The Bitcoin price seems to be stuck in a consolidation area and ricocheting of $ 83,000 and $ 86,000 over the past week. Without clear direction for the main CryptocurrencyInvestors are left and wonder what phase the market cycle is in – Bullish or Baisseish.
According to a popular crypto analyst on the social media platform X, the Bitcoin Prize can prepare for its next major move in either direction in the coming weeks. In any case, here are the important levels to watch out for the next few days.
Crucial levels to look at BTC’s next move
In a April 19 post on the X platform, crypto analyst Ali Martinez shared An interesting analysis of the Bitcoin Prize at the same time as the current layout for the world’s largest Cryptocurrency through market signs highlights the current layout. The online pound found that BTC bears and bulls are locked in a battle, leading to a choppy marketing relationship.
Noteworthy Premier Cryptocurrency seems to have entered the interval $ 83,000 $ 86,000 on Saturday, April 12. Therefore, Martinez’s analysis in principle revolves around the price of BTC, which jumps off the support and resistance levels on an hour’s time frame.
Source: @ali_charts on X
As shown in the diagram above, the Bitcoin price tried several times to break the resistance zone around the region $ 86,000 over the past week. But Bulls’ optimism Met with the strong resilience at Bitcoin Bears, as the price of BTC almost always found its way back to $ 83,000.
Most recently, the flagship Cryptocurrency took its way to $ 86,000 on Wednesday, April 16, but failed to break the significant resistance zone after the US Federal Reserve (Fed) chairman Jerome Powell suggested that the interest rate cuts may not be as early as expected of crypto dealers.
Martinez noted in his post that the next significant feature for the Bitcoin price is mainly due to the levels of $ 83,000 and $ 86,000. According to Crypto Pundit, a Breakout over $ 86,000 brand May spell the beginning of a bite -like for bitcoin, while a break under $ 83,000 can mean further correction for the market leader.
Bitcoin price overview
After reaching its highest time of $ 108,786 in January 2025, BTC’s price Has been on a steady decline in recent months. According to Data from Coytecko, the flagship Cryptocurrency has lost more than 22% of its value since he received his record high price.
From this writing, the price of bitcoin amounts to about $ 84,530, which reflects a decline of 0.3% over the past 24 hours. At the same time, the Bitcoin price is increasing by more than 1% on the weekly time frame.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Image from iStock, chart from tradingview
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