Bitcoin resets bull market BTC price metrics as April dip passes 7%

BTC price action may be upsetting for leveraged longs, but Bitcoin market observers are finding reasons for optimism.

Bitcoin (BTC) is resetting multiple key metrics as the BTC price drop flushes out leverage.

Data from Cointelegraph Markets Pro and TradingView shows BTC/USD currently acting around $66,000 after falling 5% in a single hourly candle.

Bitcoin may be down 7% in April so far, but a retest of support is already having a cathartic effect on overheated markets.

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