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Elon Musk wants to monitor IRS data by creating a mega API, according to a report by Wired. To create the API, the Department of Government Efficiency or DOGE will organize a hackathon in Washington, DC, by next week. DOGE will work along with IRS leaders to organize a hackathon, and engineers will have two main tasks: dismantle the current IRS systems and build a new mega API that will control and oversee the IRS data. This means every taxpayer’s name, social security number, tax return, and other sensitive data will be accessed and manipulated by this mega API. The DOGE hackathon will be organized by Sam Corcos and Gavin Kliger, two of the IRS’ most skilled DOGE operatives. Corcos is a tech entrepreneur and CEO of Levels, a healthcare and tech company. He is also an adviser to Scott Bessent and “has been embedded at the Treasury Department,” according to a career federal employee. The Rolling Stone reported that Corcos has multiple ties to Elon Musk’s company, SpaceX. Kliger doesn’t have any experience working for the government. Before he started working at DOGE, he attended UC Berkeley until 2022. Then, he worked at the AI company Databricks. According to the New York Times, Kliger confronted security officials from USAID, accessed sensitive Internal Revenue Service (IRS) data, and joined in taking down parts of the CFPB website. Corcos talked about DOGE’s plans to have “one new API to rule them all.” This API will make it easy to access IRS data for cloud platforms. Application programming interfaces (APIs) let applications talk to each other and exchange data. In this case, an API will help in moving the IRS data to the cloud and this cloud platform will be a central point for reading all IRS systems. This means that anyone with access has the ability to view and use IRS data. According to an IRS engineering source, DOGE and IRS leaders will organize the hackathon, and engineers will start dismantling the old IRS systems and create a new API within the next 30 days. Once the new API is ready, Crocos said they will deploy it to the IRS’s mainframes and then apply it to every other internal system. Such a system will have access to all IRS data, including names, social security numbers, tax returns, and even employment data. Some sources told Wired that DOGE representatives spoke about the software company Palantir many times, making it a potential partner that will assist in handling the IRS data. Palantir was founded by Peter Thiel, a billionaire and one of Musk’s associates. At the moment, the IRS operates various systems hosted in on-site data centers and on the cloud, and these systems are separate and designed to function independently. Such systems has permission-based access and workers will only see data essential to their role. In a recent FOX News interview, Corcos said that, “The IRS has some pretty legacy infrastructure. It’s actually very similar to what banks have been using. It’s old mainframes running COBOL and Assembly and the challenge has been, how do we migrate that to a modern system?” Crocos stated that he was brought in to oversee the IRS’s modernization program, which is 30 years behind schedule and over budget by $15 billion. He is expected to continue his role at the IRS for six months. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

$DOGE is testing the patience of traders. A death cross seems imminent if the 20-day MA continues falling below the 50-day. This is typically a bearish signal. Unless sentiment improves, we might not see any meaningful rally soon.

After the peak at $109,599, $BTC has lost momentum. Now at $80K, it’s nearly 27% off its high. Sentiment is shaky. If bulls can't recover soon, we might revisit $70K levels. RSI and MACD indicators should be watched closely for early signs of strength

