Bitcoin fell sharply below $65,000 today after the latest U.S. Producer Price Index (PPI) came in higher than
Despite the current weakness, April historically stands out as one of Bitcoin’s strongest months. Out of 13 trading years, only 5 times April month have closed negatively, with an average gain of around 13%. If this seasonal trend holds, April could mark the beginning of a recovery phase. For now, all eyes are on the $62,532 level. This zone acted as strong support last week. If Bitcoin falls below it, the next likely test is the $60,000 level. On the other hand, Bitcoin needs to close this week above $70,000 to confirm the start of a recovery phase. As of now, Bitcoin is trading near $64,912, down about 4% in the past 24 hours.Will April Trigger the Next Bitcoin Rally?
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