M in BTC moved after 8 years of inactivity.

  • Historical Trend: Other Satoshi-era wallets also reactivated in 2024.

  • Whale Transfers Surge: $252M BTC moved to an unknown wallet recently.

  • Uncertain Market Reaction: BTC failed to regain bullish momentum.

  • Caution Ahead: Increased whale activity may indicate future volatility.

Related: SEC Crypto Roundtable: Expert Declares Bitcoin Not a Security

Bitcoin Bounces Off Bollinger Bands Bottom—What’s Next?

Bitcoin (BTC) is holding near the lower Bollinger Band for the second consecutive week, signaling potential support and a midterm recovery setup.

• Main Points:

  • BTC Near Support: Price tested and bounced off the lower Bollinger Band twice.

  • Potential Rebound Target: The middle band at $94,300—11.25% above current levels.

  • Market Sentiment: Selling pressure appears to be fading, with buyers stepping in.

  • Slow but Steady: Weekly charts indicate gradual trends, not short-term breakouts.

  • Long-Term Outlook: BTC may be forming a base for a larger move.

• Detailed Insights:

  • Bollinger Bands Context: Outer bands expand with volatility; BTC nearing support.

  • Holding Pattern: No major breakdown, suggesting stability at current levels.

  • Resistance Ahead: Middle band at $94,300 could be the next key level.

  • Midterm Trend Indicator: Weekly candles take time to confirm a bullish shift.

  • Patience Required: Any rally may take weeks rather than days to unfold.

Related: Bitcoin ETFs Rebound With $744M Inflows After Five-Week Slump

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results