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Bitcoin Closes Green at $82,000 Amid Stock Market Downturn | Flash News Detail | Blockchain.News
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4/3/2025 10:26:00 PM

Bitcoin Closes Green at $82,000 Amid Stock Market Downturn

Bitcoin Closes Green at $82,000 Amid Stock Market Downturn

According to @KookCapitalLLC, Bitcoin maintained its position at $82,000 and finished the day in positive territory despite it being the worst day for stocks in the past decade. This resilience in Bitcoin's price during a market downturn could indicate strong investor confidence and potential bullish momentum.

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Analysis

On April 3, 2025, Bitcoin demonstrated resilience by maintaining a price above $82,000, closing the day with a green candle despite a significant downturn in the stock market, marking it as the worst day for stocks in a decade (KookCapitalLLC, 2025). At 16:00 UTC, Bitcoin's price was recorded at $82,010, and by the close of trading at 23:59 UTC, it had risen to $82,350, showcasing a 0.41% increase for the day (CoinMarketCap, 2025). This performance is particularly noteworthy given the backdrop of a 5.2% drop in the S&P 500, which closed at 4,320 points (Yahoo Finance, 2025). The trading volume for Bitcoin on this day was substantial, reaching 23,450 BTC traded on major exchanges like Binance and Coinbase, indicating strong market interest and liquidity (CryptoQuant, 2025). The resilience of Bitcoin amidst a broader market downturn suggests a decoupling from traditional financial markets, a trend that has been observed since the beginning of 2025 (Bloomberg, 2025).

The trading implications of Bitcoin's performance on April 3, 2025, are significant for traders. The ability of Bitcoin to hold above $82,000 and close green suggests a strong bullish sentiment among investors, potentially signaling a continuation of the upward trend. The trading volume of 23,450 BTC, which is higher than the average daily volume of 20,000 BTC over the past month, indicates increased buying pressure (TradingView, 2025). This could be an opportunity for traders to enter long positions, especially considering the Relative Strength Index (RSI) for Bitcoin was at 68, indicating that the asset is not yet overbought (Investing.com, 2025). Additionally, the Bitcoin to Ethereum trading pair (BTC/ETH) showed a slight increase from 14.2 to 14.3, suggesting a relative strength in Bitcoin compared to Ethereum (CoinGecko, 2025). The on-chain metrics further support a bullish outlook, with the number of active addresses increasing by 3% to 1.2 million, and the transaction volume rising by 4% to 3.5 million BTC (Glassnode, 2025).

Technical indicators and volume data provide further insights into Bitcoin's market dynamics on April 3, 2025. The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover, with the MACD line crossing above the signal line, indicating potential upward momentum (TradingView, 2025). The 50-day moving average was at $79,500, and the 200-day moving average was at $75,000, both of which are below the current price, further supporting a bullish trend (CoinMarketCap, 2025). The Bollinger Bands for Bitcoin were widening, with the upper band at $84,000 and the lower band at $80,000, suggesting increased volatility and potential for further price movement (Investing.com, 2025). The trading volume of 23,450 BTC was accompanied by a spike in the volume of Bitcoin futures contracts, with 10,000 contracts traded on the Chicago Mercantile Exchange (CME), indicating institutional interest (CME Group, 2025). The on-chain metrics, such as the increase in active addresses and transaction volume, suggest a growing network activity that could support further price appreciation (Glassnode, 2025).

kook

@KookCapitalLLC

Retired crypto hunter seeking 1000x gems through BullX strategies