Bitcoin is seeing a “logical and healthy” pullback, say commentators, with $25,000 now a key BTC price line in the sand.

Bitcoin (BTC) barely held $27,000 on April 22 as another round of losses left bulls with little firepower.

Giant RSI support retest greets Bitcoin bulls

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD barely preserving the $27,000 mark on April 22 after the Wall Street trading week ended on a sour note.

In contrast to United States equities, which managed to seal modest gains on April 22, Bitcoin continued to suffer as analysts warned of a return toward $25,000.

With that, BTC/USD was down 10% for the week and 4% in April overall, according to data from monitoring resource Coinglass, amid a dramatic turnaround in fortune versus much of Q1.

For popular trader Credible Crypto, however, there was still every reason to hope that the long-term uptrend remained intact.

“If your macro thesis on Bitcoin has changed because of a $2,000 pullback after a $10,000+ vertical rally from

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Author: William Suberg

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