Technical Analysis

Adam Back, Blockstream's CEO, pushed back on proposals to freeze about 4 million inactive BTC as concerns grow over a potential quantum-computing "Q-Day." The debate, which also involves analyst Willy Woo, centers on whether Bitcoin should block spending from older vulnerable addresses or leave the protocol unchanged even if quantum attackers could access lost coins.

Whales accumulated about 10,000 BTC over a 72-hour period, as Bitcoin continued to trade below $70,000. BTC was priced at $66,860 at press time, down 0.18% over 24 hours and up 0.26% on the week. Scenario analysis outlined potential ranges between $66,000 and $70,000 in the coming days, with supports flagged at $64,000, $62,000 and a longer-term CVDD level at $47,960.

Ali Martinez said in an April 4 post on X that Bitcoin’s CVDD on-chain metric places a potential macro support zone at $47,960. Bitcoin was reported trading at $67,279 at the time of writing, up 0.69% over the past day and 0.72% over the past week, while the broader bear-market drawdown was cited at 46.7%. The view suggests there could still be downside room before a structural bottom is confirmed.

A long-term logarithmic regression framework suggests Bitcoin could eventually approach the model’s upper band near $300,000 to $400,000, but it frames those levels as extreme overextension rather than a forecast. The article says BTC is still trading in the mid-$60,000 range within a broader downtrend, with momentum weak and a macro reversal not yet confirmed. It adds that reclaiming $70,000–$80,000 resistance, improved macro liquidity, and renewed large-scale institutional inflows would be needed before such long-horizon scenarios become plausible.

Michael Saylor reiterated his bullish view that "Bitcoin has won" as the market heads into a potentially volatile session around Monday 10:05 a.m. ET. Bitcoin is down nearly 32% from its yearly $97k high, while on-chain signals such as transaction fees falling to 2.5 BTC per day and indicators of distribution suggest BTC is still trading like a risk asset rather than fully functioning as "digital credit."

Polymarket pricing suggests XRP is expected to stay largely range-bound into the end of April, with the highest-probability outcome centered on $1.40 (65%). Lower and higher targets draw far less conviction, while XRP was last quoted at $1.31, down about 0.3% in 24 hours and nearly 2% over the week. The asset also sits below its 50-day SMA ($1.41) and 200-day SMA ($2.06), with a 14-day RSI of 38.95 indicating selling pressure remains in control.

By early April, on-chain data show about 46% of Bitcoin’s supply was held at a loss, putting attention on $60,000 as a key behavioral threshold. The article argues that a return toward $60,000 could deepen the share of underwater holders and test whether investors keep holding or begin selling. As of 3:27 pm UTC on Apr. 3, 2026, Bitcoin traded at $66,811.21 with a $1.34 trillion market cap and $30.11 billion in 24-hour volume.

Ethereum’s derivatives metrics are showing a notable shift, with net taker volume turning sustainably positive for the first time since 2023 and reaching $104 million over the past 24 hours. Futures capital flows also flipped from heavy outflows to inflows, including $6.64 billion over 60 days and $131.7 million in the last 24 hours. Despite these signals, ETH price action remained neutral, with liquidation levels clustered around $2,070–$2,090 above and $2,027–$2,010 below.

On April 5, 2026, SOL traded around $79.68, slipping under the $80 support and its 50-day SMA at $80.29 as RSI fell to 35.67. The move followed broader geopolitics-driven selling, while Solana-specific concerns included the Drift Protocol exploit and testnet findings that post-quantum signatures cut throughput by about 90%.

SIREN has rebounded sharply from recent lows, with the token rising about 100% after earlier swings that included a 1600% early-March jump followed by an 88% pullback and an additional 70% drop this month. The move is described as a relief bounce from oversold conditions rather than a fundamentals-led reversal, with $0.60–$0.65 marked as the key resistance zone. Analysts say a sustained break above $0.65 could open a retest of $0.8–$1.0, while rejection may send price back toward $0.45–$0.30.