Bitcoin (CRYPTO: BTC) is consolidating close to $70,000, even as broader markets, particularly the S&P 500, show signs of breakdown.

Bitcoin Consolidating But Stronger Than Equities

In an Apr.4 podcast, analysts Cred and DonAlt note that Bitcoin is beginning to display relative strength compared to equities, suggesting a potential shift in market dynamics.

From a technical standpoint, the current range between $57,000 and $61,000 is seen as fair value. Holding the $58,000–$60,000 zone is critical for bulls; losing it could trigger a sharp drop toward $40,000.

On the upside, a weekly close above $71,000 would signal renewed bullish momentum, while reclaiming $82,000, a key resistance level, could open the door to new highs.

A strong bullish setup would emerge if Bitcoin held support while SPDR S&P 500 ETF Trust (NYSE:SPY) continue to decline, indicating decoupling.

Altcoins Under Pressure

Analysts Don and Cred noted that the altcoin market remains under pressure.

Solana (CRYPTO: SOL) has broken below its key $120 support and could face a steep decline toward $40 if it fails to recover.

Ethereum (CRYPTO: ETH) is holding near $2,000 and maintaining key support levels but lacks strong upward momentum.

In contrast, select assets like Zcash (CRYPTO: ZEC) and TRON (CRYPTO: TRX) are outperforming, showing relative strength amid the downturn.

The broader trend suggests a shift away from speculative meme coins, with declining retail interest like the NFT collapse in the previous cycle.

Future market liquidity is expected to favor projects with real utility and revenue generation rather than hype-driven assets.

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