$BTC

Today, Tuesday, April 8, 2025, Bitcoin (BTC) is experiencing notable volatility and a bearish trend in the short term, according to recent market data. Here's a breakdown of the current outlook:

Current Price and Market Cap:

* As of Tuesday morning (Bangladesh time is likely a few hours ahead of UTC), the live price of Bitcoin is around $77,700 - $79,300 USD. Prices can fluctuate rapidly.

* The market capitalization of Bitcoin is approximately $1.55T - $1.58T USD.

* Bitcoin's dominance in the crypto market is around 62.74%.

Recent Price Action:

* Over the last 24 hours, Bitcoin has shown some recovery after a plunge. Some sources indicate a positive percentage change in the last 24 hours (around +1.47% to +2.00%), while others show a slight decrease.

* Looking at a broader timeframe, Bitcoin has seen a decrease over the past week (around -2.48% to -4.35%) and the last month (around -7.66% to -9.22%).

* Bitcoin hit a new yearly low below $75,000 recently before some dip buying occurred.

* There was significant volatility with Bitcoin falling from a high of around $81,500 to a low of $74,000 recently.

Technical Analysis:

* Short-term trend: Many sources indicate a bearish trend in the short term.

* Moving Averages:

* The 50-day moving average on the daily timeframe is sloping down and is above the current price, potentially acting as resistance.

* The 200-day moving average is sloping up, indicating a strong longer-term trend, but is currently above the price and could act as resistance.

* On the four-hour timeframe, Bitcoin is trending bearish with the 50-day moving average sloping down.

* On the weekly timeframe, the 50-week moving average is sloping up and below the current price, potentially acting as support. The 200-week moving average is also below the price, suggesting long-term support.

* "Death Cross": Bitcoin has confirmed its first major "death cross" of 2025, where the 50-day moving average falls below the 200-day moving average, which is often seen as a bearish signal.