Bitcoin’s Critical Support Level Identified at $69,000

Bitcoin started April strong, peaking at $87,000 on April 2 but fell below $84,000 by April 4. Despite this decline, Bitcoin has shown stability compared to altcoins and US equities following new trade tariffs announced by President Trump.

Key Support Level Insights

Analyst Burak Kesmeci identified $69,000 as the critical support level for Bitcoin.
The Bitcoin Spot ETF Realized Price, which tracks average acquisition prices of Bitcoin ETFs, is crucial in assessing market resilience.
This price level has historically provided strong support since the launch of Bitcoin ETFs in early 2024.

Bitcoin

Resuming the Bull Run

The short-term holder (STH) realized price is pivotal for a bull run, currently at $90,570.
Reclaiming this STH realized price would signal readiness for a price increase.
Currently, Bitcoin is valued at approximately $83,900, showing a slight gain of over 1% in the last 24 hours.
In the past week, Bitcoin's price has decreased by nearly 1%.

Bitcoin