Bitcoin rises 3%: analysts identify strong support levels and buying zones
Last Updated on 6 April 2026 by CryptoTips.eu
Bitcoin trades at $69,120 today, a gain of 3.35% in 24 hours and 2.38% over the past seven days. The market sits at a technically interesting crossroads as a series of major macro events lines up for this week. Analysts are watching several key levels closely to determine where Bitcoin heads next.
Bearish flag becomes increasingly unlikely
Analyst CryptoJelleNL points out that Bitcoin keeps retesting the bearish flag, which is actually making the pattern less convincing. With these setups, you want to see a swift retest followed by a sharp selloff. That selloff is not materialising. Notably, the current situation looks much stronger than the breakdown at the end of January. Further sideways chop appears to be the most likely short-term scenario. Anyone buying Bitcoin at this stage is best served by keeping the long-term plan front and centre and staying patient.
Onchain data points to strong support levels
Analyst Ali Charts combines several onchain metrics to map out potential bottom zones. The UTXO Realized Price Distribution shows a large cluster of holders who bought between $63,111 and $70,685, forming a natural support floor as long as price trades in that range. If that level breaks, the next serious buying zone sits between $46,700 and $37,867. The long-term trendline that has guided Bitcoin for nearly a decade currently runs between $56,000 and $60,000. Every prior touch of that line preceded a parabolic expansion, with gains ranging from +261% to +1,126%. The CVDD indicator, which tracks when long-term holders pass Bitcoin to new buyers, sits at $47,960 and serves as a structural floor for the entire market.
A busy macro week could trigger fresh moves
This week’s economic calendar offers plenty of potential for price action. Monday brings the March ISM Non-Manufacturing data. Wednesday delivers Fed meeting minutes, Thursday the PCE inflation figures and US Q4 2025 GDP data, and Friday closes out with March CPI inflation and University of Michigan consumer sentiment data. Anyone tracking market sentiment should keep a close eye on these releases throughout the week.
