Bitcoin Market Structure Repair and Recovery

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Market Recovery: After a brutal February and March, Bitcoin staged a recovery in April with an approximate 11-12% gain, closing at $76,300, indicating improved market structure and enhanced institutional confidence.
ETF Inflows: Bitcoin ETFs recorded significant net inflows for three consecutive weeks, totaling $786 million, $996 million, and $823 million, marking the longest inflow streak of the year and reflecting sustained interest from institutional investors.
Technical Breakthroughs: In mid-April, EMA15 crossed above EMA30 and EMA60, confirming short-term bullish momentum, while a golden cross formed in the third week, indicating a positive shift in market technicals.
Deepening Institutional Participation: Major institutions like Goldman Sachs and Morgan Stanley announced Bitcoin ETF and spot trading services, marking a significant acceleration in the institutionalization of Bitcoin derivatives markets, further attracting institutional investor interest.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 4 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	67519.885	70051.352	73137.065	75668.532	78754.245	81285.712	84371.425
Fibonacci	70051.352	72197.115	73522.77	75668.532	77814.295	79139.95	81285.712

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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