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15 Apr 2026, 03:20

Gold Price Retreats from Four-Week High as Critical Hormuz Tensions Clash with Dollar Weakness

BitcoinWorld Gold Price Retreats from Four-Week High as Critical Hormuz Tensions Clash with Dollar Weakness Gold prices eased from a four-week peak in early trading on Wednesday, as escalating geopolitical risks around the Strait of Hormuz tempered the supportive effect of a weakening US dollar, creating a complex tug-of-war for the precious metal. This development underscores the intricate balance between traditional safe-haven demand and dominant currency dynamics in global commodity markets. Gold Price Dynamics and the Strait of Hormuz Factor Spot gold traded near $2,340 per ounce, retreating from Tuesday’s high of $2,358, which marked its strongest level in four weeks. Analysts immediately identified the primary countervailing force. Specifically, reports of heightened military posturing and maritime disruptions in the Strait of Hormuz injected volatility. This critical chokepoint handles about one-fifth of the world’s seaborne oil shipments. Consequently, any threat to its stability triggers risk aversion. However, this typically bullish signal for gold was partially muted. The market’s reaction was measured, reflecting concerns that prolonged conflict could simultaneously spur inflationary pressures and slower growth. Historical data reveals a nuanced relationship. For instance, during the 2019 tanker attacks and the 2020 assassination of General Qasem Soleimani, gold initially spiked but then consolidated. The current pattern shows similarities. The immediate risk premium is being carefully weighed against broader macroeconomic consequences. Market participants are assessing the potential for sustained supply chain inflation against the possibility of dampened global energy demand. The US Dollar’s Pivotal Role in Commodity Valuation Simultaneously, the US Dollar Index (DXY) fell for a third consecutive session, touching a one-month low. A weaker dollar makes dollar-denominated assets like gold cheaper for holders of other currencies, which typically supports prices. This dynamic provided a solid floor under the gold market throughout the week. The dollar’s weakness stemmed from softening US Treasury yields and shifting expectations regarding the Federal Reserve’s interest rate trajectory. Recent economic indicators, including cooler-than-expected retail sales data, fueled speculation that the Fed might adopt a more dovish stance later in the year. This environment is traditionally constructive for non-yielding bullion. However, the dollar’s decline was not sharp enough to fully overpower the market’s cautious recalibration of Middle Eastern risks. The interplay created a narrow trading range, with gold caught between two powerful but opposing fundamental currents. Expert Analysis on Market Sentiment and Positioning Market strategists from leading institutions provided context on the price action. “We are witnessing a classic battle between micro and macro drivers,” noted a commodities analyst at a major Swiss bank. “The Hormuz situation is a localized, high-impact event driving safe-haven flows. Conversely, the dollar trend is a broad, systemic factor. Currently, they are neutralizing each other.” Data from the Commodity Futures Trading Commission (CFTC) showed that managed money net-long positions in gold had increased for two straight weeks prior to this pullback, indicating underlying bullish sentiment. Furthermore, physical market activity offered mixed signals. Premiums in key Asian markets remained stable, suggesting steady physical demand. However, outflows from some major gold-backed exchange-traded funds (ETFs) indicated that some institutional investors were using the price strength to take profits. This divergence between physical and paper markets often precedes periods of consolidation, which aligns with the current technical picture showing resistance near the $2,360 level. Broader Impacts on Related Asset Classes The tension between these forces rippled into related markets. Silver, often more volatile than gold, mirrored the retreat. Meanwhile, oil prices exhibited heightened sensitivity. Brent crude futures held near three-week highs, directly benefiting from the supply disruption fears that only partially boosted gold. This divergence highlights gold’s unique dual nature as both a commodity and a financial asset. Other traditional safe havens showed varied responses: US Treasuries: Saw strong buying, pushing yields lower. The Japanese Yen: Appreciated against the dollar. The Swiss Franc: Also gained, confirming a broad-based, if selective, flight to quality. This selective movement confirms that investors are making nuanced allocations rather than engaging in a blanket rush to safety. Gold’s performance, therefore, must be analyzed within this competitive landscape for defensive capital. Historical Context and Forward-Looking Indicators Examining past geopolitical crises in the region provides a framework. Events in the Strait of Hormuz typically generate a sharp, short-term spike in gold volatility rather than a sustained bull run unless they escalate into wider conflict affecting global trade routes. The current market pricing suggests traders assign a relatively low probability to a worst-case scenario. Key indicators to watch include maritime insurance rates for the Persian Gulf, which have spiked, and diplomatic communications from regional powers. For the medium term, the trajectory of the US dollar and real interest rates will likely reassert themselves as the primary gold price drivers. Upcoming US inflation data and Federal Reserve meeting minutes will be scrutinized for clues on monetary policy. Any signal that reinforces the dollar’s weakness could provide gold with the momentum to break through its recent resistance levels, even if Middle Eastern tensions subside. Conclusion The gold price movement away from its four-week high demonstrates the market’s complex calculus. While a weaker US dollar provided fundamental support, immediate geopolitical risks in the Strait of Hormuz introduced a cautionary note that tempered gains. This scenario highlights gold’s sensitive position at the intersection of currency markets, global geopolitics, and macroeconomic policy. Investors should monitor both diplomatic developments in the Middle East and key US economic data, as the balance between these forces will dictate the next sustained move for the precious metal. FAQs Q1: Why does tension in the Strait of Hormuz affect the gold price? Geopolitical tension in critical regions like the Strait of Hormuz increases global market uncertainty and risk aversion. Gold is a traditional safe-haven asset, so investors often buy it during such times, which can push prices up. However, the effect can be tempered if the conflict also threatens global economic growth. Q2: How does a weaker US dollar support the gold price? Gold is priced in US dollars globally. When the dollar weakens, it takes fewer units of other currencies (like euros or yen) to buy one ounce of gold. This makes gold cheaper and more attractive for international buyers, increasing demand and supporting the price. Q3: What are ‘safe haven assets’ and what are other examples? Safe haven assets are investments expected to retain or increase their value during periods of market turbulence. Besides gold, major examples include US Treasury bonds, the Japanese yen, the Swiss franc, and certain high-quality utility stocks. Q4: Could this situation lead to a sustained bull run for gold? A sustained bull run typically requires a persistent driver, such as a prolonged period of low real interest rates, sustained dollar weakness, or a major, ongoing geopolitical crisis. The current standoff between dollar weakness and regional tension may lead to volatility and consolidation unless one factor becomes decisively dominant. Q5: How do interest rates influence gold prices? Gold does not pay interest or dividends. When interest rates rise, yield-bearing assets like bonds become more attractive relative to gold, which can pressure its price. Conversely, when rates fall or are expected to fall, the opportunity cost of holding gold decreases, making it more appealing. This post Gold Price Retreats from Four-Week High as Critical Hormuz Tensions Clash with Dollar Weakness first appeared on BitcoinWorld .

