{"id":427497,"date":"2022-04-06T17:34:38","date_gmt":"2022-04-06T14:34:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-slides-below-44k-in-april-first-as-trader-warns-something-is-off-with-btc\/"},"modified":"2022-04-06T17:34:38","modified_gmt":"2022-04-06T14:34:38","slug":"bitcoin-slides-below-44k-in-april-first-as-trader-warns-something-is-off-with-btc","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-slides-below-44k-in-april-first-as-trader-warns-something-is-off-with-btc\/","title":{"rendered":"# Bitcoin slides below $44K in April first as trader warns \u2018something is off\u2019 with BTC"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a373cad57f9a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a373cad57f9a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-slides-below-44k-in-april-first-as-trader-warns-something-is-off-with-btc\/#%E2%80%9D_Bitcoin_slides_below_44K_in_April_first_as_trader_warns_%E2%80%98something_is_off_with_BTC_%E2%80%9C\" >&#8221; Bitcoin slides below $44K in April first as trader warns \u2018something is off\u2019 with BTC &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-slides-below-44k-in-april-first-as-trader-warns-something-is-off-with-btc\/#BTCs_price_posts_near_two-week_lows\" >BTC\u2019s price posts near two-week lows<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-slides-below-44k-in-april-first-as-trader-warns-something-is-off-with-btc\/#Current_spot_price_zone_is_crucial_to_hold\" >Current spot price zone is crucial to hold<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_slides_below_44K_in_April_first_as_trader_warns_%E2%80%98something_is_off_with_BTC_%E2%80%9C\"><\/span>&#8221; Bitcoin slides below $44K in April first as trader warns \u2018something is off\u2019 with BTC &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) continued its downturn into Wednesday\u2019s Wall Street open with its first test of $44,000 since the start of April.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/610ce6bb-d9fa-48dd-bb0c-2c6ffc420ebb.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"BTCs_price_posts_near_two-week_lows\"><\/span>BTC\u2019s price posts near two-week lows<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed BTC\/USD reaching 12-day lows of $43,801 on Bitstamp, down over 7% from the month\u2019s high.<\/p>\n<p>The move defied positive triggers in the form of fresh buy-ins from MicroStrategy and Terra, but analysts were instead eyeing macro factors as the next potential BTC price booster.<\/p>\n<p>Jeroen Blokland, a portfolio manager at asset manager Robeco, said that the United States 10-year treasury yield, on an uptrend throughout the year, should reverse direction and provide some respite for risk assets.<\/p>\n<p>\u201cWe are not there yet,\u201d he nonetheless <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jsblokland\/status\/1511576223524302851\">cautioned<\/a> on the day.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">US 10y yields jump to 2.56% thx largely to Brainard\u2019s hawkish remarks, which raised fears ahead of FOMC minutes on Wed. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/SpvFPKeFIB\">pic.twitter.com\/SpvFPKeFIB<\/a><\/p>\n<p>\u2014 Holger Zschaepitz (@Schuldensuehner) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1511495817663856646?ref_src=twsrc%5Etfw\">April 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a potential countermove, the U.S. Federal Reserve has revealed that May should bring the start of \u201caggressive\u201d balance sheet reduction, this marking an end to \u201ceasy money\u201d policy, which many had feared would pressure risk-asset demand.<\/p>\n<p>\u201cIt is of paramount importance to get inflation down,\u201d future Fed vice chair Lael Brainard said in comments at a conference this week,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/848a70fe-557b-40a0-949b-70acc6ac6905\">quoted<\/a>\u00a0by the Financial Times, among others.<\/p>\n<blockquote><p>\u201cAccordingly, the committee will continue tightening monetary policy methodically through a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of interest rate increases and by starting to reduce the balance sheet at a rapid pace as soon as our May meeting.\u201d<\/p><\/blockquote>\n<p>Inflation continued to trouble sentiment beyond the U.S., with eurozone annual producer price inflation jumping by the most on record in February \u2014 over 31%. Coming before the Russia\u2013Ukraine war, it is likely that future readouts will be even higher.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Current_spot_price_zone_is_crucial_to_hold\"><\/span>Current spot price zone is crucial to hold<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a troubling environment, price watchers were prepared to cut spot some slack, calling for $44,000 to hold as a bullish foundation.<\/p>\n<p><em><strong>Related:\u00a0<\/strong><strong>Bitcoin retests key level that sparked 66% BTC price gains in 2021<\/strong><\/em><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> Daily<\/p>\n<p>+ EMAs stacked in the same order<br \/>+ Price testing the 200 at the 0.618 retracement<\/p>\n<p>All while trying to exit a 2-month long accumulation zone.<\/p>\n<p>Hold this 44-45K area and we&#8217;re probably continuing up the mid-50s. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/buzl4vvFms\">pic.twitter.com\/buzl4vvFms<\/a><\/p>\n<p>\u2014 TechDev (@TechDev_52) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1511545803453734913?ref_src=twsrc%5Etfw\">April 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Private fund manager and CryptoQuant contributor known for his popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Gaah argued that $44,400 was the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/gaah_im\/status\/1511664609278767110\">level to defend<\/a> in order to avoid a dive that could potentially take the market to $37,000.<\/p>\n<p>\u201cSomething is off and the coming days will show what is h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening,\u201d trader Crypto Ed added, striking a more concerned tone.<\/p>\n<p>A failure to hold $45,000, something that subsequently played out, would thus open up the road to the low $43,000s, he\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=rvYJdCU_2Mg\">said<\/a>\u00a0in his latest YouTube update.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-slides-below-44k-in-april-first-as-trader-warns-something-is-off-with-btc\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin slides below $44K in April first as trader warns \u2018something is off\u2019 with BTC &#8220; Bitcoin (BTC) continued its downturn into Wednesday\u2019s Wall Street open with its first test of $44,000 since the start of April. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC\u2019s price posts near two-week lows Data from Cointelegraph Markets&#8230;<\/p>\n","protected":false},"author":1,"featured_media":427498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMzVjMzZjZWItN2M4ZC00MTVkLTlhYjktNTExNTU5Mjg5ZmRkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,75022,73785],"class_list":["post-427497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-central-bank","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=427497"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/427498"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=427497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=427497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=427497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}