Bitcoin Next Big Move In Mid-April? Analyst Explains Why ‘Decision Time’ Could Be Near

As Bitcoin (BTC) attempts to reclaim a key resistance area, an analyst has suggested that the end of BTC’s two-month consolidation could be weeks away, potentially opening “generational opportunities” before the next bull run.

On the contrary, a rejection would likely see Bitcoin drop to the $65,000-$66,000 support zone, where price has held over the past month. In an X analysis, Ali Martinez noted that the UTXO Realized Price Distribution (URPD) shows the flagship cryptocurrency is “stuck in a ‘No-Trade Zone.’”

Per the post, “the URPD shows exactly where every BTC last moved,” with a massive cluster of holders between $70,685-$63,111. “As long as we trade here, millions of holders are incentivized to defend their ‘buy-in,’ creating a natural floor,” he added.

As he explained, the leading crypto has shown the same performance over the past year, consolidating for 8-15 weeks before the last four big moves. This time, Bitcoin has been moving sideways for 8 weeks, entering its 9th consolidation week on Monday.

Based on its previous performance, the market watcher considers that “BTC’s next big move will most likely happen by mid-April, irrespective of US-Iran talks, and will probably be to the downside.”

Notably, he highlighted that Bitcoin is approaching its most significant support floor since 2017: an ascending trendline that has guarded its price for nine years, and every retest has preceded a parabolic expansion.

In addition, he outlined three metrics that could mark the “line in the sand” and the best buying opportunities for BTC: the Cumulative Value Days Destroyed (CVDD), the MVRV pricing bands, and the Long-Term Holder (LTH) Realized Price.

The CVDD, which “tracks when ‘Old Hands’ pass BTC to new buyers, creating a structural foundation for the entire market,” is currently around $47,960. Meanwhile, the MVRV 0.8 Band, located around $43,647, has historically marked the bottom and “the exact zone where BTC sellers exhaust themselves and the ‘Strong Hands’ take over the supply.”