15 Apr 2026, 03:15

Crypto Futures Liquidated: Staggering $260.8M Wiped Out in 24-Hour Market Carnage

BitcoinWorld Crypto Futures Liquidated: Staggering $260.8M Wiped Out in 24-Hour Market Carnage Global cryptocurrency markets experienced a severe contraction on March 15, 2025, triggering over $260.8 million in futures liquidations within a single 24-hour period. This substantial deleveraging event primarily impacted short positions across major digital assets, signaling a sharp reversal that caught many traders off guard. Market analysts immediately began scrutinizing the cascading effect across perpetual futures contracts, particularly for Bitcoin and Ethereum. Crypto Futures Liquidated in Unprecedented Market Move The cryptocurrency derivatives market witnessed one of its most significant liquidation events of the year. According to aggregated data from major exchanges including Binance, Bybit, and OKX, total liquidations reached $260.8 million between March 14 and March 15, 2025. This figure represents a substantial percentage of the total open interest across these platforms. Consequently, the market experienced increased volatility as forced selling amplified price movements in both directions. Liquidation events occur when traders’ positions are automatically closed by exchanges due to insufficient margin. This mechanism protects the exchange from potential losses if a trader’s account equity falls below the maintenance margin requirement. The scale of this particular event suggests excessive leverage was prevalent in the market beforehand. Market participants often employ high leverage in futures trading to amplify potential returns, which simultaneously increases risk exposure. Bitcoin and Ethereum Lead Liquidation Volumes Bitcoin futures contracts accounted for the largest portion of the liquidations, with $135.05 million wiped out. Notably, 73.93% of these liquidated Bitcoin positions were short contracts, indicating that traders betting on price declines faced significant losses as the market moved against them. This data point often suggests a short squeeze scenario, where rising prices force short sellers to cover their positions, creating additional upward pressure. Ethereum followed with $96.40 million in liquidated futures contracts. Within this total, 59.84% were short positions. The Ethereum derivatives market has grown substantially alongside the network’s development activity and the increasing adoption of its Layer 2 scaling solutions. The significant liquidation volume highlights Ethereum’s deep integration into the crypto financial ecosystem as a core asset for speculative trading and hedging strategies. Analysis of the RAVE Token Liquidation Spike The data reveals an outlier in the RAVE token, which saw $29.35 million liquidated with a staggering 82.02% of positions being shorts. This exceptionally high percentage suggests concentrated speculative activity or potential market manipulation around this specific asset. Tokens with smaller market capitalizations like RAVE often experience more pronounced volatility and liquidation events due to lower liquidity depths on order books. Market structure analysis indicates that such disproportionate short liquidations can create violent upward price movements, often referred to as ‘short squeezes.’ These events can be particularly damaging in altcoin markets where liquidity is fragmented across multiple exchanges. Traders frequently monitor liquidation heatmaps to identify potential price levels where large clusters of leveraged positions might become vulnerable. Historical Context and Market Impact This liquidation event ranks among the top ten single-day events since the 2022 market downturn. Historical comparison shows that similar-scale liquidations in 2023 and 2024 often preceded periods of consolidation or trend reversals. The crypto derivatives market has matured significantly since the 2020-2021 bull market, with improved risk management tools and more sophisticated participants. However, the persistence of large-scale liquidations demonstrates that leverage remains a double-edged sword in digital asset trading. The immediate market impact included increased volatility across spot markets as the liquidation cascade affected liquidity. Major exchanges reported temporary widening of bid-ask spreads during peak liquidation periods. Furthermore, funding rates for perpetual swaps fluctuated dramatically as the market sought equilibrium between long and short interest. These mechanical market responses are