Bitcoin Enters ’Ideal Buy Zone’ Despite Recent Market Turbulence
As the cryptocurrency market continues to experience volatility, an analyst has identified a potential buying opportunity for Bitcoin.
Analyst Says Bitcoin Price Has Entered The ‘Ideal Buy Zone’
Bitcoin has taken a hard hit over the past 48 hours, dropping to a low of $81,332 following a global market shock triggered by Donald Trump’s announcement of sweeping tariffs on imports. This policy shift sent tremors across both traditional and crypto markets, dragging down Bitcoin alongside the S&P 500. Despite the turbulence, an analyst on TradingView believes Bitcoin has now reached the ’ideal buy zone’ based on the hourly bullish structure, indicating that the recent decline is a reasonable correction.
Bitcoin (BTC) Stalls Above $80,000 as Whales Stay on the Sidelines
Bitcoin (BTC) is trading near key support and resistance levels, with technical charts offering a mixed outlook. The number of Bitcoin whales, wallets holding between 1,000 and 10,000 BTC, has remained stable since March 24, suggesting that major players are neither aggressively accumulating nor offloading their positions. This stability is noteworthy given recent market volatility.
Bitcoin’s Most Critical Support Level At $69,000
Bitcoin made a strong start to April, reaching $87,000 on April 2 but dropped below $84,000 by April 4. Compared to the altcoin market and US equities market, Bitcoin has shown resilience following new trade tariff announcements by President Trump, suggesting the bull cycle might not be over. Crypto analyst Burak Kesmeci analyzed the Bitcoin market and highlighted $69,000 as a critical support level.
Bitcoin ATM Scams on the Rise in North Dakota
According to several reports from Stanley County, the Sheriff’s Office has received over 30 reports of suspicious phone calls in the last few days. Callers inform residents of a $2,000 arrest warrant and instruct them to visit local convenience stores to send money using digital assets like Bitcoin via Bitcoin ATMs. The Chief Deputy of the Stanley County Sheriff’s Office, Greg Swanson, noted that criminals use scare tactics, keeping victims on the phone while they operate the Bitcoin machine.
Bitcoin Taker Buy Volume Spikes; BTC Price in Focus
On Thursday, April 3, United States President Donald Trump announced new trade tariffs. While the US financial markets reacted negatively, the crypto and Bitcoin markets withstood the pressure. According to CoinGecko, Bitcoin’s price has been relatively stable over the last seven days, but it did make a move towards the $87,000 mark on April 2 before falling back to around $84,000. Market participants and speculators are closely watching the price of Bitcoin.
