If BTC does lose the golden pocket here at $81K and follows through with that measured move target, then the $70K–$73K range … would be the Measured Move’ target.” Still, Kevin posits that, given widespread negative sentiment around April 2 ("Armageddon Day” in some corners of the media), there is a possibility of a contrarian twist: "Will the Tariff implementation on April 2nd be a rare sell the rumor buy the news event’? … Everyone thinks the world is suddenly going to end.” Related Reading: Bitcoin Short-Term Holders In Extreme Panic And Fear — What This Means He also added: "A little bit of long liquidity at the $78K-$80K level but a lot of juice in the $87K-$89K (Dark Yellow) range for market makers to transact in right before the CNBC proclaimed “Armageddon Day” on April 2nd.Makes me wonder.” #4 Seasoned Players Accumulate From an on-chain perspective, Axel Adler Jr, an analyst at CryptoQuant, observes that experienced market participants are moving into a new accumulation phase.
Drawing from the Value Days Destroyed (VDD) indicator, Adler identifies a series of four distinct accumulation periods since early 2023, marking the current cycle as ripe for potential long-term upside: "The absence of significant selling in the current phase demonstrates the confidence of these experienced players that the current BTC price level is not favorable for profit-taking.” Adler underlines that historical data shows low VDD periods often precede price increases, suggesting a bullish medium-term outlook—provided macro factors, including global economic policy shifts, do not derail market sentiment.#5 CME Gap Lastly, traders need to watch the CME (Chicago Mercantile Exchange) gap formation, which has been a notable feature in Bitcoin’s price action.
While acknowledging BTC could still go lower, he underlined the whale’s apparent commitment to accumulating at current levels: "In the grand scheme of things, none of this means BTC price can’t go lower, but it does mean that the whale that has been suppressing BTC price for the last 3 weeks is using a DCA strategy to buy this dip…and so am I.” #3 Bitcoin Bearish Flag Breakdown Technical analyst Kevin (@Kev_Capital_TA) is warning traders to keep a close eye on pivotal support levels following a bearish flag breakdown: "We were tracking this bearish flag pattern all last week and as we can see we had a breakdown of that weakness.
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