"Bitcoin price traded around $74,000 to $75,000 on April 15, extending a rebound that began after a February low near $60,000. The move leaves the asset up roughly 23% from that trough and about 3% on the week, even as broader macro and geopolitical headlines remain tense."
"Spot markets now face stiff resistance in the $75,000 to $76,000 band, a zone several analysts flag as the ceiling of a two‑month consolidation range. Short term, traders frame the outlook around a simple line in the sand."
"The 30‑day average funding rate on perpetual swaps has remained negative for 46 straight days, matching the stretch of negative funding seen near the late‑2022 bear market bottom, according to research firm K33."
"K33 Head of Research Vetle Lunde notes that similar regimes - rising prices, climbing open interest, and negative funding across daily, weekly, and monthly windows - have appeared near consolidation lows that later resolved higher."
Bitcoin's price exceeded $75,000, reflecting a 23% increase from a February low of $60,000. The market is now valuing Bitcoin beyond mere speculation. Resistance is noted between $75,000 and $76,000, with analysts suggesting that a sustained price above $71,000 could lead to further gains. Conversely, failure to break this resistance may result in a pullback. Derivatives markets show a negative funding rate, indicating skepticism among traders, but historical patterns suggest potential for upward movement.
Read at Bitcoin Magazine
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