Analyst Warns Bitcoin Bull Run Could Continue Unless Critical Support Level Is Breached
As of April 2025, market analysts observe that Bitcoin’s bullish trajectory remains fundamentally strong, contingent upon the cryptocurrency maintaining key support thresholds. Technical indicators suggest that a breach below these critical levels could signal a potential trend reversal, prompting investors to monitor price action closely. The current market sentiment underscores the importance of these support zones in determining whether the upward momentum will persist or if a corrective phase may emerge.
$49,000 As Key Price Level For Bitcoin – Here’s Why
In an X post on April 18, Severino has identified the $49,000 price region as the make-or-break zone for the Bitcoin market. With the help of a weekly trading chart, Severino highlights that Bitcoin remains on an ascending trendline stretching as far back as Q3 2023.
An ascending trendline represents a sustained uptrend in price action, typically confirmed by the formation of successive higher highs and higher lows. It typically demonstrates a persistent buying pressure and sufficient underlying demand, thus ensuring a prolonged price rally.
Generally, the higher lows reflect the strength of an ascending trend. Therefore, any fall below the previous higher low undermines the bullish momentum and indicates a likely change in market sentiment.
According to Severino’s chart, the last higher low on Bitcoin’s ascending trendline stands at $49,140. Therefore, this level represents a key support region, any price fall below which would invalidate the present bull run and signal a new market cycle.
At the time of writing, Bitcoin remains in consolidation trading between $83,000 and $86,000 as seen over the past week. The market appears to be finding stability with accumulation now on the rise.
Amid the US 90-day pause on new tariffs, the likelihood of a sharp downside catalyst is relatively low. However, the potential for a decisive price breakout remains uncertain, as broader market sentiment continues to face key resistance barriers at $86,000 and $91,000 price regions.
Bitcoin Price Forecast
At press time, Bitcoin is trading at $85,312, reflecting a price gain of 0.91% in 24 hours. Interestingly, the asset’s trading volume is up 19.77% and valued at $15.26 billion.
According to price prediction firm Coincodex, market sentiment among investors is neutral. However, there remains a significant level of caution with the Fear & Greed Index standing at 37. In forecasting Bitcoin fortunes, Coincodex anticipates a full bullish market reversal with projections of $108,296 in five days and $111,236 in a month.
