{"id":3981,"date":"2025-04-01T18:13:11","date_gmt":"2025-04-01T18:13:11","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/is-bitcoin-btc-poised-for-a-q2-recovery-analyst-points-to-2017-similarities\/"},"modified":"2025-04-01T18:13:11","modified_gmt":"2025-04-01T18:13:11","slug":"is-bitcoin-btc-poised-for-a-q2-recovery-analyst-points-to-2017-similarities","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/is-bitcoin-btc-poised-for-a-q2-recovery-analyst-points-to-2017-similarities\/","title":{"rendered":"Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities"},"content":{"rendered":"

As Bitcoin (BTC) attempts to reclaim the $84,000 barrier again, the flagship crypto risks closing the Month in red numbers. Some analysts suggest that BTC\u2019s Q2 performance could mimic its 2017 rally.<\/p>\n

Bitcoin Retests $84,000<\/h2>\n

A week ago, Bitcoin saw a star-of-week pump to retest the $88,000-$89,000 resistance zone. The flagship cryptocurrency surged to a two-week high of $88,765, hovering between the $85,000 to $88,000 price range for most of the week.<\/p>\n

However, as the weekend approached, BTC lost its range, falling to $84,000 on Friday and continuing to dip over the next two days. Bitcoin saw an 8.2% weekly drop during the early Monday hours, hitting $81,278 before recovering.<\/p>\n

After hitting its lowest price in two weeks, the largest crypto by market capitalization bounced from the range lows, nearing the key $84,000 barrier again. This zone has been a crucial resistance level since Bitcoin lost its post-November breakout range a month ago.<\/p>\n

Since then, BTC has failed to maintain this level for significant periods. Amid the market correction, trader Daan Crypto Trades noted<\/a> that Bitcoin has created another CME Gap, becoming the fifth consecutive week that a gap has been created due to price movement during the weekend, with all the previous ones being closed \u201crelatively quickly.\u201d<\/p>\n

This week\u2019s CME gap, between $82,500 and $84,100, was almost filled after this morning\u2019s rally. However, analyst Rekt Capital pointed<\/a> out, \u201cBTC will need to rally more than that to try to seriously challenge for a reclaim of the recently lost Higher Low,\u201d at around $85,000.<\/p>\n

\"Bitcoin\"<\/p>\n

BTC To Consolidate For Longer?<\/h2>\n

Ted Pillows suggested BTC\u2019s performance could see a Q2 recovery based on its 2017 price action. The analyst highlighted that during US president Donald Trump\u2019s first term, Bitcoin\u2019s \u201creal rally\u201d didn\u2019t start until 2017\u2019s second quarter.<\/p>\n

\"bitcoin\"<\/p>\n

Per the post, \u201cBTC\u2019s real gains during Trump\u2019s first presidency started after Q1 2027. For the first two months, BTC just consolidated in a range similar to now.\u201d Then, it started to gain momentum in April, pumping from $1,400 to $20,000 until December 2017.<\/p>\n

Ted considers that if Bitcoin continues to follow its 2017 path, it could see a massive rally toward a new all-time high (ATH) later this year. It\u2019s worth noting that Q2 has historically been mostly favorable for BTC, CoinGlass data shows.<\/p>\n

Meanwhile, Rekt Capital also suggested<\/a> that Bitcoin will likely continue consolidating a little bit longer after the recent price correction. The analyst pointed out that BTC failed to confirm its breakout from its triangular market structure.<\/p>\n

He previously explained that, over the past six weeks, BTC has been consolidating between the two biggest bull market Exponential Moving Averages (EMAs), the 21-week and 50-week EMAs, in a \u201cvery similar fashion to mid-2021.\u201d<\/p>\n

The analyst added that in mid-2021, \u201cBitcoin didn’t break from this similar triangular market structure right away either, upside-wicking towards and into the 21-week EMA but ultimately rejecting from there to experience additional consolidation between the two EMAs.\u201d<\/p>\n

This could suggest that the flagship crypto \u201cis sentenced to a bit more consolidation between the two EMAs\u201d before attempting to \u201ckickstart an uptrend continuation towards the Re-Accumulation Range Low of $93,500.\u201d<\/p>\n

As of this writing, Bitcoin is trading at $83,297, a 1% increase in the daily timeframe.<\/p>\n

\"bitcoin,<\/p>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin (BTC) attempts to reclaim the $84,000 barrier again, the flagship crypto risks closing the Month in red numbers. Some analysts suggest that BTC\u2019s Q2 performance could mimic its 2017 rally. Bitcoin Retests $84,000 A week ago, Bitcoin saw a star-of-week pump to retest the $88,000-$89,000 resistance zone. The flagship cryptocurrency surged to a…<\/p>\n","protected":false},"author":1,"featured_media":3982,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[56,181,1880,61,62,42,2150,846,725,468,281],"class_list":["post-3981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-cme-price-gap","tag-btc","tag-btcusdt","tag-crypto-analyst","tag-crypto-buul-run-2025","tag-crypto-investors","tag-crypto-market-correction","tag-crypto-market-recovery","tag-crypto-trader"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=3981"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/3982"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=3981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=3981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=3981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}