Bitcoin has corrected 23% from its peak of over $109,000 in late January, during Donald Trump’s inauguration. He also pointed to the MVRV (market value to realized value) ratio, which has turned negative, a historical signal of weak momentum. In addition, his market cycle indicator suggests that Bitcoin may be in the early stages of a bear market, consistent with past downturns. Further evidence comes from large investor activity, especially among miners and whales. Miners recently sold more than $27 million in Bitcoin profits, which is often a sign of caution in the market. Meanwhile, whale activity shows that major BTC holders have liquidated more than $260 million, adding to overall selling pressure. Exacerbating these concerns is a sharp drop in capital inflows – new investment into Bitcoin. Monthly inflows fell from $135 billion in December 2024 to $4 billion on March 18, 2025, indicating weak demand and a potential lack of fresh buying power.
Despite these bearish signals, key support levels that could stabilize Bitcoin’s price have been identified. According to the analysis, the $66,000 to $69,000 range has emerged as a critical area where buyers are likely to step in. To this end, 750,000 investors bought 313,000 BTC in the $69,000 price range.
In addition, the Mayer Multiple and Bitcoin’s position relative to its 200-day Simple Moving Average (SMA) suggest $66,000 is another key level. However, there is a potential bullish scenario associated with global liquidity. According to the analysis, rising liquidity levels have historically aided BTC recovery, identifying April as a possible turning point. If the leading crypto-asset manages to reclaim the $93,700 support, it could indicate an uptrend with a potential move toward $111,000. Despite these bearish concerns, BTC [Surver] D 4% entered a 10-day high of $85,900 following the Fed’s decision to hold interest rates steady.
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Despite these bearish signals, key support levels that could stabilize Bitcoin’s price have been identified. According to the analysis, the $66,000 to $69,000 range has emerged as a critical area where buyers are likely to step in. To this end, 750,000 investors bought 313,000 BTC in the $69,000 price range.
In addition, the Mayer Multiple and Bitcoin’s position relative to its 200-day Simple Moving Average (SMA) suggest $66,000 is another key level. However, there is a potential bullish scenario associated with global liquidity. According to the analysis, rising liquidity levels have historically aided BTC recovery, identifying April as a possible turning point. If the leading crypto-asset manages to reclaim the $93,700 support, it could indicate an uptrend with a potential move toward $111,000. Despite these bearish concerns, BTC [Surver] D 4% entered a 10-day high of $85,900 following the Fed’s decision to hold interest rates steady.
Follow me to learn about the latest BTCUSD, XAUUSD news and the Baker Bitcoin Gold Trading Center releases accurate trading signals in real time.
BTCUSDT.P BTCUSD BTCUSDT BTCUSD 
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.