Bitcoin price started a decent increase above the $70,000 zone. BTC is now 
consolidating and might aim for more gains if it clears $72,000. Bitcoin 
started a decent recovery wave above the $70,000 zone. The price is trading 
above $70,000 and the 100 hourly simple moving average. There was a break 
above a bullish flag with resistance at $70,500 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might dip again if it trades 
below the $70,400 and $70,000 levels. Bitcoin Price Aims Steady Gains Bitcoin 
price remained elevated and extended its increase above the $69,200 level. BTC 
climbed above the $69,500 and $70,000 resistance levels. There was a break 
above a bullish flag with resistance at $70,500 on the hourly chart of the 
BTC/USD pair. The pair even climbed above the $71,000 level. A high was formed 
at $71,750, and the pair is now consolidating gains near the 23.6% Fib 
retracement level of the recent upward move from the $68,971 swing low to the 
$71,750 high. Bitcoin is now trading above $70,800 and the 100 hourly simple 
moving average. If the price remains stable above $70,400, it could attempt a 
fresh increase. Immediate resistance is near the $71,750 level. The first key 
resistance is near the $72,000 level. A close above the $72,000 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $73,200 resistance. Any more gains might send the price toward 
the $74,000 level. The next barrier for the bulls could be $75,000. Another 
Decline In BTC? If Bitcoin fails to rise above the $71,750 resistance zone, it 
could start another decline. Immediate support is near the $70,400 level or 
the 50% Fib retracement level of the recent upward move from the $68,971 swing 
low to the $71,750 high. The first major support is near the $70,000 level. 
The next support is now near the $68,800 zone. Any more losses might send the 
price toward the $67,250 support in the near term. The main support now sits 
at $66,500, below which BTC might struggle to recover in the near term. 
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 – $70,400, followed by $70,000. 
Major Resistance Levels – $71,750 and $72,000.

Bitcoin Price Shows Bullish Setup — Takeover Rally Incoming?

CryptoQuant&#8217;s Bitcoin Bull Score Index has jumped to a value of 30, indicating 
bearish conditions persist for the asset, but are no longer as extreme. 
Bitcoin Bull Score Index Has Seen A Small Uptick In a new post on X, 
CryptoQuant head of research Julio Moreno has talked about the latest trend in 
the Bull Score Index for Bitcoin. This indicator basically tells us about the 
phase of the market that the cryptocurrency is currently in. The metric 
determines this by referring to the data of ten indicators covering different 
aspects of the network. Some of the major on-chain indicators part of the 
index include the MVRZ Z-Score, Realized Price, and CryptoQuant P&amp;L Index. 
Related Reading: XRP Bollinger Bands Are Squeezing—Volatility Incoming? The 
Bull Score Index&#8217;s value corresponds to the number of these metrics that are 
currently giving a bullish signal for BTC. For example, a value of 60 implies 
six indicators are giving the green light. Now, here is the chart shared by 
Moreno that shows how the Bitcoin Bull Score Index has fluctuated over the 
last few months: As displayed in the above graph, the Bitcoin Bull Score Index 
dropped to a value of zero earlier, implying that all ten indicators turned 
bearish on the digital asset. The red signals on the metrics came after the 
asset&#8217;s price experienced a significant drawdown. Recently, the Bull Score 
Index has observed some recovery, implying improvements in on-chain 
indicators. The surge hasn&#8217;t been too massive, however, taking the metric to a 
value of 30, corresponding to just three indicators giving bullish signals. 
&#8220;Bull flags that turned on were: exchange flows, stablecoin liquidity growth, 
and price momentum,&#8221; explained the analyst. Nonetheless, the jump has been 
enough to lift the Bull Score Index out of the &#8220;extra bearish&#8221; zone, 
corresponding to values of 20 and below. The normal bearish zone has its 
cutoff at 40, so at least two more indicators will have to turn green before 
the indicator can escape it as well. Whether the current Bull Score Index 
recovery will actually lead to it escaping the bearish territory may come down 
to whether the market recovery is part of a wider shift. The CryptoQuant head 
doesn&#8217;t think it&#8217;s the case, noting, &#8220;We are still in a bear market, but in a 
relief rally.&#8221; Related Reading: Bitcoin Short Bets Surge—Will Bears Get 
Squeezed? In some other news, Bitcoin sellers have taken to loss-taking on the 
net recently, as on-chain analytics firm Glassnode has pointed out in an X 
post. From the chart, it&#8217;s visible that the 90-day moving average (MA) of the 
Bitcoin Realized Profit/Loss Ratio is now under the 1 mark, meaning losses are 
outpacing profits. &#8220;Historically, breaks below the neutral level (~1) have 
persisted for 6+ months before reclaiming it,&#8221; said Glassnode. BTC Price 
Bitcoin has already recovered back above the $70,000 level from its dip under 
$66,000 during the weekend. Featured image from Dall-E, chart from 
TradingView.com

