Bitcoin’s Current Trading Phase: Is It Time to Buy the Dip?

Is Bitcoin at its “least bullish phase” since November 2022 a prime opportunity to acquire the BTCUSDT dip? With Bitcoin navigating a price range between $83,000 and $88,000, slowing whale sales, and bulls eyeing a breach above $90,000, are they poised for action?

On April 21, Bitcoin remains consolidated, fluctuating within a $5,000 scope between $83,000 and $88,000. This sideways motion follows a decline in value, from $109,000 in January 2025 down to $74,500 in April 2025.

Bitcoin at Its “Least Bullish Phase” in Over Two Years

Despite current selling pressures, the bullish trend initiated in Q4 2024 remains intact. Many optimistic investors foresee Bitcoin’s price rallying in upcoming sessions, possibly directing investments into some of the most sought-after presales for 2025. This optimistic outlook remains valid, provided Bitcoin sustains above its 2021 peaks, fending off further declines.

CryptoQuant analysts emphasize that although Bitcoin’s price stands significantly higher than the cycle highs of 2017 and 2021, it is currently observing its “least bullish phase” since late 2022. Using the CryptoQuant Bull Score Index, which serves to assess market sentiment, analysts have noted that the index has plummeted to a reading of 20. This figure typically reflects bearish investor sentiment, suggesting minimal chances for a robust rally shortly. Furthermore, this index has stayed below 50 for 99.5% of the previous two months, marking the longest duration since the downturn witnessed in 2022.

In November 2022, following the collapse of FTX and various crypto hedge funds, Bitcoin’s prices dipped to as low as $15,800—setting the stage for a significant rebound. Shortly afterward, a bullish trend accelerated Bitcoin’s value beyond $50,000 in the latter half of 2024.

Is It the Right Time to Purchase the BTCUSDT Dip?

Considering historical patterns, could this current consolidation phase signal the ideal moment to buy the BTCUSDT dip? Encounters around the $90,000 mark have proved troublesome for bulls, with consistent control remaining in sellers’ hands despite prevalent optimism. The last breakout beyond $90,000 happened in early March; since then, Bitcoin’s value has trended below $80,000, retesting prior highs from 2021. To regain momentum, bulls need to close above $90,000 to energize demand and elevate prices past $100,000.

Signs of optimism emerge as CryptoQuant analysts report that Bitcoin whales have reduced their selling activity recently. Daily sales from significant holders diminished from 800,000 BTC in late February to approximately 300,000 BTC last week, hinting that capitulation is easing, which could be encouraging for bulls.

Nevertheless, for bull momentum to fortify, accumulation must escalate. Large holders have also reduced their total holdings by over 30,000 BTC in the past week. Additionally, the rate of monthly accumulation decreased significantly, dropping from 2.7% in March to merely 0.5%, its lowest rate since February 20, suggesting ongoing uncertainty among significant investors.

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Summary Points:

• Bitcoin price oscillating between $83,000 and $88,000.
• Analysts state Bitcoin is in its “least bullish phase” since the FTX collapse in November 2022.
• Diminishing whale selling activity may ease pressure on Bitcoin’s price.
• Historical precedence convinces that BTCUSDT could recover post-dip, as seen previously after November 2022.