What will Bitcoin do? We take another look at the BTC chart this week! From the long term to the short term, we analyze price movements to get an indication of Bitcoin's current trend. What crucial levels play a role? And what can we expect in the coming days?
Disclaimer: This analysis is purely informational and not financial advice. Always do your own research before investing!
What should you consider?
Which economic figures are moving the market this week? It is wise to look ahead to the important economic data being released this week. These figures can have a broad impact on the global economy and thus indirectly affect the crypto market. Bitcoin and other cryptocurrencies often react to macroeconomic developments. Therefore, it is crucial to keep an eye on the following data this week:
German Prelim CPI m/m
ISM Manufacturing PMI
ADP Non-Farm Employment Change
Unemployment Claims
Average Hourly Earnings m/m
Unemployment Rate
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What will Bitcoin do in the long term?
As previously discussed, Bitcoin's price is still within the monthly Fair Value Gap (FVG). This is an area where supply and demand were not balanced, often causing the price to return to restore this equilibrium.
Since the FVG was created on the monthly chart, it may take weeks or even months to determine whether this area acts as support or resistance. Typically, such zones are respected, and in this case, the price could at least reach the all-time high (ATH) of $109,000.
The weekly $BTC chart
Zooming in on the weekly chart, we see no major changes or remarkable movements. The blue area marks the Fair Value Gaps (FVG) on the weekly chart, while the black line indicates the previous long-term high. This area is particularly interesting as it could potentially serve as an important support level.
Daily Bitcoin price action
On the daily chart, the price is still moving within a range formed by the previous lower high and lower low. Within this zone, it is difficult to determine whether the price will move bullish or bearish.
However, we can make two important observations. First, the price is in a range between $95,000 and $76,000 within a bearish order flow, continuously forming lower lows and lower highs on this timeframe.
Second, the formed FVGs are repeatedly not being respected. This indicates that the price is currently unreliable and could move in either direction. To gain more clarity, we switch to the 4-hour chart for extra context.
What will Bitcoin do this week?
On the 4-hour chart, the same range is visible as on the daily chart. Within this range, a bullish order flow emerged, marked by the black semicircles.
This short-term bullish trend was broken downward on Friday, March 28, 2025. The price then found support around $82,200.
There are multiple ways to interpret this, but two scenarios stand out:
Scenario 1: This could be a liquidity grab of the previous short-term low, the last higher low within the 4-hour bullish trend. This would mean that whales and institutional investors are utilizing the liquidity of traders closing positions at that level to take larger long positions. In that case, you would at least want to reach the $88,500 level, then move towards $95,000 to make the trend bullish again.
Scenario 2: Truly short-term bearish price action. The bearish daily Fair Value Gap is respected, and we drop towards $76,700, then further down to $73,000.
Are these scenarios immediately bullish or bearish?
In short: no. The price can always move in either direction.
Moreover, both scenarios can be forms of manipulation. It is common for a period of consolidation to be followed by a fake move before the price reverses sharply in the opposite direction. This aligns with the previously discussed concept of a liquidity grab.
Disclaimer: This is not financial advice. Always consider your own research and professional advice.