well-documented in academic literature on cryptocurrency market microstructure. Regulatory and Systemic Considerations Regulatory bodies worldwide continue to monitor cryptocurrency derivatives markets due to their potential systemic implications. The Commodity Futures Trading Commission (CFTC) in the United States and the Financial Conduct Authority (FCA) in the United Kingdom have both issued guidance on leverage limits for retail crypto derivatives. Events like the March 15 liquidations provide empirical data for ongoing policy discussions about appropriate leverage caps and investor protection measures. From a systemic risk perspective, the interconnectedness of crypto exchanges through arbitrage bots and cross-margin accounts means liquidations on one platform can transmit volatility to others. However, the decentralized nature of the broader cryptocurrency ecosystem, with assets held across numerous wallets and protocols, has thus far prevented the type of contagion seen in traditional finance during margin crises. Technical Analysis of Market Conditions Technical indicators preceding the liquidation event showed several warning signs. The aggregate open interest across futures markets had reached elevated levels relative to spot market capitalization. Additionally, the estimated leverage ratio, a metric tracking the average leverage employed by futures traders, had been climbing steadily throughout early March 2025. These conditions created a fragile market structure vulnerable to a volatility shock. On-chain data from analytics firms like Glassnode and CryptoQuant revealed simultaneous movements of Bitcoin from exchange wallets to cold storage, suggesting accumulation by long-term holders. This reduction in immediately available supply on exchanges may have contributed to the upward price pressure that triggered the short liquidations. The interplay between on-chain holder behavior and derivatives market dynamics remains a critical area of study for crypto analysts. Conclusion The $260.8 million crypto futures liquidation event on March 15, 2025, serves as a stark reminder of the risks inherent in leveraged digital asset trading. While the market absorbed the deleveraging without catastrophic failure, the concentration in short positions, particularly for Bitcoin and the RAVE token, highlights ongoing speculative patterns. As the cryptocurrency derivatives market continues to evolve alongside regulatory frameworks, such events provide valuable data for understanding market mechanics and developing more robust risk management practices for all participants involved in crypto futures trading. FAQs Q1: What causes futures liquidations in cryptocurrency markets? Futures liquidations occur automatically when a trader’s position loses enough value that their remaining margin cannot cover potential losses. Exchanges close these positions to prevent negative account balances, often creating cascading sell or buy orders that amplify market moves. Q2: Why were most liquidated positions short contracts? The high percentage of short liquidations (73.93% for Bitcoin) suggests the market experienced upward price movement that triggered stop-losses on bearish bets. This pattern often indicates a short squeeze, where rising prices force short sellers to buy back assets to close positions, creating additional buying pressure. Q3: How does this liquidation event compare to historical ones? The $260.8 million single-day total ranks among significant events but remains below record levels seen during the 2021 bull market correction and the 2022 LUNA collapse. The market has since developed deeper liquidity and more sophisticated risk tools, potentially reducing systemic impact. Q4: What is a perpetual futures contract? Perpetual futures are derivative contracts without an expiration date, allowing traders to hold positions indefinitely. They use a funding rate mechanism to tether their price to the underlying spot market, typically exchanging payments between long and short positions every eight hours. Q5: Can liquidation events predict future market direction? While large liquidations often mark local extremes in sentiment and positioning, they don’t reliably predict long-term direction. They typically indicate excessive leverage has been flushed from the system, which can sometimes precede periods of reduced volatility or trend consolidation as the market resets. This post Crypto Futures Liquidated: Staggering $260.8M Wiped Out in 24-Hour Market Carnage first appeared on BitcoinWorld .

