Bitcoin (BTC<\/a>) barely held $27,000 on April 22 as another round of losses left bulls with little firepower.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD barely preserving the $27,000 mark on April 22 after the Wall Street trading week ended on a sour note.<\/p>\n In contrast to United States equities, which managed to seal modest gains on April 22, Bitcoin continued to suffer as analysts warned of a return toward $25,000<\/a>.<\/p>\n With that, BTC\/USD was down<\/a> 10% for the week and 4% in April overall, according to data from monitoring resource Coinglass, amid a dramatic turnaround in fortune versus much of Q1.<\/p>\n For popular trader Credible Crypto, however, there was still every reason to hope that the long-term uptrend remained intact.<\/p>\n \u201cIf your macro thesis on Bitcoin has changed because of a $2,000 pullback after a $10,000+ vertical rally from 19k to 30k+ you\u2019re doing it wrong,\u201d he insisted<\/a> in part of his latest Twitter commentary.<\/p>\n In an additional post, he\u00a0argued<\/a> that such price action is \u201ccommon\u201d in crypto markets. <\/p>\n \u201cThe last major retest we had was at 19k before our rally to 30k+. A retest of 25k here would be logical and healthy,\u201d he stated.<\/p>\n Financial information resource Stockmoney Lizards agreed, telling Twitter followers that the road higher may be slow and steady.<\/p>\n \u201cAfter these huge green candles, we usually find some cooldown,\u201d it wrote<\/a> regarding the three-month BTC\/USD chart. <\/p>\n \u201cShort-\/mid-term still bullish (3 months), but don’t expect it to go too fast.\u201d<\/p><\/blockquote>\n Crypto analyst CryptoCon delivered similar conclusions on the basis of the latest movements in Bitcoin\u2019s relative strength index (RSI).<\/p>\n Used to determine overbought and oversold conditions at given price points, the RSI can help offer insights into forthcoming price trends.<\/p>\n \u201cShort term #Bitcoin price action seems grim, but behind the scenes, the Weekly RSI has broken out of a 6-year downtrend and is now attempting to make support,\u201d CryptoCon\u00a0revealed<\/a>, comparing the latest action to prior halving cycles.\u00a0<\/p>\n \u201cBitcoin is now at decision point. Continue 2019 parabolic price action, or take the healthier, steady 2015 approach?\u201d<\/p><\/blockquote>\n Trader Skew, meanwhile, delved into the potential near-term price targets for BTC\/USD, focusing on moving averages (MAs).<\/p>\n Related:\u00a0Forget BTC price: The Bitcoin mining boom is quietly going parabolic<\/a><\/em><\/strong><\/p>\n The zone north of $25,000 remained the principal point of interest, with the 200-week MA residing at $25,850.<\/p>\n $BTC<\/a> 1D Will be interesting if price retests $25K & 1W Trend MAs <\/p>\n I’d expect a stronger buy interest around there as it’s closest to invalidation there before HTF demand around $19K pic.twitter.com\/D5eP9ujyHh<\/a><\/p>\n \u2014 Skew \u0394 (@52kskew) April 22, 2023<\/a><\/p><\/blockquote>\n The market composition remained apt to liquidate traders, with Coinglass data showing April 22 costing crypto longs another $173 million.<\/p>\n As Cointelegraph reported, April 19 saw the largest amount of long liquidations of 2023<\/a> so far.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/e81c5864-9655-42ba-a355-d5d95b81cfff.png\")
Giant RSI support retest greets Bitcoin bulls<\/h2>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/80ae6819-cc87-4bcb-b3b6-c64c5696b85b.png\")
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/0bd4b8dd-e11e-4b8b-a501-0c33111d4660.png\")
![\"\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/4573af74-76e8-41e4-a152-3ab3a8e7175e.png\" "\\"\\"")
BTC price analyst expects \u201cstronger buy interest\u201d near $25,000<\/h2>\n
\n
Failed breakout above 1D resistance $30K<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-04\/58a9717e-86f2-4adb-8e8a-7a38140d2369.png\")