{"id":80070,"date":"2026-04-09T15:01:49","date_gmt":"2026-04-09T15:01:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=80070"},"modified":"2026-04-09T15:01:49","modified_gmt":"2026-04-09T15:01:49","slug":"bitcoin-at-71000-true-recovery-or-bear-market-relief-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=80070","title":{"rendered":"Bitcoin At $71,000: True Recovery Or Bear Market Relief Rally?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) holding near $70,000 has renewed optimism among retail traders after a sharp first-quarter decline.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Counter-Trend Rally Concerns<\/strong><\/h2>\n<p>In his Apr.8 podcast, macro analyst Benjamin Cowen <a href=\"https:\/\/www.youtube.com\/watch?v=4rkqfmzKFpU\">described<\/a> Bitcoin&#8217;s recent price action as a &#8220;textbook&#8221; counter-trend rally, warning that such moves often trap late buyers before a larger decline resumes.<\/p>\n<p>He noted that Bitcoin is approaching a key bear market resistance band, the 20-week simple moving average and 21-week exponential moving average, currently near $78,000 to $79,000 and trending lower.<\/p>\n<p>Historically, in prior cycles such as 2014, 2018, and 2022, Bitcoin has &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51733428\/bitcoin-at-71000-true-recovery-or-bear-market-relief-rally?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" at true recovery or bear market relief rally>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) holding near $70,000 has renewed optimism among retail traders after a sharp first-quarter decline. Counter-Trend Rally Concerns In his Apr.8 podcast, macro analyst Benjamin Cowen described Bitcoin&#8217;s recent price action as a &#8220;textbook&#8221; counter-trend rally, warning that such moves often trap late buyers before a larger decline resumes. He noted that Bitcoin [&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-80070","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\/80070","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=80070"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/80070\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}