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According to experts, for Bitcoin to rise sharply again, the key factor is a clear return of capital. Late on April 9, the crypto market registered a mild pullback. Data from the OKX exchange shows Bitcoin fell about 0.5% in the last 24 hours, retreating to around $71,100.
Many major cryptocurrencies also declined. Ethereum and Solana each fell about 3%, to around $2,180 and $82.2, respectively. XRP lost more than 3%, down to $1.30, while BNB fell nearly 2% to $601.
Cointelegraph reported that Bitcoin’s rally is showing signs of stalling after a prior rebound, though the short-term uptrend has not yet been broken. Over the last three days, Bitcoin rose about 8%, reclaiming key levels around $68,000–$70,000 and holding this range as a support base.
Analysts said the $67,700–$70,000 area is now a buy zone, with demand remaining steady. However, selling pressure is concentrated around $72,000–$73,000, attributed to investors who bought at these levels. This range is viewed as a near-term barrier; if it is surpassed, Bitcoin could head toward $75,000.
Looking further ahead, the $78,000–$80,000 zone remains a major hurdle. Analysts said that until this area is conquered, the medium- and long-term trend remains not truly positive, as investors tend to sell when prices return to break-even.
Notably, the market is still cooling. Trading volume and capital inflows are declining, indicating investor caution.
According to experts, Bitcoin needs a clear return of capital for a sharper rise. As buying and selling activity increases, the market would have a firmer foundation to sustain gains, rather than short-lived increases that reverse easily as currently.
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