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Since hitting a new all-time high in January, Bitcoin (BTC) has struggled to establish a bullish form resulting in a downtrend that has lasted over the last two months. According to prominent market analyst Egrag Crypto, the premier cryptocurrency could likely remain in correction for the next few months before launching a price rally.

Bitcoin’s 231-Day Cycle Hints At $175,000 Target By September

Following an initial price decline in February, Egrag Crypto had postulated Bitcoin could experience a price correction due to a CME gap before experiencing a price bounce. However, the lack of strong bullish convictions over the past weeks has forced a conclusion that the premier cryptocurrency is stuck in a potentially long corrective phase.

According to Egrag in a recent post, Bitcoin’s ongoing correction aligns with a fractal pattern i.e. a repeating price structure that has appeared across multiple timeframes. This pattern is based on a 33-bar (231-day) cycle during which BTC transits from a corrective phase to an explosive price rally.

In comparing previous cycles to the current developing one, Egrag has predicted Bitcoin could potentially break out of its recalibration by June. In this case, the analyst expects the crypto market leader to hit a market top of $175,000 by September, hinting at a potential 107.83% gain on current market prices.

However, in igniting this price rally, market bulls must ensure a breakout above the stiff price barrier at $100,000. On the other hand, any potential fall below the $69,500-$71,500 support price level could invalidate this current bullish setup and possibly signal the end of the current bull run.

BTC Investors Wait As Exchange Activity Slows Down

In other news, popular crypto expert Ali Martinez has reported a decline in Bitcoin exchange-related activity indicating reduced investors’ interest and network utilization. Notably, this development suggests that investors are hesitating to deposit or withdraw Bitcoin on exchanges perhaps due to market uncertainty on the asset’s immediate future trajectory.

According to Martinez, Bitcoin is now likely to undergo a trend shift as investors wait for the next market catalyst. Notably, Bitcoin has shown commendable resilience despite the new tariffs imposed by the US government on April 2. According to data from Santiment, BTC’s price dipped only 4% in the hours following the announcement—a milder reaction compared to previous tariff-related market moves.

Since then, BTC has made some price gains and currently trades at $83,805 as investors flock to the crypto market which has recorded a $5.16 billion inflow over the past day. Meanwhile, BTC’s trading volume is up by 26.52% and is valued at $43.48 billion.

Featured image from UF News, chart from Tradingview

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Bitcoin is facing critical selling pressure as bulls struggle to reclaim the $90,000 level, while bears continue to test — but fail to break — the $81,000 support zone. The market remains stuck in a tight range, caught between resistance and support, with macroeconomic uncertainty and rising geopolitical tensions adding to the volatility. United States President Donald Trump’s latest tariff moves and unpredictable policy direction have only amplified investor caution, particularly toward risk-on assets like Bitcoin.

Despite the ongoing pressure, some key data suggests the worst may be behind. According to Glassnode, capital inflows into the crypto market have surged by an impressive 350% over the past two weeks. This sharp increase in fresh capital signals renewed investor interest, particularly from institutions, and could be a leading indicator of improving market sentiment.

While Bitcoin still faces resistance and uncertainty, the strength of these inflows hints at growing confidence beneath the surface. If the trend continues, it could help BTC reclaim higher levels and shift the market’s direction. For now, bulls must hold key support and watch for momentum above $90K to confirm the start of a meaningful recovery.

Bitcoin Market Reacts To Trump Tariffs And Surging Capital Inflows

Bitcoin is trading at critical levels as financial markets absorb the shock from Trump’s sweeping tariff announcement during Liberation Day. The unexpected move has triggered massive selling pressure across global markets, fueling a rise in volatility and uncertainty. Crypto has not been spared. Bitcoin, down 22% from its all-time high, continues to struggle as the broader correction phase that began in January shows no signs of reversing yet.

Trade war fears, compounded by ongoing macroeconomic instability, have shaken investor confidence. Traditional markets are seeing increased risk-off behavior, with capital shifting away from equities and high-volatility assets — Bitcoin included. As a result, panic selling and cautious sentiment have driven BTC lower, putting the $81,000 support level in the spotlight.

However, not all signals point to weakness. Top crypto analyst Ali Martinez shared insights showing that capital inflows into the crypto market have surged by 350% in just two weeks. According to on-chain data, crypto capital moved from $1.82 billion to $8.20 billion — a sign of renewed interest from investors and institutions despite bearish price action.

These inflows may signal that the market is preparing for a rebound once current macro pressures ease. While Bitcoin remains in a fragile state, capital inflow strength could provide a base for recovery in the weeks ahead.

BTC Price Action: Bulls Struggle To Reclaim Key Levels

Bitcoin is trading at $83,400 following several days of intense selling pressure and heightened volatility. The recent market shakeup has pushed BTC well below critical resistance zones, with bulls now fighting to reclaim lost ground. One of the most important levels in the short term is $85,500 — a zone that previously acted as strong support and now aligns closely with the 4-hour 200 moving average (MA) and exponential moving average (EMA).

Reclaiming this level is essential for any potential recovery. It would signal a shift in momentum and provide bulls with the technical foundation needed to make another attempt at the $88K to $90K range. However, BTC has so far failed to retest or break back above this zone, and continued rejection could lead to further downside.

If Bitcoin cannot reclaim the $85,500 level in the coming sessions, the probability of a deeper retrace grows significantly. A drop below the $81,000 mark — the current support floor — would likely open the door to even lower targets and confirm that the correction phase remains in full effect. With macro uncertainty still looming, BTC’s next move will be critical in shaping short-term market sentiment.

Featured image from Dall-E, chart from TradingView 

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April 5, 2025, marks what would be the 50th birthday of Satoshi Nakamoto—the pseudonymous creator of Bitcoin. This alleged birthday is based on the date listed in his P2P Foundation profile. 

While Nakamoto’s true identity remains unconfirmed, his legacy continues to shape the digital financial landscape. Here are five facts about the elusive Bitcoin architect:

April 5 Wasn’t Random

Nakamoto listed April 5, 1975, as his birthday—exactly 42 years after the US government banned private gold ownership under Executive Order 6102 on April 5, 1933, to stabilize the dollar. 

Bitcoin, by contrast, was designed to be a decentralized, deflationary alternative to fiat currency. Notably, BTC difficulty adjustment happens every 2016 block—2016 being 6102 in reverse.

Satoshi Nakamoto’s Bitcoin Fortune Remains Untouched

Satoshi’s wallet, believed to hold 1.096 million BTC, has remained untouched since early 2010. Over the past decade, its value has risen more than 333-fold, now exceeding $91 billion. 

Despite the wallet’s inactivity, CoinJoin transactions are regularly sent to its address. Some view this as an act of homage or a method of obfuscation.

Still No Definitive Identity

In March 2024, a UK court ruled that Australian computer scientist Craig Wright is not Satoshi, calling his claims “deliberately false.” 

An October 2024 HBO documentary controversially pointed to Canadian developer Peter Todd, who strongly denied any connection. 

More recently, internet theories have speculated on Jack Dorsey’s possible ties, though no evidence supports the claim. Nakamoto’s identity remains the internet’s most persistent mystery.

The Genesis Block’s Silent Message

Embedded in Bitcoin’s first block is the headline: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” The line is from a UK newspaper.

It is seen as a critique of centralized monetary policy and remains one of Nakamoto’s only public statements beyond technical documentation.

Bitcoin’s Design Still Holds

Fifteen years after its launch, Bitcoin remains secure and deflationary by design. Nakamoto’s codebase, while modified and improved by the open-source community, still forms the foundation of the network, securing over $1.6 trillion in value.