{"id":21492,"date":"2025-04-10T12:47:03","date_gmt":"2025-04-10T12:47:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21492"},"modified":"2025-04-10T12:47:03","modified_gmt":"2025-04-10T12:47:03","slug":"bitcoin-btc-still-on-track-for-200000-but-this-must-happen-first-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21492","title":{"rendered":"Bitcoin (BTC) Still on Track for $200,000 But This Must Happen First (Analyst)"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\"><strong>TL;DR<\/strong><\/span><\/p>\n<ul>\n<li>Bitcoin (BTC) bounced after Trump\u2019s tariff freeze, triggering predictions of a major rally to new highs.<\/li>\n<li>One popular analyst thinks a breakout above a key level could lead to a massive pump above $200K.<\/li>\n<\/ul>\n<h2><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC_CB-3.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-391760\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC_CB-3.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC_CB-3.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC_CB-3-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC_CB-3-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC_CB-3-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC_CB-3-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/h2>\n<h2>BTC Has Yet to Fly?<\/h2>\n<p><span data-preserver-spaces=\"true\">The primary cryptocurrency did not start the business week on the right foot, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/arthur-hayes-doubles-down-on-bitcoin-dip-buying-as-btc-drops-to-74k\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">experiencing<\/span><\/a><span data-preserver-spaces=\"true\"> a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> pullback below $75,000 after the trade war between the USA and the rest of the world intensified with the implementation of additional tariffs.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, on April 9, US President Donald Trump <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114309144289505174\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">enacted<\/span><\/a><span data-preserver-spaces=\"true\"> a 90-day freeze on most new tariffs. <\/span><span data-preserver-spaces=\"true\">The reciprocal rate was reduced<\/span><span data-preserver-spaces=\"true\"> to 10% for over 75 countries <\/span><span data-preserver-spaces=\"true\">that have recently sought<\/span><span data-preserver-spaces=\"true\"> to renegotiate better terms with America. In the aftermath, bitcoin <a href=\"https:\/\/cryptopotato.com\/bitcoin-recovers-to-83k-in-crypto-market-bounce-as-trade-tensions-ease\/\" data-wpel-link=\"internal\">soared<\/a> past $83,000 before slightly retracing to the current $81,800 (per CoinGecko\u2019s data).<br \/>\n<\/span><\/p>\n<figure id=\"attachment_391758\" aria-describedby=\"caption-attachment-391758\" style=\"width: 581px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC-Price-2.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-391758\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC-Price-2.png\" alt=\"BTC Price\" width=\"581\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC-Price-2.png 1042w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC-Price-2-300x206.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC-Price-2-1024x705.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC-Price-2-768x528.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTC-Price-2-50x34.png 50w\" sizes=\"auto, (max-width: 581px) 100vw, 581px\"><\/a><figcaption id=\"caption-attachment-391758\" class=\"wp-caption-text\">BTC Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The resurgence garnered the attention of numerous analysts who made optimistic predictions for the near future. The X user Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1910211391598047257\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">believes<\/span><\/a><span data-preserver-spaces=\"true\"> a breakout above $86,900 could be a precursor of a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> rally to a new all-time high of $208,550.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He <\/span><span data-preserver-spaces=\"true\">added that based on the Mayer Multiple indicator, BTC could find solid support at approximately $69,500. The metric, developed by Trace Mayer, compares BTC\u2019s current price to its 200-day moving average and helps traders determine whether the asset is overvalued or undervalued.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another industry participant forecasting a price explosion for the leading digital asset is Merlijn The Trader. They <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/MerlijnTrader\/status\/1910226527993688416\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">spotted<\/span><\/a><span data-preserver-spaces=\"true\"> the potential breakout of a falling wedge pattern, suggesting a jump above $100,000 might come next.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Are Other Indicators Signaling?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">According to CryptoQuant\u2019s data, BTC\u2019s exchange <\/span><span data-preserver-spaces=\"true\">netflow<\/span><span data-preserver-spaces=\"true\"> has been negative in the past month. <\/span><span data-preserver-spaces=\"true\">This<\/span> <a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/exchange-flows\/exchange-netflow-total?exchange=spot_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">suggests<\/span><\/a><span data-preserver-spaces=\"true\"> a shift from centralized platforms toward self-custody methods, which <\/span><span data-preserver-spaces=\"true\">could be interpreted as<\/span><span data-preserver-spaces=\"true\"> a bullish factor since it reduces the immediate selling pressure.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, bitcoin inflows into Binance have increased over the last two weeks. The analysis platform <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-flooding-into-binance-ahead-of-cpi-announcement\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">assumed<\/span><\/a><span data-preserver-spaces=\"true\"> that the influx could <\/span><span data-preserver-spaces=\"true\">be connected<\/span><span data-preserver-spaces=\"true\"> to investor caution in anticipation of the US Consumer Price Index (CPI) report, scheduled for release today (April 10).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Such transfers may be a precursor of a possible sell-off and a subsequent price decline for BTC. Nevertheless, CPI data typically has a brief impact on the asset\u2019s price while Martinez\u2019s prediction is aimed more at the medium-term.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-btc-still-on-track-for-200000-but-this-must-happen-first-analyst\/\" rel=\"nofollow\">Bitcoin (BTC) Still on Track for $200,000 But This Must Happen First (Analyst)<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin (BTC) bounced after Trump\u2019s tariff freeze, triggering predictions of a major rally to new highs. One popular analyst thinks a breakout above a key level could lead to a massive pump above $200K. BTC Has Yet to Fly? The primary cryptocurrency did not start the business week on the right foot, experiencing a [&hellip;]<\/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-21492","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\/21492","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=21492"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21492\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}