Bitcoin (BTC) is currently dancing on a razor’s edge near $82,500, and traders are watching nervously. After a period of sideways consolidation, the crypto giant is showing early signs of weakness—raising the question: Is Bitcoin price preparing for a deep drop to $60,000 , or is this a bear trap before the next rally? Let’s dive into the daily and hourly charts to decode the truth behind BTC’s next major move. On the daily chart, Bitcoin continues to struggle below major resistance levels. The Heikin Ashi candles are small-bodied and red, signaling a lack of momentum and indecision in the market. Price action is firmly below all major moving averages—with the 20 SMA at $84,477, 50 SMA at $86,921, and 100 SMA at $92,808. This alignment indicates a clear bearish structure where each rally is being sold into. What’s more concerning is that Bitcoin has failed multiple times to reclaim the 100-day SMA, indicating sustained selling pressure from institutions and swing traders. The presence of the 200 SMA below current price around $86,675 had acted as a temporary support in March, but it has now turned neutral as price hovers well below it. The ADL (Accumulation/Distribution Line) has sharply dropped, confirming distribution over accumulation. This means that even during slight upward moves, smart money has been offloading, not adding to positions. Without a turn in the ADL, any bounce is suspect. Zooming into the 1-hour chart, the picture becomes even more clear: Bitcoin is grinding downward in a slow, controlled bleed. After peaking briefly around $87K on April 2nd, BTC experienced sharp rejection and has since been forming lower highs. The recent attempt to climb was stopped cleanly at the 200 SMA near $83,300, confirming it as short-term resistance. The moving averages on the hourly (20, 50, and 100 SMA) are compressing and curving downward, which typically leads to momentum breakdowns, especially when paired with flat volume and fading bullish candles. The most recent Heikin Ashi candles are small-bodied and leaning bearish, showing that the bulls are losing steam and failing to defend even intraday bounces. The hourly ADL is declining, further confirming the lack of demand at current price levels. Retail interest appears low, and there’s no sign of whale-driven accumulation on this timeframe either. Immediate support lies at $82,000, which has been tested several times over the past few sessions. A decisive break below this level could trigger a sharp selloff down to $78,500, with a psychological and structural support zone around $75,000. If that fails, then the long-feared move toward $69,000–$60,000 could come into play quickly. On the upside, resistance sits heavy around $84,500, followed by $86,900, both marked by the daily 20 and 50 SMA zones. Only a break above $87,500–$88,000, backed by volume, would confirm a bullish reversal and negate the current bearish setup. Short-Term Outlook (Next 48–72 hours): If $82,000 fails, expect a fast drop to $78,000 or lower. If bulls hold the line and reclaim $84,500 with volume, we might see a short-term bounce to $87K. Mid-Term Outlook (Next 1–2 weeks): Without a break above the 100-day SMA, Bitcoin price is at risk of cascading down to $75,000. Market sentiment is fragile, and macroeconomic news or ETF flows could tip the balance. Long-Term Outlook (Rest of April 2025): If $75,000 breaks in April, then a full correction down to $60,000 is on the table. However, if bulls manage to regain $90K territory, it could open the door back to $100K. The charts are clear—Bitcoin price is at a critical level. The current structure favors bears, with no strong signs of reversal just yet. Accumulation is weak, momentum is fading, and major resistances are pushing BTC price lower. Unless bulls step in with force soon, a deep correction could be just around the corner. So, is Bitcoin price heading for $60,000 or ready to bounce? For now, the trend says: Proceed with caution. Bitcoin (BTC) is currently dancing on a razor’s edge near $82,500, and traders are watching nervously. After a period of sideways consolidation, the crypto giant is showing early signs of weakness—raising the question: Is Bitcoin price preparing for a deep drop to $60,000 , or is this a bear trap before the next rally? Let’s dive into the daily and hourly charts to decode the truth behind BTC’s next major move. On the daily chart, Bitcoin continues to struggle below major resistance levels. The Heikin Ashi candles are small-bodied and red, signaling a lack of momentum and indecision in the market. Price action is firmly below all major moving averages—with the 20 SMA at $84,477, 50 SMA at $86,921, and 100 SMA at $92,808. This alignment indicates a clear bearish structure where each rally is being sold into. What’s more concerning is that Bitcoin has failed multiple times to reclaim the 100-day SMA, indicating sustained selling pressure from institutions and swing traders. The presence of the 200 SMA below current price around $86,675 had acted as a temporary support in March, but it has now turned neutral as price hovers well below it. The ADL (Accumulation/Distribution Line) has sharply dropped, confirming distribution over accumulation. This means that even during slight upward moves, smart money has been offloading, not adding to positions. Without a turn in the ADL, any bounce is suspect. Zooming into the 1-hour chart, the picture becomes even more clear: Bitcoin is grinding downward in a slow, controlled bleed. After peaking briefly around $87K on April 2nd, BTC experienced sharp rejection and has since been forming lower highs. The recent attempt to climb was stopped cleanly at the 200 SMA near $83,300, confirming it as short-term resistance. The moving averages on the hourly (20, 50, and 100 SMA) are compressing and curving downward, which typically leads to momentum breakdowns, especially when paired with flat volume and fading bullish candles. The most recent Heikin Ashi candles are small-bodied and leaning bearish, showing that the bulls are losing steam and failing to defend even intraday bounces. The hourly ADL is declining, further confirming the lack of demand at current price levels. Retail interest appears low, and there’s no sign of whale-driven accumulation on this timeframe either. Immediate support lies at $82,000, which has been tested several times over the past few sessions. A decisive break below this level could trigger a sharp selloff down to $78,500, with a psychological and structural support zone around $75,000. If that fails, then the long-feared move toward $69,000–$60,000 could come into play quickly. On the upside, resistance sits heavy around $84,500, followed by $86,900, both marked by the daily 20 and 50 SMA zones. Only a break above $87,500–$88,000, backed by volume, would confirm a bullish reversal and negate the current bearish setup. Short-Term Outlook (Next 48–72 hours): If $82,000 fails, expect a fast drop to $78,000 or lower. If bulls hold the line and reclaim $84,500 with volume, we might see a short-term bounce to $87K. Mid-Term Outlook (Next 1–2 weeks): Without a break above the 100-day SMA, Bitcoin price is at risk of cascading down to $75,000. Market sentiment is fragile, and macroeconomic news or ETF flows could tip the balance. Long-Term Outlook (Rest of April 2025): If $75,000 breaks in April, then a full correction down to $60,000 is on the table. However, if bulls manage to regain $90K territory, it could open the door back to $100K. The charts are clear—Bitcoin price is at a critical level. The current structure favors bears, with no strong signs of reversal just yet. Accumulation is weak, momentum is fading, and major resistances are pushing BTC price lower. Unless bulls step in with force soon, a deep correction could be just around the corner. So, is Bitcoin price heading for $60,000 or ready to bounce? For now, the trend says: Proceed with caution.

$BTC $ETH $BGB $PI The volume is back to normal.....the price also seems to be stable around 0.60 - 0.65.....more unlocks coming so it will be more voilatile again soon......