15 Apr 2026, 03:10

Australian Dollar Soars as US-Iran Diplomatic Breakthrough Eases Global Tensions

BitcoinWorld Australian Dollar Soars as US-Iran Diplomatic Breakthrough Eases Global Tensions The Australian Dollar has demonstrated remarkable resilience in early 2025, gaining significant support from growing optimism surrounding diplomatic talks between the United States and Iran. This development, confirmed by multiple diplomatic sources in Geneva and Washington, has triggered a notable shift in global risk sentiment, consequently benefiting commodity-linked currencies like the AUD. Market analysts across Sydney, London, and New York have observed this correlation closely, noting how geopolitical developments increasingly drive currency movements in the current economic landscape. Australian Dollar Finds Unexpected Support in Diplomacy Currency markets reacted swiftly to news of constructive dialogue between US and Iranian officials. Consequently, the AUD/USD pair climbed approximately 0.8% following the announcement. This movement reflects a broader market trend where reduced geopolitical risk typically strengthens risk-sensitive assets. Historically, the Australian Dollar has served as a proxy for global economic confidence due to Australia’s export-driven economy. Therefore, any de-escalation in longstanding tensions, particularly in oil-rich regions, directly impacts currency valuations. Several key factors explain this market behavior. First, Australia exports substantial quantities of liquefied natural gas, iron ore, and coal to global markets. Second, Middle Eastern stability supports smoother global trade routes and energy supplies. Third, investors often seek higher yields in Australian assets during stable geopolitical periods. Finally, central bank policies respond to improved global outlooks. These interconnected elements create a complex web influencing the AUD’s performance. Analyzing the US-Iran Talks Timeline and Market Impact The current diplomatic initiative represents the most significant engagement between Washington and Tehran in nearly a decade. Preliminary meetings began quietly in late 2024 through backchannel communications facilitated by European intermediaries. Subsequently, formal discussions commenced in Geneva during January 2025, focusing initially on nuclear program verification before expanding to regional security concerns. This gradual progress has allowed markets to digest developments methodically rather than reacting to sudden announcements. Expert Analysis on Currency Correlations Financial institutions have published extensive research on this correlation. For instance, the Reserve Bank of Australia’s latest minutes noted “external geopolitical developments” as a consideration for monetary policy. Similarly, major investment banks have adjusted their quarterly forecasts. Goldman Sachs analysts recently stated, “Progress in US-Iran relations reduces one of the persistent tail risks for commodity currencies.” Meanwhile, Westpac’s currency strategists highlighted how “AUD sensitivity to Middle Eastern developments has increased since 2023 due to shifting trade patterns.” The following table illustrates recent AUD movements against major developments: Date Event AUD/USD Change Jan 15, 2025 US-Iran talks announcement +0.82% Jan 10, 2025 Preliminary meeting confirmation +0.45% Dec 20, 2024 Regional tensions flare -1.20% Broader Economic Context and Regional Implications Beyond immediate currency fluctuations, these diplomatic developments carry substantial implications for Australia’s trade relationships. Australia maintains significant economic interests in the Middle East, particularly in education exports, agricultural trade, and construction services. Furthermore, stable energy prices resulting from reduced tensions benefit Australian manufacturing and transportation sectors. The Australian government has welcomed the diplomatic progress, with the Treasurer noting “improved global stability supports our economic objectives.” Regional Asian markets have also responded positively. Japanese Yen strength moderated as safe-haven demand decreased, while Southeast Asian currencies generally firmed. This synchronized movement demonstrates how Middle Eastern stability affects the entire Asia-Pacific economic zone. Additionally, shipping insurance premiums through critical waterways have declined slightly, reducing costs for Australian exporters. These second-order effects gradually