Analysts update multiple long-term bottom indicators for Bitcoin, recommending to start building positions in batches at $63k.

BlockBeatNews
BTC-0,39%

BlockBeats message, April 6, an analyst, Alicharts, updates multiple long-term Bitcoin bottom indicator signals to reference Bitcoin bottom price points.

Key support levels include the area around $63,111 shown by the URPD, the trendline of $56,000-$60,000 that has been guarding nearly 10 years, the CVDD structural bottom at $47,960, and the MVRV 0.8 extreme pain zone at $43,647.

Alicharts suggests that investors diversify funds into areas such as $63k to $36k rather than trying to precisely predict a single bottom; currently, the market is mostly in a wait-and-see or distribution phase, which is suitable for setting up a macro rebound strategy.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

ARK Invest's Bitcoin 'Conviction Buyers' Holdings Surge 69% in Q1, Hitting Highest Level Since 2020

Gate News message, April 24 — ARK Invest reported that its "Conviction Buyers" bitcoin holdings surged from 2.13 million BTC to 3.6 million BTC in the first quarter of 2026, an increase of 69% and the highest level since 2020. The growth occurred despite bitcoin's price declining 22% during the

GateNews22m ago

Largest Bank in Brazil Moves to Invest in Bitcoin Mining

Itau Unibanco, through its VC arm Itau Ventures, has made an undisclosed investment in Minter, a company that installs mobile data centers and bitcoin mining operations across Brazil. Minter’s approach allows it to take advantage of surplus energy that would otherwise be wasted. Key Takeaways: It

Coinpedia53m ago

Bitcoin ETF Flows Turn Positive for Year, Bloomberg Data Shows

Bitcoin exchange-traded fund flows have turned positive for the first time in months across all metrics tracked by Bloomberg, according to Bloomberg Senior ETF Analyst Eric Balchunas, who noted on Thursday that "every single rolling period we track is now positive." Ben Slavin, global head of ETFs a

CryptoFrontier1h ago

US Government Operating Bitcoin Node Without Mining, Admiral Indicates

A senior admiral has indicated that the US Government is actively operating a node on the Bitcoin network while deliberately avoiding participation in mining activities. The disclosure suggests that authorities are taking a more involved role in blockchain infrastructure for oversight and

CryptoFrontier1h ago

Bitcoin Stalls at $77.8K Amid Japan Inflation Surge and Iran War Tensions

Gate News message, April 24 — Crypto markets weakened on Friday as Bitcoin hovered near $77,800 and Ethereum fell to $2,300 with a 24-hour decline of 0.8%. The uptrend that began Wednesday from $65,000 has visibly slowed, with Ethereum underperforming Bitcoin. Market pressure stems from Japan's Mar

GateNews2h ago
Comment
0/400
No comments