There have been several alarming indications in Bitcoin’s recent price movement. The crypto king is susceptible to more drops because it has not been able to overcome significant resistance levels.
A Death Cross might occur when Bitcoin approaches the $80,000 support level, heightening market pessimism.
Bitcoin investors are skeptical
The main culprits behind the continuous losses are Short-Term Holders (STHs), who purchase at higher prices. These investors have been aggressively recording losses in reaction to the erratic market circumstances for Bitcoin, which reflects the unpredictability of the landscape that has made it challenging for novice investors to traverse.
As a result of their prolonged market presence, Long-Term Holders (LTHs) are still making money. However, given the state of the market, fresh capital inflows are stagnating, and STH losses are offsetting LTH earnings. This indicates a possible halt in price movement by weakening resistance and demand.
Consistent capital inflows are usually necessary to keep the market positive, but it appears that the market is currently missing that vital support. With both profit-taking and loss-realization leveling out, the general feeling indicates a neutral position.
More indications of negative pressure are emerging in the crypto king’s macro momentum, especially with the Exponential Moving Averages (EMAs). A Death Cross would occur if the 200-day EMA crossed the 50-day EMA, which is less than 3% away. Bitcoin’s 18-month Golden Cross may be coming to an end since this technical pattern has traditionally indicated large price corrections.
Traders and investors are keeping a watchful eye out for any indications of a correction as the EMAs get closer to this crucial mark. The stability of Bitcoin’s price is further threatened by the dread of a Death Cross. The market may become even more pessimistic if the 50-day EMA crosses below the 200-day EMA, which might lead to more sell-offs.
Is BTC price primed for further decline?
At $82,248, Bitcoin is getting close to the crucial psychological support level of $80,000. Bitcoin has not broken out of the two-month expanding descending wedge pattern, despite breakout efforts. This trend raises the possibility that Bitcoin is about to drop even lower.
Bitcoin is probably going to break through the $80,000 support level and get close to $76,741 if the negative trend continues. Given the technical signs and the absence of robust purchasing support, this situation would strengthen the bearish perspective. A collapse below these thresholds would indicate a more significant correction and the possibility of more drops.
However, if the price of Bitcoin is able to recover $82,761 as support, this short-term bearish thesis can be disproved. Bitcoin may break out of the present pattern and indicate a possible reversal if it surpasses the $85,000 mark. A significant increase over $86,822 would indicate that the bullish trend is returning, dispelling the bearish momentum that is now controlling the market.
Metaplanet issues zero-interest bonds worth $13M to acquire more Bitcoin
All zero-interest bonds will go to the EVO FUND; early departure is permitted under specific circumstances, and the complete redemption is scheduled for September 30, 2025.
Metaplanet, a Tokyo-based company, is working harder to make Bitcoin the main focus of its business plan.
The corporation said on Monday that it has issued 2 billion yen (about $13.3 million) in ordinary bonds with no interest as part of this endeavor. It said that the money raised will only be utilized to buy more Bitcoin.
Approved at a board meeting on March 31, the bond issue is part of Metaplanet’s larger effort to establish Bitcoin as a key component of its corporate treasury.
*Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/ZrC5plI1Nc
— Metaplanet Inc. (@Metaplanet_JP) March 31, 2025
Metaplanet taps stock proceeds to cover bonds
Notably, all bonds will be assigned to the EVO FUND, have no interest, and are set to be fully redeemed on September 30, 2025. However, the bondholder has considerable flexibility because early redemption is allowed under certain circumstances.
As explained in its filings from January 2025, Metaplanet intends to utilize the money received from the exercise of its current stock acquisition rights to pay for redemption. The strategic ramifications are significantly more telling, according to the corporation, although the financial impact on its 2025 earnings will be minimal.
Eric Trump joins Metaplanet’s advisory board
Taking inspiration from US-based MicroStrategy, Metaplanet has been gradually evolving into a Bitcoin-aligned business. It started buying Bitcoin in April 2024 and now has 3,200 of the cryptocurrency, which is worth around $260.8 million.
Its avowed objective to accumulate a 10,000 BTC reserve by the end of 2025 is even more grandiose.
The business views Bitcoin as a hedge against the long-term economic challenges facing Japan, such as rising national debt and currency instability. Metaplanet is placing more of a wager on the long-term resilience of decentralized assets than on the stability of fiat money by anchoring its balance sheet on Bitcoin.
Earlier this month, Metaplanet strengthened its advisory group by adding well-known cryptocurrency supporter Eric Trump as the first member of its newly established Strategic Board of Advisors. The corporation said that Trump’s presence would hasten its goal of promoting Bitcoin adoption.
Dogecoin price falls after Musk clarifies US Government’s DOGE position
Dogecoin has lately seen a number of setbacks, including a botched breakout effort that caused its price to drop. A recent remark from Elon Musk that raised concerns about Dogecoin’s future made this decline even worse.
Long-term holders (LTHs), who buy additional DOGE at the present low prices, are primarily responsible for the altcoin’s revival despite these obstacles.
Dogecoin is facing mixed signals
The Network Value to Transaction (NVT) ratio of Dogecoin has increased dramatically, peaking at a three-month high. This implies that there may be a lack of investor trust because the network’s value does not correspond with the volume of transactions.
The latest remark made by Elon Musk on DOGE intensified the conversation over the cryptocurrency. There was significant negative emotion when he stressed that the US government had no plans to use Dogecoin in any way. Although it hasn’t entirely destroyed the coin’s market position, this remark reduced hopes for it.
The recent surge in the HODLer Net Position Change indicates that Dogecoin’s macro momentum is stabilizing. During the current decline, LTHs have been actively accumulating DOGE, indicating high conviction among these holders.
This accumulation offers a certain amount of support, which can aid in the coin’s recovery and stop more price drops. Despite recent market volatility and Musk’s contentious remark, the increasing position shift indicates that LTHs remain optimistic about Dogecoin’s long-term sustainability.
A floor might build underneath Dogecoin’s price as a result of the LTHs’ ongoing accumulation, acting as a safeguard against more negative forces. These holdings may turn into a catalyst for the subsequent upward surge when the market levels off and mood changes.
DOGE price stumbles, but can it recover?
At the moment, Dogecoin is trading at $0.163, slightly below the $0.164 support level. After an unsuccessful effort to break through the $0.198 resistance level, the currency has dropped 16% over the past five days. Without outside triggers, DOGE could not see price increases right away, as seen by its inability to break through important resistance levels.
It’s unlikely that Dogecoin will see any notable drops in the foreseeable future given the state of the market. The coin can continue to consolidate slightly below the barrier of $0.198 and regain $0.164 as support. Nevertheless, unless further powerful market signals appear to drive the price upward, this consolidation may continue.
This bullish-neutral perspective would only be rendered invalid if Musk’s remark caused DOGE’s price to decline any further. The meme currency may then continue its current losses by falling below $0.147. A prolonged decline would indicate further pessimism in the market and may put a stop to Dogecoin’s comeback.
