On Friday, Bitcoin price went up 4.80%, setting up a high of $83,378. Overall, this week has been bullish with BTC setting up higher highs and higher lows, signaling strength. One top trader is suspicious of this recent uptrend and says the uptick could be an ‘exit pump’ due to ‘bizarre flows on BTC.’
Will Bitcoin Price Crash?
Atlantis7, a popular orderflow trader, says the 4.80% rally in Bitcoin price was driven by passive Coinbase and Binance spot bid (limit orders) along with aggressive spot buyers on OKX. What makes this outlook ‘bizzare’ according to Atalantis7 is that while limit orders were getting executed the cumulative volume delta was dropping with a positive Coinbase premium.
Does this mean that there will be a Bitcoin price crash? In a reply, Atalantis7 details that this ‘bizarre flow’ could suggest quite accumulation by institutions is a short-term escape into safe haven assets amid the US and China tariff war. This outlook also explains why Gold is up 9.27% since April 9.
While the flows might be bizarre, Atalantis7 posts in a subsequent tweet about ‘funny feeling’ and how this recent Bitcoin price rally could be an ‘one big exit pump.‘
“idk why i get a funny feeling that this was just one big exit pump. very coordinated 1-time framing across tickers throughout the day, trapping and liquidating shorts and now a dump of inventory. i may be wrong but price action seems very inorganic and not much participation.”
Macro Outlook Hints BTC Bullish Reversal is Close
The Global M2 Money Supply dictates if investors rotate into risk-on or risk-off assets. So far, Bitcoin’s top since 104K has closely followed the M2, ie., a crash in BTC’s value if M2 drops and vice versa. The reason for being bullish on the macro is the recent reversal and uptrend seen in M2, which hints that capital will find its way into Bitcoin, which is a modern day safe haven asset.
Bitcoin price seems bullish but investors need to be cautious of Trump-Xi trade war continues. The tariff battle between the two giants could upset the normal flow of the markets. This could catalyze massive volatility on either side, preventing a directional move. As a result, let’s take a look at Bitcoin’s technical analysis and key levels watch.
Key BTC Price Levels to Watch
After recovering above $80K Bitcoin price has entered a bullish phase as it reclaimed the $80.9K to $88.4K zone, which termed value area. This zone is where 70% of the volume has been transacted since February 25, 2025.
- Currently, BTC is grappling with the $83.1K, which is the highest traded volume level in the past six weeks. Overcoming this key resistance level could propel the price to the range high of the value area at $88.4K.
- In a highly bullish case, Bitcoin could overcome the ranee high and visit $90K.
However, if the price rejects at $83.1K, it could flip the bias to bearish and catalyze a Bitcoin price crash.
- In such a case, the range low at $80.9K is a key support level.
- If this level fails to hold, the bearish trend will continue and potentially crash BTC price to $77K or $74K. A lot of sell-side liquidity is present below $74K.
To conclude, $83.1K is a level that decides if Bitcoin price prediction will remain bullish or flip bearish.
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