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The Bitcoin (BTC) price crash to $74,000 has left traders speculating whether 
the cryptocurrency has finally hit a bottom. However, a CMT-certified analyst 
suggests that Bitcoin’s price correction is far from over. He has predicted an 
even deeper pullback to $38,000 &#8211; $42,000, which he identifies as Bitcoin’s 
final price bottom. In a detailed Elliott Wave-based chart analysis, CMT- 
certified technical analyst Tony Severino outlines a classic 5-wave impulsive 
structure that appears to have completed its final leg near $85,000. 
Severino’s analysis highlights that Bitcoin’s latest decline to $74,000 is 
merely the start of a broader ABC corrective pattern, potentially driving the 
cryptocurrency down to a bottom in the range of $38,000 &#8211; $42,000. New Bitcoin 
Price Bottom Incoming In Bitcoin’s 5-wave impulse structure, Wave 1 began with 
a sharp bear market low, followed by Wave 2, a corrective pullback. Wave 3 
marked the strongest upward move, subdivided into five smaller waves (i to v). 
After the market paused briefly for a pullback in Wave 4, Wave 5 kicked off 
with a final push toward a peak near $85,000. Related Reading: Bitcoin RSI 
Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time 
Following the top of Wave 5, Bitcoin’s ABC corrective structure began, marked 
by the red line on the chart. According to the analyst, the cryptocurrency is 
currently completing Wave A of this corrective pattern, which is expected to 
bottom out near $62,000 &#8211; $65,000 by June 2025. This price range coincides 
with the previous main correction zone around Wave 4, which is a common target 
for Wave A retracements. Notably, a bigger concern comes after Bitcoin’s 
possible crash to $65,000 &#8211; $62,000. The analyst anticipates a short-lived 
bounce in Wave B, followed by a more pronounced decline in Wave C. This 
downturn is expected to push the Bitcoin price to its final bottom target 
between $38,000 and $42,000 by April 2026. This pullback target further aligns 
with the iv sub-wave of Wave 3, which often serves as a key retracement zone 
during market corrections. Severino has confirmed through his technical 
analysis that the market is now in a bear phase. His price chart incorporates 
cyclical timing models, marking a complete market cycle characterized by a 
bull market peak in 2025, followed by a bear market extending into mid-2026. 
This timeline is consistent with Bitcoin&#8217;s typical four-year halving cycle, 
where the market reaches its peak the year after the halving event before 
entering a bear market phase. Analyst Flags Death Cross In BTC’s Chart 
According to reports from BarChart on X, Bitcoin has just formed a Death Cross 
on its price chart for the first time since September 2024. A Death Cross 
occurs when the 50 Moving Average (MA) crosses below the 200 MA. Related 
Reading: Bitcoin Marks 114 Weeks In Active Buy Signal On The SuperTrend 
Weekly, But Things Could Turn Bad If This Happens This distinct chart pattern 
is often considered a bearish sign, indicating that a potential downtrend 
might be on the horizon. Considering Bitcoin’s price has declined to $78,900 
at press time, the appearance of a Death Cross indicates a possibility of 
further breakdown and consolidation. Featured image from Unsplash, chart from 
Tradingview.com

Is $74,000 The Bottom For Bitcoin? CMT-Certified Analyst Says $38,000-$42,000 Is Coming

Trump’s tariff agenda could gut U.S. retail, crush jobs, and ignite a 
recession deeper than any since the Great Depression, economist Peter Schiff 
warns. Peter Schiff: Tariffs Will Gut Retail, Slam Banks, and Spark 50% Market 
Drawdown Economist and gold advocate Peter Schiff raised alarm on April 8 
through social media platform X, predicting that […]

