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Bitcoin (CRYPTO: BTC) is consolidating close to $70,000, even as broader markets, particularly the S&P 500, show signs of breakdown.
Bitcoin Consolidating But Stronger Than Equities
In an Apr.4 podcast, analysts Cred and DonAlt note that Bitcoin is beginning to display relative strength compared to equities, suggesting a potential shift in market dynamics.
From a technical standpoint, the current range between $57,000 and $61,000 is seen as fair value. Holding the $58,000–$60,000 zone is critical for bulls; losing it could trigger a sharp drop toward $40,000.
On the upside, a weekly close above $71,000 would signal renewed bullish momentum, while reclaiming $82,000, a key resistance …
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