{"id":20452,"date":"2025-04-03T15:33:09","date_gmt":"2025-04-03T15:33:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20452"},"modified":"2025-04-03T15:33:09","modified_gmt":"2025-04-03T15:33:09","slug":"bitcoins-price-sees-slow-rebound-here-is-the-next-strong-support-zone-to-watch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20452","title":{"rendered":"Bitcoin\u2019s Price Sees Slow Rebound: Here Is The Next Strong Support Zone To Watch"},"content":{"rendered":"
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Bitcoin<\/a>\u2018s price surge on Wednesday to the $87,000 threshold has reignited bullish sentiment in the market. However, the flagship asset\u2019s renewed upward strength has briefly weakened, dropping to the $85,000 level. During this slight movement, a key strong support zone was identified during BTC\u2019s recent journey.<\/p>\n

Next Strong Support Zone For Bitcoin Identified<\/h2>\n

Following recent market instability, Bitcoin is beginning to show indications of a slow recovery and stability. On-chain expert and trader BorisVest has identified<\/a> a significant support zone that could be crucial to BTC\u2019s future performance.<\/p>\n

In the CryptoQuant quicktake post, the expert points to a strong support zone between the $65,000 and $71,000 price range. The identified support zone seems to be acting as a critical foundation for bullish momentum, potentially preventing further downside risk<\/a>.<\/p>\n

The on-chain expert highlighted that BTC market dynamics indicate that the Active Realized Price is around the $71,000 mark. Interestingly, this crucial level excludes long-dormant coins and helps traders establish a support level based on more current market action.<\/p>\n

While the Active Realized Price is around the $71,000 level, the True Market Mean Price is sitting at the $65,000 mark. BorisVest noted that this level provides a more precise assessment, showing that the $65,000 point is a critical support area in Bitcoin\u2019s market dynamics<\/a>.<\/p>\n

\"Bitcoin\"<\/p>\n

By defining the region between the Active Realized Price and the True Market Mean Price, which serves as the strong support zone, BorisVest expects a sizable amount of demand to be met in this area should the price drop in the near future. As a result, $65,000 to $71,000 is the present strong and close-by support zone.\u00a0<\/p>\n

According to the expert, purchasing the flagship asset in this range would result in substantial profits in the long term, with expectations of an impending major rally to a new all-time high before this cycle comes to an end.<\/p>\n

Should Bitcoin\u2019s price drop to this zone, BorisVest noted that weak hands might choose to sell their coins. Meanwhile, strong hands are most likely to purchase more BTC<\/a> and open new positions in order to establish themselves for huge gains once the price resumes its uptrend.<\/p>\n

BTC\u2019s Market Value Witness An Upswing<\/h2>\n

BTC is demonstrating upside potential once again as bullish momentum builds gradually. Santiment, a leading financial and on-chain data platform, reported<\/a> that Bitcoin\u2019s market value saw a slight growth following a recent attempt at higher targets<\/a>.<\/p>\n

Santiment highlighted that BTC\u2019s market value clawed its way back to the $87,300 mark, while altcoins are still lagging behind the asset. The move shows that Bitcoin is stabilizing, prompting traders to watch closely for confirmation of a sustained rebound. Data from Santiment reveals that the entire crypto market cap<\/a> is still down by about 7% despite the slight upswing of +0.2% in BTC\u2019s price in the past week.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2018s price surge on Wednesday to the $87,000 threshold has reignited bullish sentiment in the market. However, the flagship asset\u2019s renewed upward strength has briefly weakened, dropping to the $85,000 level. During this slight movement, a key strong support zone was identified during BTC\u2019s recent journey. Next Strong Support Zone For Bitcoin Identified Following recent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20452","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20452"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20452\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}