compound, potentially providing sustained support for the Australian economy. Technical Analysis and Trading Patterns Chart analysis reveals interesting patterns in AUD trading. The currency broke through key resistance levels following the diplomatic news, suggesting genuine momentum rather than temporary speculation. Trading volumes exceeded 30-day averages by approximately 40%, indicating institutional participation. Moreover, options markets showed reduced pricing for downside protection, reflecting improved confidence. Technical indicators like moving averages and relative strength indexes have turned bullish, though analysts caution that fundamental factors must sustain these technical signals. Historical Precedents and Future Projections Previous geopolitical de-escalations provide useful comparisons. For example, the 2015 Iran nuclear deal initially boosted risk assets, though effects diminished over subsequent months. Current circumstances differ significantly due to changed global energy dynamics and Australia’s altered trade relationships. Looking forward, most analysts project cautious optimism rather than dramatic shifts. The Commonwealth Bank’s research team notes, “While positive, these developments represent one factor among many influencing the Australian Dollar.” They cite domestic interest rates, Chinese economic performance, and commodity prices as equally important determinants. Market participants should monitor several upcoming events. First, the next round of talks scheduled for February 2025 will provide further clarity. Second, Australia’s quarterly inflation data will influence domestic monetary policy. Third, OPEC’s production decisions will affect commodity correlations. Fourth, US economic indicators may shift Federal Reserve policy expectations. Finally, China’s manufacturing data remains crucial for Australian export projections. These interconnected factors will collectively determine whether current AUD strength represents a temporary reaction or sustainable trend. Conclusion The Australian Dollar has gained meaningful support from optimistic developments in US-Iran diplomatic talks, illustrating how geopolitical progress influences currency markets. This movement reflects improved global risk sentiment and expectations of smoother international trade. However, sustained AUD strength will require continued diplomatic progress alongside supportive domestic economic conditions. Market participants should therefore maintain balanced perspectives, recognizing both the opportunity presented by reduced tensions and the multiple other factors affecting currency valuations. The Australian Dollar’s performance will continue serving as a valuable indicator of global economic confidence through 2025. FAQs Q1: How exactly do US-Iran talks affect the Australian Dollar? The talks reduce geopolitical risk, which improves global economic confidence. Since the AUD is a risk-sensitive currency tied to commodity exports and global growth, this improved sentiment increases demand for Australian assets, thereby strengthening the currency. Q2: Is this AUD strength likely to continue? Continuation depends on both sustained diplomatic progress and other factors like Australian interest rates, Chinese demand, and commodity prices. While the geopolitical development provides support, it represents one element in a complex valuation equation. Q3: What other currencies typically benefit from such developments? Other commodity currencies like the Canadian Dollar (CAD) and New Zealand Dollar (NZD) often move similarly. Emerging market currencies and growth-sensitive assets generally benefit from reduced geopolitical tensions. Q4: How does this affect Australian importers and exporters? A stronger AUD makes imports cheaper for Australian consumers and businesses but makes Australian exports more expensive for foreign buyers. Export-oriented sectors like mining and agriculture face mixed effects depending on their specific markets and contracts. Q5: What should traders watch next regarding this situation? Traders should monitor the next round of diplomatic talks, statements from involved governments, oil price movements, and broader risk indicators like equity market performance and volatility indexes. This post Australian Dollar Soars as US-Iran Diplomatic Breakthrough Eases Global Tensions first appeared on BitcoinWorld .

15 Apr 2026, 03:08

Ethereum Price Rejected at $2,400, Is Another Breakout Attempt Coming?

