{"id":4214,"date":"2025-04-21T05:00:33","date_gmt":"2025-04-21T05:00:33","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-bull-market-remains-intact-unless-this-support-breaks-analyst\/"},"modified":"2025-04-21T05:00:33","modified_gmt":"2025-04-21T05:00:33","slug":"bitcoin-bull-market-remains-intact-unless-this-support-breaks-analyst","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-bull-market-remains-intact-unless-this-support-breaks-analyst\/","title":{"rendered":"Bitcoin Bull Market Remains Intact Unless This Support Breaks \u2013 Analyst"},"content":{"rendered":"

Popular crypto analyst Tony Severino has shared a bold take on the current Bitcoin (BTC) market structure. The chartered market technician has stated that the Bitcoin bull market remains active unless the price falls below a specific level.\u00a0<\/p>\n

Notably, Bitcoin saw a heavy correction after hitting a peak price of $109,000 in January. Over the last three months, the premier cryptocurrency has traded as low as $74,000, representing a devaluation of over 32.5%. Although there has been a notable price bounce in April, an ever-present market uncertainty means speculation remains abound on the viability of the present bull cycle.\n<\/p>\n

$49,000 As Key Price Level For Bitcoin – Here’s Why<\/strong><\/h2>\n

In an X post<\/a> on April 18, Severino has identified the $49,000 price region as the make-or-break zone for the Bitcoin market.\u00a0 With the help of a weekly trading chart, Severino highlights that Bitcoin remains on an ascending trendline stretching as far back as Q3 2023.\u00a0<\/p>\n

An ascending trendline represents a sustained uptrend in price action, typically confirmed by the formation of successive higher highs and higher lows. It typically demonstrates a persistent buying pressure and sufficient underlying demand, thus ensuring a prolonged price rally.<\/p>\n

Generally, the higher lows reflect the strength of an ascending trend. Therefore, any fall below the previous higher low undermines the bullish momentum and indicates a likely change in market sentiment.<\/p>\n

 <\/p>\n

\"Bitcoin\"<\/p>\n

According to Severino\u2019s chart, the last higher low on Bitcoin\u2019s ascending trendline stands at $49,140. Therefore, this level represents a key support region, any price fall below which would invalidate the present bull run and signal a new market cycle.\u00a0<\/p>\n

At the time of writing, Bitcoin remains in consolidation trading between $83,000 and $86,000 as seen over the past week. The market appears to be finding stability with accumulation now on the rise.\u00a0<\/p>\n

Amid the US 90-day pause on new tariffs, the likelihood of a sharp downside catalyst is relatively low. However, the potential for a decisive price breakout remains uncertain, as broader market sentiment continues to face key resistance barriers at $86,000 and $91,000 price regions.\n<\/p>\n

Bitcoin Price Forecast<\/strong><\/h2>\n

At press time, Bitcoin is trading at $85,312, reflecting a price gain of 0.91% in 24 hours. Interestingly, the asset\u2019s trading volume is up 19.77% and valued at $15.26 billion.<\/p>\n

According to price prediction firm Coincodex<\/a>, market sentiment among investors is neutral. However, there remains a significant level of caution with the Fear & Greed Index standing at 37. In forecasting Bitcoin fortunes, Coincodex anticipates a full bullish market reversal with projections of $108,296 in five days and $111,236 in a month.<\/p>\n

\"Bitcoin\"
\nFeatured image from Adobe Stock, chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

Popular crypto analyst Tony Severino has shared a bold take on the current Bitcoin (BTC) market structure. The chartered market technician has stated that the Bitcoin bull market remains active unless the price falls below a specific level.\u00a0 Notably, Bitcoin saw a heavy correction after hitting a peak price of $109,000 in January. Over the…<\/p>\n","protected":false},"author":1,"featured_media":4215,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,2194,923,35,36,1500],"class_list":["post-4214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-bull-market","tag-bitcoin-price-support","tag-btcusd","tag-btcusdt","tag-tony-severino"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=4214"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4215"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}