Bitcoin Must Do This To Continue The Rally, Or It Will Be Over

bitcoinistPublished on 2026-04-20Last updated on 2026-04-20

Abstract

A crypto analyst known as "Swarmik" has identified 17 key price levels where Bitcoin (BTC) could find support if selling pressure increases. The analysis suggests that BTC's overall outlook remains bullish, and any successful bounce from these levels could drive it back to all-time highs or beyond. The first critical support is at $70,931, followed by levels such as $68,931 (an "Imbalance Zone"), $66,638 (a "Reversal Line"), and $64,491 (a "Psychological Level"). Further down, Fibonacci retracements and other technical zones like "Fair Value Gap" and "Order Block" are highlighted. If the decline continues, lower supports include $51,612 ("Demand Zone") and $49,466 ("Supply Zone"). The analyst warns that a drop below $34,732 would invalidate the bullish structure, potentially ending the rally.

A crypto analyst has mapped out over a dozen price levels where Bitcoin (BTC) could find support if selling pressure picks up. The analysis covers a wide range of potential landing spots, from above $70,000 to deep into the $30,000 range. According to the analyst, the cryptocurrency’s overall outlook remains bullish, with every dip treated as a potential trigger for a fresh rally unless BTC reaches a level where its structure could completely break down.

Analyst Identifies Key Bitcoin Rebound Zones

A crypto analyst identified as “Swarmik” on X has presented a detailed Bitcoin forecast, identifying 17 price levels where upward reactions could occur. He described BTC’s outlook as strongly bullish, suggesting that any successful bounce from these lower levels is expected to drive Bitcoin back to its all-time high at minimum, with the potential for further upside.

Sharing a chart, Swarmik pointed to $70,931 as the first level of interest, describing it as a “Breaker Block” where buyers may step in to defend further breakdowns. If this level fails to hold, he identifies $68,931 as the next corrective area for BTC. He labeled this level as an “Imbalance Zone,” where price could find support and attempt a round.

Source: X

If downside pressure continues, the next level is $66,638, referred to as a “Reversal Line,” where a potential price bounce could occur. Below that, the $64,491 price point is highlighted as a “Psychological Level,” suggesting an emotionally significant area where traders tend to react more strongly.

As the price moves lower in the projection, the levels outlined by Swarmist become a mix of standard trading tools and zones, such as Fibonacci Retracements, based on past price behavior. The analyst points to $62,345 as the next level of decline if Bitcoin fails to hold the psychological level. He described this point as a “Fibonacci Level,” where price could still react.

If this zone breaks down, he highlights $60,198 as an “Etheric Break Zone,” followed by $58,052 as a “Point of Interest,” where buyers may return. A stronger move to the downside brings attention to the $55,905 level, which Swarmist described as a “Fair Value Gap,” where price gaps or inefficiencies are expected to be filled. Below that, $53,739 is marked as an “Order Block,” indicating a level where previous trading activity could influence future price reactions.

BTC’s Roadmap To Final Breakdown Zone

Following the order block zone, Swarmist’s analysis highlights a continued downtrend for BTC, with each level expected to fuel a rally if the price can hold above it.

The analyst highlights $51,612 as a “Demand Zone” where buying pressure may reemerge. If this level fails, $49,466 is identified as a “Supply Zone,” an area where selling pressure becomes stronger. Swarmist is implying that even if the price drops to these extremely low levels, there is still potential for a bounce.

Notably, a drop to $47,319 is expected to follow if the supply zone fails to hold. The analyst labeled this area as a “Liquidity Pool,” where many clustered orders may be found, making it an attractive target for price movement. Below that, $45,173 is described as a “Gravity Point,” while $43,026 is a “Kill Zone,” where another sharp price reaction could occur.

The analysis continues with a downward spiral to $40,880, a deeper support area described as a “Meta Vibration Level.” Further below that is $38,733, representing the final major level standing between Bitcoin and its lowest price. Swarmist calls this zone the “Last Bastion of Support.” Once the price falls below it, Swarmist noted that a decline below $34,732 would mean it was “all over” for Bitcoin, suggesting that it could completely invalidate the cryptocurrency’s bullish structure.

BTC holds support | Source: BTCUSD on Tradingview.com

Related Questions

QWhat is the main condition for Bitcoin to continue its rally according to the analyst?

ABitcoin must successfully bounce from one of the identified support levels to continue the rally; if it falls below $34,732, the bullish structure would be invalidated and the rally would be over.

QHow many key price levels did the analyst identify as potential support zones for Bitcoin?

AThe analyst identified 17 key price levels where Bitcoin could find support and potentially trigger a rebound.

QWhat is the significance of the $70,931 level mentioned in the analysis?

A$70,931 is described as a 'Breaker Block' where buyers may step in to defend against further price breakdowns.

QWhich price level does the analyst refer to as the 'Last Bastion of Support' for Bitcoin?

A$38,733 is referred to as the 'Last Bastion of Support,' representing the final major level before Bitcoin could decline to its lowest price.

QWhat does the analyst suggest would happen if Bitcoin falls below $34,732?

AIf Bitcoin falls below $34,732, the analyst suggests it would mean it is 'all over,' completely invalidating the cryptocurrency's bullish structure.

Related Reads

Aave Is Surrendering the Throne of DeFi Lending Due to Its Own Stupidity

Aave, a leading DeFi lending protocol, is facing a severe crisis and losing its dominant market position due to its poor handling of a recent security incident. The crisis began when Kelp DAO suffered a hack resulting in a loss of $292 million in rsETH. In the aftermath, approximately $17.2 billion in funds flowed out of Aave as user panic escalated. The article criticizes Aave's crisis management as "extremely foolish." Instead of promptly offering reassurance or committing to cover the potential bad debt—estimated between $123.7 million and $230.1 million, which Aave could have afforded—the protocol initially deflected blame, emphasizing that its code was not at fault. This delay and lack of a clear guarantee led to widespread user anxiety, triggering a bank run-like scenario where users withdrew funds or borrowed aggressively from other pools, causing liquidity shortages. Meanwhile, Aave’s competitor Spark—a fork of Aave’s own code—has benefited significantly. Having removed support for rsETH months earlier, Spark avoided any losses from the incident and has since seen its TVL grow by nearly $2 billion, attracting major deposits such as over $1.24 billion from Justin Sun. Spark has actively capitalized on the situation, publicly criticizing Aave’s security reputation. Although Aave’s founder Stani eventually announced a relief plan named "DeFi United" with several partners and a personal donation, the damage to user trust and capital outflows may be irreversible. The article concludes that Aave is losing its throne in DeFi lending to aggressive competitors like Spark, Morpho, and Jupiter Lend.

Odaily星球日报33m ago

Aave Is Surrendering the Throne of DeFi Lending Due to Its Own Stupidity

Odaily星球日报33m ago

Trading

Spot
Futures

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片