Bitcoin price started a fresh decline below the $80,000 zone. BTC is now correcting losses and might face resistance near the $80,500 zone.

• Bitcoin started a fresh decline below the $80,000 zone.
• The price is trading below $81,500 and the 100 hourly Simple moving average.
• There is a connecting bearish trend line forming with resistance at $80,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it clears the $81,500 zone.

Bitcoin Price Starts Recovery

Bitcoin price started a fresh decline below the $82,000 and $81,200 levels. BTC traded below the $80,500 and $80,000 levels to enter a bearish zone.

The price even dived below the $78,000 support zone. A low was formed at $74,409 and the price started a recovery wave. There was a move above the $76,800 level. The price climbed above the 50% Fib retracement level of the recent decline from the $83,680 swing high to the $74,409 low.

However, the price is struggling to continue higher. Bitcoin price is now trading below $81,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $80,400 level. There is also a connecting bearish trend line forming with resistance at $80,400 on the hourly chart of the BTC/USD pair.

The first key resistance is near the $81,500 level or the 76.4% Fib retracement level of the recent decline from the $83,680 swing high to the $74,409 low. The next key resistance could be $82,500. A close above the $82,500 resistance might send the price further higher. In the stated case, the price could rise and test the $83,500 resistance level. Any more gains might send the price toward the $85,000 level.

Another Decline In BTC?

If Bitcoin fails to rise above the $80,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $79,500 level. The first major support is near the $78,000 level.

The next support is now near the $76,500 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support sits at $74,400.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $79,500, followed by $78,000.

Major Resistance Levels – $80,500 and $81,500.

As the second week of April begins, several crypto airdrops are set to capture the attention of market participants.

Some projects are launching airdrops this week to engage communities and reward early adopters. Here’s a look at the most anticipated airdrops.

Sui

Boasting up to $385.37 million in funds raised, the Sui network announced a “community passport.”

Here, participants can mint the community passport to prove their humanity and qualify for airdrops from the projects in the Sui ecosystem. The passport only costs a few cents.

“2025 SUI community passport…Mint the Passport by entering your label. Get your stamps: My First Stamp and Walrus Mainnet. The Sui Community flourishes because of passionate members like you. Your contributions, through content and events, help elevate our Sui Community,” the network said.

In a follow-up post, the Sui community account said there is a high chance that participants will receive airdrops from owning these NFT (non-fungible token) Passports in the future.

Notably, the Sui Foundation has historically stated that no broad public airdrops are planned for the SUI token. Instead, it focused on targeted rewards via programs like the Community Access Program (CAP).

However, ecosystem projects on Sui, such as SuiNS, DeepBook, and Suilend, have conducted their own airdrops.

Besides the Mint NFT for the Sui community passport, which opened on April 2, there is also the Seal testnet. Sui creator MystenLabs launched Seal, giving developers an on-chain access control and threshold encryption.

“Web3 needs better data security Seal, a decentralized secrets management (DSM) service, is now live on Sui Testnet! Think of it as onchain access control + threshold encryption for sensitive data,” Mysten Labs noted.

This enables data management for encrypted storage, gated content, and private messaging, among other uses. Participants can test Seal and potentially qualify for future rewards.

ChainGPT

This week, another crypto airdrop to watch is ChainGPT, an AI-powered platform running on the BNB Chain. The CGPT token powers its ecosystem with a burn mechanism to reduce supply.

 ChainGPT collaborated with GT Protocol to launch an airdrop campaign, which commenced on March 26. It will run until April 16, barely a week left, featuring a $50,000 prize pool distributed in GTAI tokens.

Further, rewards are structured across various leaderboard tiers and a lottery system.

This campaign presents multiple opportunities for airdrop participants to earn points through NFT generation, minting, and social sharing activities.

“Win your share of $50,000 in GTAI tokens! Top winner gets $1,000, and a total of 1,500 winners will receive exciting rewards,” an airdrop researcher noted.

More than 6,100 participants are reportedly already engaged in this campaign, positioning themselves to earn GTAI tokens. However, eligibility for allocation is based on the respective user’s level of participation and point accumulation.

BoxBet

BoxBet is also on the radar for the top crypto airdrops this week. It is an iGaming platform that connects directly with Telegram’s extensive network of millions of users.

The platform features a well-designed, straightforward interface, and users can start gaming within 60 seconds. It launched in 2024, backed by tier-one investors and powered by BXBT.

BoxBet is hosting the BXBT token airdrop, distributing 5,000,000 BXBT tokens to users. Eligibility is based on individual participants’ betting volume.

It is worth noting that the project will take a snapshot of the leaderboard at the end of the airdrop period. Thereafter, eligible participants will receive their token allocations on a pro-rata basis.

To help maintain token stability, the rewards will be released over a three-month vesting period. Following the conclusion of the airdrop, users can claim their BXBT tokens in three equal installments.

Airdrop farmers should monitor Sui Network, ChainGPT, and BoxBet’s official channels for the latest updates. However, they must also conduct research.

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