Bitcoin (BTC) hit 3-day lows by the April 20 weekly close as analysts predicted a fresh liquidity grab ahead. Analysis indicated Bitcoin might surpass $83,000, as data from Cointelegraph Markets Pro and TradingView showed BTC\/USD dropping 1.5% to $83,974 before bouncing back. Amid doubts about nearby support strength, popular analyst Mark Cullen expressed skepticism about the $83,000 level. He suggested that the $83,000 level might not be safe and that previous lows would likely be tested first. Cullen and others anticipated a short-term BTC price range between $83,000 and $86,000 over the Easter weekend. Another trader, Daan Crypto Trades, expected a slow market during the long weekend but anticipated potential significant moves in the upcoming week. The market outlook included the possibility of a return to multimonth lows while observing a bullish inverse head and shoulders reversal pattern. On a positive note, trader and analyst Rekt Capital confirmed that Bitcoin had broken out of a multimonth downtrend without violating it during retests as support. The sustained break above the Downtrend gave confidence to traders for a potential price breakout. As the fate of the downtrend remained uncertain, traders were advised to conduct their own research before making investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) hit 3-day lows by the April 20 weekly close as analysts predicted a fresh liquidity grab ahead. Analysis indicated Bitcoin might surpass $83,000, as data from Cointelegraph Markets Pro and TradingView showed BTC\/USD dropping 1.5% to $83,974 before bouncing back. Amid doubts about nearby support strength, popular analyst Mark Cullen expressed skepticism about […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/100783"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=100783"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/100783\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=100783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=100783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=100783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}