The price of Bitcoins seems to get stuck in the consolidation range, roaring levels of USD 83,000 and USD 86,000 over the past week. Without a clear direction for the prime minister of cryptocurrency, investors are wondering what phase the market cycle is – Bullly or Bewish.
According to the popular cryptographic analyst on the social media platform x, Bitcoin price can be prepared for the next huge traffic in both directions in the next few weeks. In any case, here are vital levels that should be considered in the next few days.
Key levels to observe the next BTC movement
In the post of April 19 on Platform X, Analyst Crypto Ali Martinez common Compelling analysis of the Bitcoins price, emphasizing the current system of the world’s largest cryptocurrency according to market capitalization. Pundit Online noticed that the bears and BTC bulls are closed in the battle, which leads to an uncertain state of the market.
In particular, it seems that the most vital cryptocurrency entered the 83,000 USD-USD-USD range on Saturday, April 12. Therefore, Martinez’s analysis basically rotates around the BTC price reflecting the levels of support and resistance at an hourly time.
Source: @ali_charts on X
As shown in the graph above, the price of Bitcoins has tried to violate the resistance zone around the region of USD 86,000 many times over the past week. However, Bulls optimism was met with an avid Bitcoin bear resistance, because the BTC price was almost always in the direction of USD 83,000.
Recently, the flagship cryptocurrency reached the level of USD 86,000 on Wednesday, April 16, but did not break a significant resistance zone after the chairman of the US Federal Reserve (Fed) Jerome Powell suggested that interest rate reductions may not come as early as the cryptocurrency traders predict.
Martinez noticed in his post that another significant move of Bitcoins prices depends primarily on the levels of USD 83,000 and USD 86,000. According to the cryptographic expert, a breakthrough above USD 86,000 may mean the beginning of stubborn runs for Bitcoin, while a break below USD 83,000 may mean further correction of the market leader.
Bitcoin price review
After reaching the highest level of USD 108,786 in January 2025, the BTC price has fallen constantly in the last few months. According to data, Coingecko flagship cryptocurrency has over 22% of its value since the high price is reached.
In this letter, the Bitcoin price is about USD 84,530, which reflects the decrease of 0.3% in the last 24 hours. