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Home»Market»Cryptographic market update: Bitcoin bursts, Altcoins Pump – Is Taurus back? A deep dive in the graphics
Market

Cryptographic market update: Bitcoin bursts, Altcoins Pump – Is Taurus back? A deep dive in the graphics

April 15, 2025No Comments3 Mins Read
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Bitcoin is exchanged by 11% compared to the lows of $ 74,450 from Wednesday, because the overall markets experienced a significant increase – the NASDAQ increased by almost 12%, the S&P 500 up 9% and the DOW increased by 8%.

The Altcoin market, including ETH, increased by 8.35%, but still 40% below its top of 1.6 billion of dollars. It would be necessary to increase by 70% to reach this peak again.

Screenshot via tradingView User NotriceTrades

Don’t miss:

Bitcoin Weekly Chart

Bitcoin showed the request at the previous weekly swing from March 10, or about $ 76,560. This is a crucial level for Bitcoin to hold in the short term. As we have seen an important rally, Bitcoin should not go back to stockings if the price will reverse the daily trend.

The closure above the 50th of the weekly would also be ideal.

Screenshot via tradingView User NotriceTrades

Trend: Blackrock calls 2025 the year of alternative assets. A New York company has quietly built a group of more than 60,000 investors who have all joined a class of ALT assets previously exclusive to billionaires like Bezos and Gates.

Bitcoin Daily Chart

Even with this massive rally, the structure of the daily graphic remains down. This is why understanding of the structure is important. Just because the feeling can seem more optimistic than ever, because the markets have not seen a rally like this for a long time, things could still continue the downward trend.

Screenshot via tradingView User NotriceTrades

In terms of daily structure, it is a decent start for a rally, but there are key levels to watch.

The first is the fork of $ 88,000, where the price was rejected twice.

The second is the fork of $ 92,000, which is the lower end of the consolidation which has finally broken.

See also: Are you rich? Here’s what Americans think you need to be considered rich.

With this strong rally Wednesday, you would like to see the continuation. It’s the key here. If you start to see this momentum, blend and prices below $ 80,000, this could be a sign that it was only a decision to create another level lower than daily, by setting up a downward continuation.

As always, it is crucial to remain disciplined and to closely monitor the key levels. The market reaction to these prices will give us a clearer image of the abolition of the rally or if the downward trend will resume. Keep an eye on the structure and adjust your strategy accordingly. Patience and good risk management will be essential while we sail through these critical levels.

Read then:

Market news and data brought by benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



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