Bitcoin price consolidation expected as selling pressure drops

Bitcoin sales pressure has dropped sharply, suggesting a period of consolidation until April and May.

In an article on April 1 on X, cryptocurrency analyst Axel Adler Jr. noted that the daily sales volume on major exchanges increased from 81,000 bitcoin (BTC) at 29,000 BTC. After this drop, the asset can enter a tender shortage phase with fewer sellers and a coherent demand, preparing the way for the next Bitcoin price movement.

A change in the long -term trading market reflects this trend. In a separate jobAdler noted that the short positions had increased while the downstream traders were trying to take advantage after the level of all time in February of Bitcoin. However, this pressure is weakening now and commercial behavior changes.

Thanks to funds exchanged, institutional investors now play a more important role in the trajectory of bitcoin prices than on the retail market. Consequently, the asset is more sensitive to macroeconomic events such as the Federal Reserve policy Inflation changes and reports.

Meanwhile, the domination of Binance in cash trading could also point out an upward trend. Joao Wedson, another cryptocurrency analyst, stressed that the commercial volume of Binance is now eight times higher than that of Coinbase, and that past models have shown that Bitcoin often experiences an increase in prices when the binance leads in volume.

However, not all indicators point to immediate gains. Uprising inflation And newly imposed prices could affect risk assets such as Bitcoin, according to a March 31 of 10x Research analysis. Now at 5%, 10x research analysts believe that inflation expectations could slow institutional influx.

They predict that bitcoin can autumn Below $ 80,000 this week, in particular with multiple risk catalysts likely to put pressure on actions and spread on the cryptocurrency market.

At the time of the press, Bitcoin is traded at $ 83,530, with a seven -day range between $ 81,488 and $ 88,240. Although short -term risks rise, the drop in sales pressure and point to a stabilizing market, potentially preparing the land for the next movement.