Technical Analysis Suggests Bitcoin’s Breakout Could Propel BTC Toward $90,000-$92,000 Range

As of April 21, 2025, Bitcoin (BTC) has demonstrated a significant breakout pattern, according to technical indicators. Market analysts now project a potential upward trajectory for BTC, targeting the $90K-$92K resistance zone. This bullish sentiment is supported by key momentum oscillators and historical price action, suggesting renewed institutional interest and strong accumulation at higher support levels. Traders are monitoring Fibonacci extensions and volume profiles to confirm the sustainability of this rally, with particular attention to the $88K psychological threshold as an intermediate milestone.

The range breakout is seen on the hourly chart (left).

It follows the recent invalidation of the bearish trendline, characterizing the sell-off from record highs, as seen on the daily chart. BTC has also surpassed the 30-day exponential moving average (EMA) of price highs, indicating a bullish shift in momentum.

The focus, therefore, is on the $90,000-$92,000 range, the former support zone from early this year. Those tracking moving averages should note that the 200-day simple moving average (SMA) is now located at $88,245.

The bullish outlook risks invalidation should prices fall all the way back to $85K by the day’s end (UTC).