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Bitcoin in April: Is it a downtrend continuation or a consolidation before takeoff?
After seeing $BTC reach an all-time high, we are at a stage that leaves many beginners puzzled: sideways consolidation.
Currently, the price is fluctuating within a key range. As long as it stays above $66,000, the long-term bullish structure remains intact. However, what we are witnessing is a "cleansing" of the weak hands.
Key points about Bitcoin:
Psychological support: $65,000 - $66,000 is the defender zone for buyers. If the price rebounds strongly here, we may soon seek $73,000 again.
Institutions vs. retail investors: While many small investors are selling out of fear of volatility, large firms and ETFs continue to accumulate. In cryptocurrency, patience often yields better returns than speed.
Dominance: Bitcoin remains a safe haven. During global uncertainties, its narrative as "digital gold" becomes even stronger against altcoins.
Personal opinion: Don't aim to predict tomorrow's price, but understand the value of the asset. We are in a mature cycle, and these dips are often the best opportunities for those with a long-term perspective.