{"id":12387,"date":"2025-04-08T04:04:55","date_gmt":"2025-04-08T04:04:55","guid":{"rendered":"https:\/\/alchemymarkets.wpengine.com\/?post_type=market_insights&#038;p=9915"},"modified":"2025-05-16T07:15:57","modified_gmt":"2025-05-16T07:15:57","slug":"bitcoin-april-2025","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/bitcoin-april-2025\/","title":{"rendered":"Bitcoin Back to $80K: Liquidity Grab Candle Implies Reversal"},"content":{"rendered":"\n<p>Bitcoin has fallen as low as $74.5K yesterday, liquidating approximately $970 million across crypto exchanges in the last 24 hours. Then, the asset closed above its last pivot low at $76.6K\u2014and <strong><mark class=\"has-inline-color has-vivid-red-color\">formed a wick of over 5%.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>This beautiful, yet nasty price action comes with a few bullish implications for Bitcoin:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>We witnessed a liquidity grab, where long traders were effectively \u2018long squeezed\u2019 and forced out of their positions.<\/li>\n\n\n\n<li>When the long traders are forced to sell at speed, buy orders are filled at speed, strengthening the possibility of a revesal.<\/li>\n\n\n\n<li>Bitcoin has technically closed at $79.1K, higher than its previous pivot low.<\/li>\n<\/ul>\n\n\n\n<p>However, we are not out of the woods yet, Bitcoin must close today\u2019s candle positively to show buyer strength and follow through.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/04\/COTD-25.04.08-coinglass.jpg\" alt=\"\" class=\"wp-image-9916\" \/><figcaption class=\"wp-element-caption\">Source: Coinglass, recorded at 11:30AM GMT+8 time (11:30PM New York Time)<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin Resilience: Huge Volume Spike with Bullish Divergence<\/h2>\n\n\n\n<p><strong>Go over to the BTCUSDT daily chart, and you noticed a few things:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The liquidity grab candle formed with a large volume spike, validating its role.<\/li>\n\n\n\n<li>Bitcoin has managed to retap into $80K twice in the past two days, showing some resilience.<\/li>\n\n\n\n<li>A <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/falling-wedge-pattern\/\">falling wedge pattern<\/a> appears to be forming, a bullish reversal chart pattern.<\/li>\n\n\n\n<li>A <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/bullish-divergence\/\">regular bullish divergence<\/a> appears to be in play with the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/relative-strength-index\/\">RSI indicator<\/a>.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/04\/COTD-25.04.08-TA.jpg\" alt=\"\" class=\"wp-image-9918\" \/><\/figure>\n\n\n\n<p>If Bitcoin is to move up higher from here, the entire crypto markets should experience some recovery as well. However, this would also be dependent on the <a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/sp-500-resilient-correction\/\">SPX\u2019s performance<\/a>.<\/p>\n\n\n\n<p>Bitcoin currently is traded like it&#8217;s a tech stock\/risk-on investment, rather than its intended purpose of being a safe haven (like Gold), and therefore correlates to the SPX. <\/p>\n\n\n\n<p><strong><span class=\"highlight\">Keynote: If the SPX continues to decline, then so will Bitcoin\u2019s price.<\/span><\/strong><\/p>\n\n\n\n<p>For more on SPX&#8217;s forecast, check out our recent analyses:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"h9sFHrQe2I\"><a href=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/elliott-wave\/sp-500-resilient-correction\/\">S&amp;P 500 Elliott Wave: The Correction Is Resilient<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;S&amp;P 500 Elliott Wave: The Correction Is Resilient&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/elliott-wave\/sp-500-resilient-correction\/embed\/#?secret=WhHDQQJodY#?secret=h9sFHrQe2I\" data-secret=\"h9sFHrQe2I\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"cSyDFHwlxb\"><a href=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/chart-of-the-day\/spx-black-monday-april-2025\/\">Fear Sweeps SPX Markets as Retail Expects Black Monday<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Fear Sweeps SPX Markets as Retail Expects Black Monday&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/chart-of-the-day\/spx-black-monday-april-2025\/embed\/#?secret=CiFlbH1fOE#?secret=cSyDFHwlxb\" data-secret=\"cSyDFHwlxb\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>After a vicious dump to $74.5K, Bitcoin appears to be making a recovery effort &#8211; with positive technicals to support it.<\/p>\n","protected":false},"author":159,"featured_media":12527,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-12387","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Back to $80K: Liquidity Grab Candle Implies Reversal - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"After a vicious dump to $74.5K, Bitcoin appears to be making a recovery effort - with positive technicals to support it. 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