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As sales pressures fell, Bitcoin prices found stability above the $84,000 mark. Future has renewed market activity by increasing open interest of more than 1%. Traders are monitoring $86,000 in resistance and $78,000 in support.
Bitcoin, the world’s largest cryptocurrency
BTC
$82 771
24-hour volatility:
0.4%
Market Cap:
$1.64 t
Vol. 24H:
$21.13 b
returned to the spotlight after regaining the $84,000 mark in price. This price transfer suggests a potential period of stability following recent negative growth trends.
The broader digital asset markets are also experiencing significant changes driven by lower sales pressures and increased organizational demand.
Bitcoin prices hold $84,000 as sales slows down
Bitcoin price was $84,306.76, an increase of 2.62% over the past 24 hours. Similarly, BTC trading volume rose 35.95% over 24 hours to around $27.58 billion.
In particular, the circulation supply is 19,844,915 BTC, which contributes to a market capitalization of around $1.675 trillion.
Coinglass’ recent data shows significant growth in open interest in Bitcoin futures. If anything, trader involvement is on the rise. Total open profits on BTC futures across major exchanges have risen by more than $1000.44 billion, up over 1%.
Additionally, crypto analyst Axel Adler Jr. pointed out a significant drop in sales pressure across major exchanges. Daily sales have declined from 81,000 btc to 29,000 btc, meaning fewer traders offload their holdings.
Top Exchange average sales pressure fell from 81K to 29K BTC per day.
Welcome to the asymmetric demand zone.
The market successfully absorbed the wave of profitability after a break of over $100,000.
Sellers are running out, buyers look comfortable…pic.twitter.com/mgzrcacmmq– Axel💎🙌Adler Jr (@axeladlerjr) April 1, 2025
Experts also speculate that this decline in sales activity could lead to a supply shortage in the coming weeks, providing strong support for Bitcoin’s price swing. Additionally, some market analysts believe Bitcoin will remain in the consolidation phase throughout April and May.
Price fluctuations can become less volatile as the market absorbs recent profits. In March, despite a short DIP of less than $82,000, buyers quickly bolstered Bitcoin to a support level of $81,500. If this trend continues, Bitcoin prices will remain in position above $84,000 and may move higher.
Still, with a small number of sellers in the market, investors are closely watching the resistance level. The immediate target is $85,000, with the recent price range being tested multiple times. A potential breakout beyond this level could set the rally’s stage at $88,000 or more.
On the downside, the main support level is $81,500, and if sales pressures recover again, it could potentially retest $78,000. Top trader Peter Brandt has not ruled out the possibility that Bitcoin will again test the $70,000 floor if the main support levels are not retained.
Source: TradingView
As the market eases its latest recovery move, the resistance with the $86,000 mark and $78,000 support is worth seeing.
The impact of institutional demand and vinanence
It is worth mentioning that corporate investors are important in determining the direction of Bitcoin price.
Unlike retailers, institutions operate with longer investment cycles. This often reduces market volatility. Based on the institution’s embrace, Japanese investment company Metaplanet Inc. has acquired an additional 696 BTC using put options held in cash, bringing its total holdings to 4,046 BTC.
Some analysts now believe that Bitcoin price movements and integration will be primarily affected by the effects of macroeconomic events such as Federal Reserve policy changes and inflation reporting.
Another important factor shaping the Bitcoin trend is Binance’s dominance in the spot trading market. Binance’s trading volume is eight times greater than Coinbase’s trading volume.
In the past, BTC has seen prices rise as Binance leads in trading volume. If this trend continues, Bitcoin can gain even more upward momentum.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who writes about real-life applications of blockchain technology and innovation, promoting general acceptance and global integration of emerging technologies worldwide. His desire to educate people about cryptocurrency inspires his contributions to well-known blockchain media and sites.
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