Bitcoin’s Secret Weaknesses Exposed!!!
bitcoin-usd/”>BITCOIN‘S SECRET WEAKNESSES EXPOSED!!! 🤑💸
Oh dear, oh dear, oh dear. It seems the Bitcoin party has come to an end. The bears are back in town, and they’re not exactly the life of the party. The market is in a bit of a pickle, and the poor old Bitcoin is struggling to stay afloat. But fear not, dear readers, for we have some good news! Or is it? 🤔
According to the wise folks at Santiment, the S&P 500 and global stock markets are having a bit of a meltdown. The S&P 500, in particular, has taken a bit of a tumble, falling to $5,580 – its lowest level since mid-March. But, and this is a big but, Bitcoin has managed to close the week with a modest gain of +0.4%. Yes, you heard that right, a whole 0.4%! 🎉
Now, you might be thinking, “But what about the 4-hour chart? What’s going on there?” Ah, my curious reader, it seems that Bitcoin has shown a bit of strength following the stock market’s weekly close. A subtle divergence, they call it. But don’t worry, it’s not like it’s a big deal or anything. 😊
Bitcoin Shows Strength As Price Diverges From Falling Equities
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A key signal of crypto’s subtle strength is Bitcoin’s mild 4-hour rebound following the stock market’s weekly close. This decoupling from equities, while still early, could point to growing trust in digital assets as independent stores of value. In past cycles, especially in 2022, Bitcoin closely mirrored stock market movements. Now, that correlation may be weakening.
These price patterns offer a cautiously bullish sign. When digital assets begin to show strength during periods of global instability – particularly outside traditional trading hours – it suggests growing confidence in their long-term utility. If global markets begin to stabilize or recover, Bitcoin may already be positioned for a stronger move upward, supported by institutional investors who see the current weakness as a long-term accumulation opportunity. For now, bulls must step up to reclaim key levels and confirm the start of a recovery trend.
Price Action Details: Levels To Hold
Bitcoin is currently trading at $83,800 after several days of consolidation below the key $90,000 resistance level. Despite holding above short-term support, bulls have yet to regain meaningful control of the trend. Momentum has faded, and the longer BTC remains below $85,500 – the 200-day moving average (MA) – the more vulnerable the market becomes.
Reclaiming the 200-day MA is now critical. A move back above this level would signal renewed strength and could ignite a recovery rally toward the $89K–$91K resistance zone. Without it, the current consolidation risks turning into a continuation of the broader downtrend.
Meanwhile, downside pressure continues to build. If BTC fails to hold the $82,000 support zone, a dramatic drop could follow. Losing that level would likely trigger stop-losses and panic selling, pushing Bitcoin toward lower demand zones and potentially below the $80,000 mark.
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2025-03-29 12:13