The most critical level of bitcoin support at $ 69,000 – EVO Why – TradingView News

The price of Bitcoin made a strong beginning of the month of April, reaching as much as $ 87,000 on Wednesday, 2. April, it could not endure this dazzling momentum, fell below $ 84,000 in late for hours on Friday, April 4. April.

However, the BTC price is relatively stable compared to the Altcoin market and the American shares after the announcement of new trading tariffs by the President of the United States Donald Trump. This resistance show has strengthened the idea that the cycle cycle may not be finished yet.

Why the bitcoin price must remain above $ 69,000

In QuickTake on the CRIPTOKUANT CRIPTO Analyst, Burak Kesmeci analyzed the Bitcoin market in relation to the decline that affects the broader financial markets. The analyst offered insight into the most critical level of support if the premier cryptocurrency of the witness is similar to fall.

Kesmeci marked “Bitcoin ETF site realized the price” as a key metric to view if the price of BTC succumbs to the bear. As his name suggests, the Bitcoin ETF realized point indicator measures the average price on which every stock exchange fund is to run Bitcoin.

According to Kesmeci, the average purchase price of BTC ETFS operated as terrible areas of support, because exchanged funds started in early 2024 years. Years. As noted in the chart below, in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months Last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months in the last 15 months

Kesmeci emphasized that ETF achieved the price and the most critical level of BITF support that does not currently stand at about $ 69,000. The community analyst noted that Prime Minister cryptocurrency is less likely to testify to any serious correction until it slides below this price level.

When will BTC continue Bull Run?

Although she understood the price of Bitcoin ETF crucial level of support that could prevent deep correction, the short-term carrier (sth) accomplished that it was shown to blame at the continuation of the bull driving. But Martinez told the post to KS that the first signal that BTC is ready to continue his biking guidance, the short-term holder returns the price of $ 90,570.

As can be seen on the top chart, ST is a price that behaves as the main resistance to the Prime Cryptocurrency. The price of Bitcoin tested the indicator twice on the chain since he fell under it at the end of February.

Of this writing, the market leader is worth about $ 83,900, which in the last 24 hours reflected over 1% jump jump. According to COINGECKO data, the price of BTC has been reduced by almost 1% in the last seven days.