Биткоин борется за поддержку, поскольку цена BTC теряет $46K за год до открытия рынка
Bitcoin (BTC) showed signs of recovery from an overnight rout on April 1 after the Ides of March caught up with bulls at the last minute.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Bitcoin faces «pivotal» moment
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $45,500 on April 1’s Wall Street open.
The pair had dipped to near $44,000 into the March monthly close, the pullback fuelled by a combination of macro factors and actions by large-volume wallets.
European stocks suffered on the day, thanks to Russia threatening to cut off gas supplies while a vote by European Union lawmakers to ban «unhosted» wallets further soured the mood.
While failing to spark a deeper retracement towards $40,000, the triggers left Bitcoin short of its all-important yearly open at $46,200 at the time of writing. This, in turn, left the door open for a return of the trading range in force since the beginning of 2022 with the yearly open as its ceiling.
«If we are supposed to go down, I think it’ll happen from here,» trader Crypto Ed summarized alongside a chart showing bullish and bearish continuations.
Quote.
#BTC update from video
If we are supposed to go down, I think it’ll happen from here.
Bullish alternative in blue pic.twitter.com/xfx4euh7RP
— Ed_NL (@Crypto_Ed_NL) April 1, 2022
End of Quote.
For popular Twitter account Material Indicators, short timeframes would be telling for the overall market trajectory.
Bitcoin had exited a rising wedge on the weekly chart, but had nonetheless failed to preserve the 50-week moving average (WMA) as support.
«Bitcoin is in a pivotal position,» it wrote on the day.
Quote.
«Быки» BTC потеряли 50 WMA, но смогли вернуть себе R/S флип над этой структурой. Волатильность сохраняется по обе стороны диапазона. Следим за ретестами».
График BTC/USD. Источник: Material Indicators/ Twitter
Апрель, как известно, не разочаровал
В отличие от марта, апрель является исторически успешным месяцем для биткоина, поэтому в этом году ему есть чем поживиться.
Согласно данным аналитического ресурса Coinglass, BTC/USD никогда не терял более 3. 46% в апреле, а максимальный прирост составил 50%.
График месячной доходности биткоина (скриншот). Источник: Coinglass