BIT: Bitcoin is in a clearly oversold range, but it is impossible to determine if the downtrend has ended

By: rootdata|2026/04/10 15:42:00
0
Share
copy

BIT's weekly report indicates that with the announcement of a ceasefire, inflationary pressures have risen, and the selection of the Federal Reserve Chair is also in a phase of heightened transition expectations. Logically, these factors combined should have led to more significant market fluctuations, but Bitcoin's overall response remains relatively limited. The market's muted reaction to multiple variables coming into play is noteworthy.

From a geopolitical perspective, the ceasefire arrangement promoted by Trump still faces considerable uncertainty in its actual implementation. Iran's influence in the passage arrangements in the Strait of Hormuz remains strong, and related shipping traffic is significantly below normal levels.

From a technical standpoint, Bitcoin is in a clearly oversold range, with some indicators beginning to show marginal recovery. However, it is still too early to conclude that the downward trend has ended based solely on these signals. In 2022, a similar oversold condition lasted for several months, during which there were moments of rebound signals, but ultimately failed to form an effective reversal. More important than whether the indicators rebound is which price level will trigger a market repricing, as well as the outcomes of two key events next week.

-- Price

--

You may also like

Bitcoin Hits $73,000 Triggering $427M Short Liquidation | Carl Moon: $200,000 is the Target

April 9, 2026 (UTC+0), 22:17. Bitcoin (BTC) executed a high-velocity surge within minutes, heavy-hitting the $73,000 psychological barrier and touching a local high near $74,000. While the price has since retraced to consolidate above $72,000, this "instant ambush" successfully completed a $427M liquidation of short positions.

a16z partner: perpetual contracts are rewriting the global trading rules

Perpetual contracts are shedding the label of tools in the crypto space and transforming into a foundational force reshaping the global trading structure. Thanks to breakthroughs in decentralized platforms and the introduction of RWA, perpetual contracts, with their round-the-clock operation, high c...

Bitcoin ETF Inflows Just Turned Positive After 5 Months of Outflows: What Does That Mean for BTC Price Now?

The Hidden Risks Behind Bitcoin ETF Inflows in 2026: What Traders Should Know. The question now isn't whether inflows are happening. It's what they're telling you about the next phase and whether your portfolio is positioned for it.

Decoding 2026's Bitcoin ETF Data: How to Trade Alongside Institutional Smart Money in 2026

After months of sustained outflows, rolling 30-day net ETF inflows just crossed 30,000 BTC. That's not noise. Historically, when institutional capital rotates back in at this scale, it marks a regime shift — not just a bounce.

Auto Earn Bonus 2026: WEEX vs Binance vs Bybit vs OKX vs Kraken (Only 1 Pays Extra)

Auto Earn 2026: Binance? Bybit? No extra bonus. Only WEEX gives +0.5% + 300% APR referral. Limited-time. See exactly how much more you can earn.

Auto Earn 2026: WEEX Offers 0.5% Extra + 300% APR Bonus — More Than Binance & Bybit?

Most exchanges offer Auto Earn, but only WEEX adds an extra 0.5% bonus on balance growth + 300% APR referral rewards in 2026. Here’s how WEEX compares to Binance, Bybit, OKX, and Kraken — and why you might earn more with a simple toggle.

Popular coins

Latest Crypto News

Read more