Ethereum price started a fresh surge and traded above $2,365. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,220 zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $2,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,300 zone. Ethereum Price Fails To Clear $2,400 Ethereum price managed to stay above the $2,200 support and started a fresh increase, like Bitcoin . ETH price gained pace for a move above $2,220 and $2,280. The bulls pumped the price above the $2,365 resistance. A high was formed at $2,417, and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2,180 swing low to the $2,416 high. Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average . If the bulls remain in action above $2,300, the price could attempt another increase. Immediate resistance is seen near the $2,360 level. The first key resistance is near the $2,380 level. The next major resistance is near the $2,400 level. A clear move above the $2,400 resistance might send the price toward the $2,480 resistance. An upside break above the $2,480 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,620 in the near term. More Downside In ETH? If Ethereum fails to clear the $2,400 resistance, it could start a downside correction. Initial support on the downside is near the $2,320 level. The first major support sits near the $2,300 zone. A clear move below the $2,300 support might push the price toward the $2,270 support and the 61.8% Fib retracement level of the upward move from the $2,180 swing low to the $2,416 high. Any more losses might send the price toward the $2,220 region. The main support could be $2,180. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,270 Major Resistance Level – $2,400

15 Apr 2026, 03:00

Lido DAO’s volume hits $100M – Will LDO’s $0.33 support hold?

LDO surged after surpassing Rocket Pool to be the largest ETH staking solution.

15 Apr 2026, 02:30

Bitcoin Price Has Not Reached Its Real Bottom, And A ‘Big Storm’ Is Coming

While others argue that the Bitcoin price has already found its bottom and could be gearing up for a bullish reversal, one crypto analyst has rejected these claims, expecting further downside instead. According to Marmot, a crypto expert on X, Bitcoin has not yet reached its true price floor. He warns that the flagship cryptocurrency could crash below $45,000 before any sustainable recovery to the upside takes shape. Bitcoin Price Action Mirrors 2022 Bear Market In a recent X post, Marmot shared a bearish analysis of Bitcoin, comparing its current bear market to past cycles. The analyst noted that Bitcoin’s recent price action closely mirrors patterns seen in the 2022 bear market. Related Reading: What The Bitcoin Relief Rally Above $71,000 Says About Where The Price Is Headed Notably, Bitcoin has already fallen more than 40% from its all-time high above $126,000 in October 2025. Since that peak, the flagship cryptocurrency has trended downward, recording brief price rallies, which Marmot has described as “fake recoveries.” These upside moves temporarily lure investors into the market before prices reverse sharply downwards, leading to losses. To support his bearish outlook, Marmot has divided Bitcoin’s current bear market into three phases. The first phase was completed after the cryptocurrency crashed by over 54%, now trading at around above $74,000. According to him, the market is now in the second bear phase, a period characterized by repeated bull traps, fakeouts, and continued volatility designed to wipe out short-term investors. The most recent bull trap was observed after the US-Iran ceasefire announcement, which sent Bitcoin surging briefly above $73,000. However, this rally proved short-lived as the price quickly reversed toward $71,000 before rebounding again above $74,000 at the time of writing. As bear traps repeatedly wipe out more shorts and long positions get caught in successive bull traps, Marmot argues that Bitcoin is now entering the final phase of its bear market. He believes that this stage is where Bitcoin’s true bottom is most likely to form. Analyst Forecasts The “Real” Bitcoin Bottom In his chart, Marmot placed Bitcoin’s projected bottom below the $43,700 level. With the price currently hovering around $74,000, this implies a potential decline of over 40% and a drop of more than 65% from its all-time high. Related Reading: Bitcoin Bulls Must Hold This Level Or Price Could Crash To $65,000 Again Before reaching that low, Marmot predicts that the market could experience one final crash to shake out the remaining market participants. His price chart shows that Bitcoin experienced a bear trap and a bull trap before ultimately bottoming during the 2022 cycle. Notably, the current cycle is almost perfectly repeating the same pattern, with BTC’s bull and bear trap already complete as the market gears up for its next bottom crash. The chart also shows that rather than a straight decline to the projected price floor, BTC could first drop to $45,500, stage a brief rebound, and then hit a bottom before recovering and climbing back above $45,000 as its new bullish phase begins. Featured image from Pixabay, chart from Tradingview.com