Bitcoin’s Struggle at Triple Resistance: A Test of Market Resilience
Bitcoin (BTC) has recently faced significant resistance around the $86,000 mark, failing to achieve a decisive breakout amid heightened market uncertainty. Since its late January all-time high, the cryptocurrency has undergone a substantial correction, shedding over 22% of its value. This article delves into the factors contributing to Bitcoin’s current stagnation and what it means for investors moving forward.
Bitcoin Faces Triple Resistance
Over the past trading week, Bitcoin (BTC) failed to make any significant price breakout, experiencing rejections at the $86,000 price region. While the market suffered no major price pullback, the high level of sideways price movement indicates a strong investor uncertainty. Since hitting a new all-time high in late January, Bitcoin has slipped into heavy correction, losing over 22% of its market price. The majority of the price loss has been linked to international trade tariff crises, which have forced investors to seek relief in less risky assets. Popular market analyst Daan Crypto has provided technical analysis on the BTC market, highlighting barriers such as the 200-Day EMA, 200-Day MA, and a Diagonal Trendline that are restricting an upward price movement.
Bitcoin Uptrend Remains Intact with $135K Target in 2025
Bitcoin (BTC) has reclaimed the $85,000 level multiple times this week. According to market watcher Titan of Crypto, Bitcoin’s bullish structure is still intact, with a Fibonacci-based target of $135,000 for 2025. The analyst predicts that BTC will first hit $107,000 before reaching $135,000, regardless of short-term corrections. Titan of Crypto also highlighted that Bitcoin is progressing within a megaphone pattern, indicating a potential for further upside.
Bitcoin Moves Up Gradually, Records Higher Lows
The crypto landscape is witnessing another wave of Optimism amid positive price movements. As per the data from the prominent crypto analyst JAVON MARKS, Bitcoin (BTC) shows a gradual price uptrend with higher lows. The analyst discussed the present bullish pattern of Bitcoin on social media. Prices of Bitcoin are continuing to hold a bullish pattern in higher lows, suggesting another massive wave up.
Bitcoin Price Bullish Confirmation: Next Leg Up Toward $130,000?
The Bitcoin price is on the edge of a major breakout with momentum building as it approaches major resistance. A recent technical analysis suggests the next leg up could propel BTC toward $130,000, but critical bullish confirmations are needed first. Crypto analyst Hov presented an Elliott Wave technical analysis predicting Bitcoin could surpass its previous all-time high and reach $131,060 during this market cycle, supported by a bullish confirmation pattern and key technical indicators.
Abraxas Capital Wallet Acquires Nearly $250M in Bitcoin Ahead of Easter
A crypto wallet linked to London-based investment firm Abraxas Capital purchased nearly $250 million worth of Bitcoin in the days leading up to Easter. The firm acquired 2,949 BTC, indicating renewed institutional confidence in the cryptocurrency. According to blockchain analytics, Abraxas’ latest purchase included over $45 million in Bitcoin from Binance on April 18 alone. This move follows MicroStrategy’s announcement of buying $285 million worth of Bitcoin, further reinforcing institutional accumulation.
Bitcoin Price Hovers at $84,752 After Dropping; Schwab Moves Into BTC Spot Trading
Bitcoin ($BTC) is currently trading NEAR $84,752 after retreating from a local high of $85,200. The move confirms a breakdown from a rising wedge pattern on the 2-hour chart, suggesting a potential trend reversal. Traders are waiting for a confirmed move below $84,600 before entering short positions. Despite short-term volatility, institutional momentum continues to build as Charles Schwab Corp. prepares to launch spot Bitcoin trading services by April 2026, following a 400% increase in traffic to its crypto platform.
