Bitcoin took a nosedive this year—dropping 23% since January—putting it firmly in the bear market club. It’s like that one friend who vows to “take it easy” after New Year’s and then immediately orders extra fries.
On Good Friday, Bitcoin was trading at a modest $84,555. Up 13% from its annual low, which somehow translates to a market cap north of $1.68 trillion. Basically, enough to buy… well, a lot of Lambos. Despite a 10% loss for 2025, Bitcoin’s holding its own better than the Nasdaq 100 index, which slipped 13%. So, it’s the financial equivalent of that kid who got a B+ while everyone else flunked.
History tells us this isn’t Bitcoin’s first rodeo—or its first headfirst plunge. It once tanked 35% from March to August of last year. Then, like a caffeine-fueled cat, it bounced back. It’s seen worse.
Remember November 2021? Bitcoin dropped from $68,980 to a “what do you mean there’s a recession?” low in 2022. Thanks, Federal Reserve rate hikes and spectacular disasters like Celsius, Terra, and FTX blowing up—crypto’s version of a soap opera.
So yeah, it might dip a bit more. But the fundamentals aren’t playing dead just yet. Mining difficulty hit an all-time high, which means fewer freshly minted coins are crowding the party. Scarcity, baby.
Meanwhile, fewer Bitcoins are hanging out on exchanges—down from 2.44 million last September to 2.18 million now. Hordes of holders must be thinking, “I’m not selling this monster just yet,” or they’re just confused. Either way, it’s a hint that panic isn’t the current vibe.
And if you need another crystal ball, check out gold’s recent surge, up 25% this year, hitting all-time highs. According to one crypto wizard (Joe Consorti), Bitcoin tailgates gold with a lag of about 100 to 150 days. So gold gets all the hype at the party, and Bitcoin strolls in fashionably late.
Bitcoin follows gold with a ~100 to 150-day lag.
When the printer roars to life, gold sniffs it out first, then bitcoin follows harder.
cc. @DAAF17 @LawrenceLepard
— Joe Consorti ⚡️ (@JoeConsorti) April 14, 2025
Bitcoin Price Technical Analysis (AKA Reading the Crystal Chart)
The weekly chart is basically Bitcoin saying, “I’m not down for the count just yet.” It’s hanging on to the 50-week Exponential Moving Average like a kid refusing to leave the playground since October 2023.
It’s also perched above the Ichimoku Cloud (sounds like a fancy meditation retreat but is actually bullish). Plus, it cleared a key hurdle at $73,685—the upper edge of that cup-and-handle pattern that chart geeks drool over.
This cup is pretty deep—78%—so if Bitcoin climbs the same distance it plunged, we could be looking at $123,585. That’s nearly a 45% jump and a perfect excuse for anyone to say, “I told you so” at your next family gathering.
But beware: if Bitcoin slips below $73,685, the party might be over, and the bullish outlook gets kicked to the curb.
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- tag, not repeated as a header. They want all images retained and no tags or color styles. First, I’ll start with the title. The original title is “Hyperliquid Price Reversal, Will Bears Drag HYPE Down to $35?” I need to make it more clickbaity and Terry Pratchett-esque. Maybe something like “Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸” That’s under 100 characters? Let me check: “Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸” – yes, 97 characters. Good. Next, the body. The first paragraph talks about the rollercoaster week with whale activity and liquidations. Terry would probably compare it to something absurd. Maybe a “rollercoaster” isn’t enough. Maybe “the Hyperliquid rollercoaster took a detour through a black hole” or something. Also, mention the whale trader with a humorous twist. Maybe “a certain whale with a penchant for drama and a balance sheet thicker than a fantasy novel” to add that Pratchett flair. The second paragraph about the $19 billion event. Maybe refer to it as “the Great Liquidation of Doom” or something. “fresh on the backdrop” could be “fresh from the annals of ‘Oh My Goodness, Not Again'” to add humor. In the price analysis section, the 8% drop. Terry might compare it to a “graceful swan dive into a puddle of despair.” The market cap and volume up 4.22%-maybe “panic selling and algorithmic trades are having a party where the only music is the sound of wallets sobbing.” The technicals part: slipped below SMA lines. Maybe “HYPE decided to play ‘hot potato’ with its moving averages.” MACD and RSI-describe them as “momentum indicators are throwing a hissy fit” and RSI “hovering near 41 like a nervous pigeon.” The FAQs need to be rewritten with sarcasm. “Why is Hyperliquid underperforming?” could be phrased as “Why is Hyperliquid underperforming? Well, let’s see. It’s like asking why a duck is bad at chess…” Then mention the technical breakdowns and whale shorts as “a perfect storm of technical breakdowns and whale-sized shorts.” Next support level: “The $33-$35 range is the next critical support zone…” Maybe “the $33-$35 range is where hopes go to be gently soothed by Fibonacci fairy dust.” Recovery question: “HYPE needs a sustained close above $41.42…” Maybe “HYPE needs to do the equivalent of a sober caber toss over $41.42.” Throughout, add emojis where appropriate. For example, after mentioning whales, add 🐋💸. In the FAQs, maybe 💩 for the underperforming question. Check for all images retained. The figure tag is there, so leave it as is. Avoid using tags, no color styles. Ensure the title is only in the tag and not as a header. The original had H2 headers, so keep those but maybe tweak the text to be more whimsical. Like “Hyperliquid Price Analysis” becomes “Hyperliquid Price Analysis (Or: The Day the HYPE Died?)” Wait, but the user said not to repeat the title in the body as a header. The original title was “Hyperliquid Price Reversal, Will Bears Drag HYPE Down to $35?” but the new title is different. So the H2 headers should be original, so the first H2 can stay as “Hyperliquid Price Analysis” but maybe add some humor there. Alternatively, maybe “Hyperliquid’s Great Adventure in the Land of Red Arrows” or something. But need to make sure it’s not the same as the title. Also, ensure that the humor is consistent throughout, with a bit of sarcasm and playful language. Avoid markdown, just HTML. Check for any tags and remove them. Use , , , etc., as in the original. Finally, wrap it all in HTML structure with the new title, and ensure emojis are appropriately placed without overdoing it. Let me go through each section step by step and inject the humor, sarcasm, and emojis as per Terry Pratchett’s style.End of Thought (23.26s) Hyperliquid’s Great HYPE-Drama: Bulls vs. Bears in a Deathwobble of Doom 🐂🐻💸
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2025-04-18 17:08