Main notes
- Bitcoin can rise above the price level of $ 200,000 in the near future, according to Mayer.
- On Wednesday, Spot US BTC ETF witnessed $ 127.2 million in net external flows, according to Sosovalue.
- Cio Matt Hougan BitWise still insists on the fact that Bitcoin will rise to $ 200,000 by the end of the year.
Bitcoin (BTC) show renewable signs of strength, as it turns sharply after a volatile start for this week while eliminating billions of the maximum Crypto Global market.
The largest encrypted currency by evaluation reached the highest daily level of $ 83,541, and at the time of the press, it was circulated at 81,671.81 dollars, which represents an increase of 6 % in the past 24 hours.
28.90 % in the trading volume indicates a 20 -day Si -moving average test (EMA) at $ 82,630, a critical resistance level. A break above this area can indicate the return of the bullish momentum.
Multiple hints from Mayer at the highest market 208 thousand dollars
The encryption analyst, Ali Martinez recently, referred to Mayer Mostle, a long -term evaluation scale that compares the BTC price to the moving average for 200 days.
Based on the double of Mayer, #Bitcoin $ BTC You can find strong support about $ 69,500. It may exceed 86,900 dollars from $ 86,900, which may pave the way for the highest market near 208,550 dollars. pic.twitter.com/aolk9f4Vri
Ali (ali_charts) April 10, 2025
His plan explains that Bitcoin is close to the penetration threshold of historical importance. It illustrates the previous bulls as the bitcoin gathered greatly after a fracture above the scope of the upper oscillator (2.4x 200dma). BTC is currently approaching that band again, which has often preceded equivalent movements.
BTC price analysis
Looking at the short -term momentum, Bitcoin is traded below the upper range of Bollenger Bands (BB) on the daily chart, where the ranges currently extend between $ 77,530 and 8922 dollars.
BTC is very close to the middle range (20-SMA at $ 83,376), which is closely corresponding to EMA for 20 days. If Bitcoin is closed above this level and maintains a size, he may try another move towards the upper BB resistance near $ 89,200.
Bitcoin price scheme Source: TradingView
On the other hand, the RSI is currently at 46.72, indicating a neutral momentum. However, its last height of the sales lands indicates the formation of a potential upward reversal.
If the RSI crosses above 50, it may indicate the renewal of interest in buying.
ETF external flows and upward forecasts
Despite the high prices, the instant bitcoin points listed in the United States Continue trying out the external flows.
On Wednesday, money witnessed $ 127.2 million of external flows, as IBIT from Blackrock lost $ 89.7 million alone. This represents the fifth consecutive day of external flows, with a total of $ 722 million.
However, add fuel to the bullish fire, BitWise Cio Matt He reaffirmed the goal of its price at the end of the year, which is $ 200,000 to Bitcoin.
Despite the increasing commercial tensions and outputs of ETF, Hogan argues that the Trump administration tariff, stopping and paying for the weakest US dollar can stimulate Bitcoin.
The most prominent comments from Steve Miran of the Economic House of Economists at the White HouseWhich criticized the role of the dollar as a global backup currency.
If the United States continues to weaken Greenback, Bitcoin may benefit from its reverse association with the US dollar index (DXY).
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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