Bitcoin Alert: Analyst Predicts Short-Term Price Drop – Is a Retracement Imminent? Bitcoin experienced a surge on April 17th, climbing 2.77% following Iran’s announcement regarding the reopening of the Strait of Hormuz amidst a 10-day ceasefire. While the market initially anticipated continued upward momentum, recent on-chain analysis suggests a potential retracement could be on the horizon. This article delves into the key indicators signaling a...