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Solana has faced intense selling pressure over the past week as the broader 
crypto market reels from the impact of US President Donald Trump’s aggressive 
trade policies. Fears of a prolonged trade war and mounting macroeconomic 
tensions have triggered a wave of panic selling across risk assets, with 
Solana among the hardest hit. The altcoin has plunged over 60% from recent 
all-time highs, reflecting the brutal conditions gripping even the strongest 
large-cap tokens. Related Reading: Solana Drops Below $100 For First Time In A 
Year — Is An 80% Correction Underway? Despite the carnage, there are early 
signs that a short-term rebound could be on the horizon. Prominent analyst 
Bluntz shared his outlook on X, noting that he has started bidding on several 
oversold altcoins like Solana, showing bullish divergence. According to 
Bluntz, many of these tokens have fallen in a straight line, setting the stage 
for what he believes could be “sizeable bounces” in the near term. While he 
doesn’t believe this is the definitive market bottom, the presence of bullish 
divergence across multiple charts offers a glimmer of hope for traders seeking 
relief rallies. With Solana hovering at critical support levels, all eyes are 
on whether this bounce thesis plays out — or if further downside awaits. 
Solana At A Critical Juncture As $100 Level Faces Pressure Solana is now at a 
crucial technical and psychological crossroads as the $100 level remains a key 
price to hold. After a brutal selloff that intensified over the weekend, 
Solana dropped more than 20% in just a few hours, reflecting the panic and 
uncertainty dominating crypto markets. The breakdown below $120 signaled a 
major shift in sentiment, and the breach of $100 has left bulls scrambling to 
defend one of the last major supports before lower demand zones come into 
play. Bulls initially lost control as price action turned sharply bearish last 
week, triggered by broader macroeconomic instability. US President Donald 
Trump’s new wave of tariffs has intensified trade war fears, adding pressure 
to an already fragile global market. Risk assets like Solana have been hit 
especially hard, with many altcoins suffering from sharp drawdowns amid 
growing investor fear. Still, there’s a potential glimmer of hope. Bluntz 
contrarian view on X notes that he has begun bidding on several altcoins — 
including SOL and HYPE — that have dropped over 60% in near-vertical moves. He 
highlighted bullish divergences forming across multiple charts, which often 
precede relief bounces. “I definitely don’t subscribe to the idea this is ‘THE 
BOTTOM,’” he added, “but sizeable bounces are highly likely in my opinion.” 
Related Reading: Ethereum Capitulation May Be Nearing End – Will A Fed Pivot 
Spark A Recovery? While the long-term trend remains under pressure, signs of 
oversold conditions and hidden strength could offer traders short-term 
opportunities. For Solana, the ability to reclaim and hold the $100 level 
could spark a recovery bounce. Otherwise, deeper losses may follow. Price 
Action Details: Key Liquidity Levels Solana (SOL) is currently trading at $108 
after several volatile days attempting to hold above the critical $100 support 
level. This price range has become a major battleground for bulls and bears, 
as sentiment across the broader crypto market remains fragile. Macroeconomic 
instability, rising trade tensions, and ongoing selling pressure have pushed 
risk assets into uncertain territory — and Solana is no exception. Bulls are 
now faced with a crucial challenge. To shift the momentum and signal the 
beginning of a recovery phase, SOL must not only defend the $100 mark but also 
reclaim the $120 level, which previously acted as support before turning into 
resistance. A breakout above this zone could open the door for further gains 
and a potential short-term trend reversal. Related Reading: Ethereum Lags 
Behind Bitcoin In Q1 Performance Amid Market Downturn – Details However, 
failure to hold the $100 level would likely lead to a deeper retracement. 
Analysts warn that a decisive breakdown below this support could send SOL 
plunging into the $80 range, where the next significant demand zone sits. With 
price action hanging in the balance, the coming days will be critical for 
Solana’s trajectory — either triggering a recovery bounce or accelerating the 
current downtrend. Featured image from Dall-E, chart from TradingView

Oversold Altcoins Like Solana Flash Bullish Divergences —  Are Relief Bounces Coming?

Arthur Hayes is calling it: China’s yuan devaluation is setting the stage for 
a tidal wave of capital to rocket into bitcoin and ignite a historic bull run. 
Arthur Hayes: Chinese Capital Flight May Flood Into Bitcoin as Yuan Slides 
Arthur Hayes, co-founder and former CEO of crypto derivatives exchange Bitmex 
and now head of […]

Arthur Hayes: Yuan Devaluation Could Ignite Bitcoin Rally as Capital Escapes China

Dogecoin is now grappling with a slowdown in momentum that has left many 
investors wondering if its best days are behind it. After tumbling to the 
$0.1293 mark, DOGE managed to pull off a notable rebound, suggesting that the 
bulls aren’t ready to throw in the towel just yet. As market interest shifts 
toward newer trends and utility-driven tokens, Dogecoin’s fading excitement is 
becoming hard to ignore. Despite the recent recovery, trading activity remains 
tepid, and the community buzz that once fueled its rallies appears to be 
losing steam. Technical Breakdown Of The $0.1293 Bounce According to Cantonese 
Cat in his latest post on X, before Dogecoin&#8217;s rebound at $0.1293, the 
Relative Strength Index (RSI) indicator formed a bullish divergence, which 
played a significant role in the price recovery. In technical analysis, a 
bullish divergence occurs when an asset&#8217;s price makes lower lows while the RSI 
forms higher lows. Related Reading: Dogecoin (DOGE) Bleeds Further—Fresh 
Weekly Lows Test Investor Patience Based on his post, this discrepancy between 
the price action and the RSI suggests that although the price is declining, 
the momentum behind the selling is weakening, signaling a potential shift in 
market dynamics. In Dogecoin&#8217;s case, the RSI’s bullish divergence provided an 
early indication that the market was oversold and that a reversal could be in 
the cards. Traders closely monitor such divergences since they often precede 
price reversals. When the price reached the $0.1293 level, it acted as a key 
support, triggering the buying pressure as the bearish momentum faded. Next 
Big Move: Can Dogecoin Break Free from The Slow Lane? Dogecoin has been 
experiencing a period of sluggish price action, with its recovery efforts 
often met with resistance. After a modest rebound from the $0.1293 support 
level, the meme coin has struggled to maintain momentum. The key question now 
is whether Dogecoin can break through the current resistance levels and ignite 
a sustained rally. Related Reading: Dogecoin Forms A Daily Bullish Pattern – 
Analyst Expects A Breakout To $0.43 If Dogecoin manages to break free from its 
current slowdown, it could recover the $0.18 resistance level. A successful 
breakout above this level would reinforce the strength of the bullish momentum 
for additional gains. This would pave the way for DOGE to target higher 
resistance zones, such as $0.2403 and $0.2923, potentially driving the price 
into a more substantial upward trend. Additionally, broader market conditions 
and sentiment around meme coins will play a crucial role. While Dogecoin has 
shown resilience in the past, the road ahead will require strong demand, a 
solid breakout above key levels, and sustained buying pressure to drive the 
price out of its current range. If these factors align, Dogecoin might see a 
powerful breakout, shifting from its slow climb into a more decisive upward 
trend. Featured image from Shutterstock, chart from Tradingview.com