Though technical and macroeconomic pressures are starting to build, Bitcoin has been maintaining key levels. After several unsuccessful attempts to break above the 200 EMA, which is located around $85,344, Bitcoin is currently exhibiting signs of weakness at $82,870. A flattening RSI and a narrowing range between short-term moving averages are affecting the asset, suggesting that traders are becoming more unsure. The performance over the weekend was comparatively flat, but Monday might see some volatility.
BTC/USDT Chart by TradingView
The market is preparing for the United States to impose new trading tariffs, which are anticipated to put more strain on risk assets and international stocks. As trade tensions rise, investors may seek safer havens, which could result in capital outflows from Bitcoin, which is frequently seen as a speculative vehicle in uncertain times. In the event that selling pressure increases, Bitcoin could lose support at $82,000, opening the way to $78,000.
Bears may target the $72,000 zone, a psychologically significant threshold and previous consolidation area, if that level also breaks. This level of breakdown would represent one of the steepest corrections in Bitcoin's history, representing a nearly 15% drop from current prices. There are indications of weakness in volume as well.
HOT Stories ETH/BTC Collapses Below 0.02 Bloomberg Veteran Shares Fascinating Observation About XRP and Bitcoin Is Bitcoin (BTC) Headed for $72,000? Dogecoin (DOGE) Price Hit Critical Support, Shiba Inu's (SHIB) Whales Take Control? Shorting Bitcoin Will Be Best Bear Market Play, Veteran Economist Says
Doubts have been raised regarding the sustainability of any near-term bounce because recent buying activity has not been accompanied by strong volume support despite prior surges. The RSI is currently at 44, indicating that there may be space for one more decline before oversold conditions are reached.
Dogecoin on way to last support
Dogecoin, which is having difficulty staying above the $0.16 threshold, is exhibiting more and more signs of weakness. Despite a generally stable market, the meme coin has not been able to gain traction, and all indicators now suggest that the $0.14 support level — the last meaningful level of defense for DOGE before more downside could occur — will probably be retested.
At $0.1646, DOGE is currently showing a persistent downward trend since its February peak, having fallen more than 2.5% in the past day. The asset has repeatedly been rejected at the $0.20 resistance level, but it has never been able to break through and maintain a meaningful rally. Momentum is unmistakably in favor of sellers as volume fades and RSI indicators approach oversold territory.
Related
Sun, 04/06/2025 - 12:08 Bitcoin (BTC) Storm Approaching: Volatility Gets Ready
Arman Shirinyan
More significantly, Dogecoin is now acting as resistance rather than support after breaking below both its 50-day and 100-day EMAs. The 200 EMA, which is frequently used as a trend confirmation line, is still significantly above the current price at $0.22, which supports the general bearish outlook. The three support levels at $0.20, $0.17 and $0.14 that are indicated on the chart are now crucial. The first two are currently under a lot of pressure or have already been compromised.
As short-term holders' confidence wanes, the asset may see accelerated selling if the $0.14 level is broken. Over the next few days traders and investors should closely monitor volume trends and the general sentiment surrounding cryptocurrencies. Dogecoin may be entering uncharted bearish territory if it doesn't see a strong rebound.
Shiba Inu gives up
Shiba Inu's price is currently trading at about $0.00001210, a 1.94% daily decline, and it is still perilously close to important support levels. The meme-based token is exhibiting signs of weakness, but on-chain data suggests that a small group of powerful holders or whales may hold the key to its future. Technically speaking, SHIB is still in a downward trend and is trading below its heavy resistance 50, 100 and 200 EMA lines.
After several tests since early March, the next obvious support is located at about $0.000011. If this level is broken, there may be a steep decline toward uncharted territory close to $0.000010. The low and primarily red volume indicates a decline in interest and a rise in selling pressure. A relief bounce could be triggered by the Relative Strength Index (RSI) approaching oversold territory once more at about 40.5.
Related
Sun, 04/06/2025 - 11:50 Top Ripple Exec Claims He Sold Stocks to Harvest Losses
Alex Dovbnya
That scenario is unlikely to occur though unless there is a surge in purchasing activity. Shiba Inu's on-chain activity is where the true power dynamic is found. According to data, a small number of whale addresses hold more than 70% of SHIB's entire supply, which poses a serious risk. SHIB may experience a liquidity crisis if these whales start to offload, which would quickly drive the price down.
On the other hand, a sharp decline may be avoided if whales accumulate or stagnate. Particularly in the Shibarium ecosystem, SHIB's devoted community and utility development are its strongest points. But SHIB will continue to be vulnerable to abrupt volatility until whale dominance subsides and wider adoption broadens the holder base.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