Bitcoin Bull Score Surges To 30, Exits ‘Extra Bearish’ Zone

Donald Trump is billed as the keynote speaker at an event in Florida for his 
top memecoin holders, which comes as the token hits an all-time low.

Trump offers memecoin holders another gala to boost token from lows

U.S. regulators move to tighten coordination as the SEC and CFTC launch a 
joint framework aimed at reducing regulatory conflicts, modernizing oversight, 
and shaping clearer rules for emerging financial markets, including crypto 
assets. Regulatory Turf Wars End as SEC and CFTC Coordinate Oversight Across 
US Markets Federal financial regulators moved to coordinate oversight on March 
[…]

SEC and CFTC Strike Historic Pact to Align US Financial and Crypto Market Rules

Solana is attempting to stabilize after recent downside pressure, with the $85 
level emerging as a key support zone. Price action is beginning to show early 
signs of base formation as bulls try to defend this area and slow the broader 
decline. While the short-term structure hints at a possible recovery attempt, 
a stronger shift in momentum will likely require a decisive push toward higher 
resistance levels. Solana Shows Early Signs Of Stabilization Near Key Zone In 
a recent technical brief, MakroVision Research highlighted that Solana is 
beginning to display early signs of stabilization following its recent period 
of weakness. While the broader market structure remains under pressure, 
current price behavior suggests selling momentum may be slowing, allowing the 
market to attempt a short-term recovery phase. Related Reading: Top Analyst 
Suggests Solana May Surpass XRP In Market Value: Here’s Why And When According 
to the analysis, Solana is presently consolidating just above the $85 level, a 
price zone that carries significant short-term importance. At the same time, 
the chart is forming a slightly rising structure characterized by gradually 
higher lows. As this pattern develops, the price is once again approaching the 
upper boundary of the formation, suggesting that market participants are 
testing whether enough momentum exists to push the price higher. Despite these 
constructive short-term developments, the broader trend remains bearish. 
Solana is still trading clearly below the descending red trendline, which 
continues to confirm the prevailing downtrend. $100 Trendline Break Could 
Signal Bullish Shift The analyst further stressed that a clear breakout above 
the descending red trendline around the $100 level would represent the first 
meaningful bullish signal for Solana in the current market structure. This 
suggests that buyers are beginning to regain control, potentially opening the 
door for a stronger recovery and a shift in short-term momentum. Related 
Reading: Solana’s Next Major Support Levels Sit At $50, $22, And $10: Analyst 
On the other hand, the outlook remains cautious as long as the price continues 
to trade below that key trendline resistance. If Solana approaches the $100 
area but faces another strong rejection, it would reinforce the idea that the 
broader downtrend remains firmly intact. In the near term, Solana appears to 
be stabilizing after its recent decline and is attempting to build a potential 
base structure. The emergence of gradually rising lows suggests that buyers 
are starting to defend current levels, which could provide a foundation for a 
possible upward move if momentum improves. For the bullish scenario to gain 
traction, holding the $85 support level remains crucial. As long as this zone 
continues to act as a floor, the market retains the possibility of pushing 
higher. A sustained reclaim of the $100 level would be the real turning point 
to improving the overall technical outlook, while repeated rejections would 
confirm the existing downtrend. Featured image from iStock, chart from 
Tradingview.com

Cryptocurrency price in CLP