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Bitcoin market sentiment appears cautious as seasonal tailwinds fail to materialize, BTC Markets analyst Rachael Lucas says. Bitcoin is trading around $68,000 on Wednesday, below the $70,000-$72,000 range needed to build stronger market conviction, Lucas says. Although April is historically the asset's strongest month, market movements have diverged from seasonal trends this year. Lucas notes investors' muted response to recent equity volatility suggests markets are taking a wait-and-see approach rather than positioning for gains. On the downside, traders are watching $65,000 as near-term support, with further weakness potentially pushing prices toward $56,800. On the upside, a break above $79,000 would be more significant and signal a renewed bullish trend. Bitcoin is last up 1.2% at $68,981.84. (jason.chau@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260401001381:0/
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