{"id":438294,"date":"2022-04-27T19:33:44","date_gmt":"2022-04-27T16:33:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/trader-flags-btc-price-levels-to-watch-as-bitcoin-still-risks-30k-ultimate-bottom\/"},"modified":"2022-04-27T19:33:44","modified_gmt":"2022-04-27T16:33:44","slug":"trader-flags-btc-price-levels-to-watch-as-bitcoin-still-risks-30k-ultimate-bottom","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/trader-flags-btc-price-levels-to-watch-as-bitcoin-still-risks-30k-ultimate-bottom\/","title":{"rendered":"# Trader flags BTC price levels to watch as Bitcoin still risks $30K &#8216;ultimate bottom&#8217;"},"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-6a407a1f6fd8c\" 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-6a407a1f6fd8c\" 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\/trader-flags-btc-price-levels-to-watch-as-bitcoin-still-risks-30k-ultimate-bottom\/#%E2%80%9D_Trader_flags_BTC_price_levels_to_watch_as_Bitcoin_still_risks_30K_%E2%80%98ultimate_bottom_%E2%80%9C\" >&#8221; Trader flags BTC price levels to watch as Bitcoin still risks $30K &#8216;ultimate bottom&#8217; &#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\/trader-flags-btc-price-levels-to-watch-as-bitcoin-still-risks-30k-ultimate-bottom\/#BTC_faces_off_with_the_support_zone_to_hold\" >BTC faces off with the support zone to hold<\/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\/trader-flags-btc-price-levels-to-watch-as-bitcoin-still-risks-30k-ultimate-bottom\/#Dollar_checks_rise_as_crucial_resistance_nears\" >Dollar checks rise as crucial resistance nears<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Trader_flags_BTC_price_levels_to_watch_as_Bitcoin_still_risks_30K_%E2%80%98ultimate_bottom_%E2%80%9C\"><\/span>&#8221; Trader flags BTC price levels to watch as Bitcoin still risks $30K &#8216;ultimate bottom&#8217; &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) remains a slave of the U.S. dollar on April 27 as the greenback spells fresh misery for risk assets across the board.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/b011915a-b673-436a-956f-2e20e359efbe.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=\"BTC_faces_off_with_the_support_zone_to_hold\"><\/span>BTC faces off with the support zone to hold<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 a precarious picture of BTC markets on April 27 as bulls battled for control of short-term support levels.<\/p>\n<p>After dipping to $37,700 on April 26, Bitcoin saw a relief bounce that culminated in a rebound to $39,200 \u2014 a zone th is now critical to flip back to support, one trader says.<\/p>\n<p>In his latest <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">YouTube<\/a> update, Cointelegraph contributor Micha\u00ebl van de Poppe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=fcnF5tp8bZI\">highlighted<\/a> the area around $39,300 as a springboard for BTC\/USD to attack short-timeframe resistance. Flip it, he said, and the pair could then target $42,600.<\/p>\n<p>&#8220;If we lose this one, I think we are looking for short opportunities,&#8221; he explained, with possible confirmations of a bottom coming below $37,000.<\/p>\n<blockquote><p>&#8220;If we lose this level as support, I think it could be nosediving as we&#8217;re going to trigger liquidity below the lows and then we might be testing some lower levels in which ultimately, if the markets are really ready to nuke,\u00a0I&#8217;m looking at $30,000 as the ultimate bottom for the markets.&#8221;<\/p><\/blockquote>\n<p>Van de Poppe is far from alone in calling for a $10,000 step down. In recent weeks, several figures have given $30,000 as a target, among them former BitMEX CEO\u00a0Arthur Hayes and Bloomberg Intelligence chief commodities strategist\u00a0Mike McGlone.<\/p>\n<p>In his latest blog post, meanwhile, Hayes expanded on his short- to the mid-term view of asset prices, forecasting a dramatic renaissance in both Bitcoin and gold, which he says will hit $1 million and up to $20,000, respectively, by 2030.<\/p>\n<p>XAU\/USD traded at $1,887 at the time of writing, having almost hit $2,000 on April 18.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/cdfa4a63-35e1-4ffb-9b8e-9d3e7d4851e8.png\"><figcaption style=\"text-align: center;\"><em>XAU\/USD 1-day candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Dollar_checks_rise_as_crucial_resistance_nears\"><\/span>Dollar checks rise as crucial resistance nears<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As throughout this week, everything hinges on the U.S. dollar currency index (DXY).<\/p>\n<p><strong><em>Related:\u00a0Purpose Bitcoin ETF adds 1.1K BTC as data hints investors want to &#8216;buy the dip&#8217;<\/em><\/strong><\/p>\n<p>Reaching 103.28 on April 27, DXY is attempting to match and break above its highs from March 2020, something that would mean multi-decade highs should it succeed.<\/p>\n<p>Van de Poppe flagged 103.77 as the level to watch, while a break in the upside would reduce pressure on Bitcoin and other risk assets.<\/p>\n<p>&#8220;If the DXY is finding itself a top \u2014 which is most likely going to be above those highs \u2014 and take the liquidity there, I think you&#8217;ll want to be long Bitcoin,&#8221; he added, predicting a &#8220;serious run&#8221; for BTC should a DXY retracement come in tandem with BTC\/USD reclaiming support.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/45b587d0-c71b-4e11-9e95-e9f8dc3f6fcc.png\"><figcaption style=\"text-align: center;\"><em>U.S. dollar currency index (DXY) 1-week candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\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><\/p>\n<\/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\/trader-flags-btc-price-levels-to-watch-as-bitcoin-still-risks-30k-ultimate-bottom\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Trader flags BTC price levels to watch as Bitcoin still risks $30K &#8216;ultimate bottom&#8217; &#8220; Bitcoin (BTC) remains a slave of the U.S. dollar on April 27 as the greenback spells fresh misery for risk assets across the board. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC faces off with the support zone to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":438295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNGQyMWYwNTktOTkyMC00ZDBhLWIyNTQtMjQ0YTY1NTVhMTgzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,76153,73785],"class_list":["post-438294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-dollar","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438294","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=438294"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/438295"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=438294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=438294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=438294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}