Bitcoin (BTC) was out here flirting with new April highs like itâs on a first date with Wall Street. But letâs be real, everyoneâs side-eyeing this so-called âstrengthâ like itâs a suspiciously cheap Rolex. đľď¸ââď¸
Bitcoin price faces multiple resistance hurdles
According to CryptoMoon Markets Pro and TradingView, BTC/USD was trying to break through $86,000 like itâs a piĂąata at a kidâs birthday party. đ
Thanks to a weekend of flexing, the pair was gunning for $90,000, a level it hasnât seen since early March. But letâs not get too excitedâmacroeconomic volatility, aka the US trade war, is still lurking like that one friend who always ruins the vibe. đ
âIt’s hilarious how sentiment changes faster than a toddlerâs mood. One minute everyoneâs screaming for 50k, the next theyâre all-in on the first green candle. This emotional whiplash is why most traders end up crying into their ramen,â quipped Stockmoney Lizards on X. đ
âWhile short-term momentum looks bullish, weâve got a few more hurdles to jump before we can call this correction over.â
Stockmoney Lizards predicted rangebound action for a while, with Bitcoin building up energy like a caffeinated squirrel before its next big move. đżď¸
âOnce we clear the 97k zone, the path to 110k+ becomes much more viable by late summer.â
Brandt: BTC trendline break is not âtransition of trendâ
Traders were all abuzz about Bitcoinâs attempt to break a multimonth downward trend line. Spoiler: itâs not as exciting as it sounds. đĽą
This trend line has been hanging around since Bitcoin hit its all-time high in January. Now, itâs losing its grip like a cheap phone case. đą
âIt didnât break the downtrend just for $86Kâitâs aiming for a higher high near the 200 MA,â said SuperBro on X, referring to the 200-day simple moving average, currently at $87,566. đ
âIf the higher high is successful, which it probably will be, it can retrace for a higher low before making a run for the wedge target above $100K,â he added. đââď¸
But not everyoneâs buying the hype. Veteran trader Peter Brandt was like, âTrendlines? Pfft. Theyâre about as significant as a participation trophy.â đ
âA trendline violation does NOT signify a transition of trend $BTC.â
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2025-04-15 18:06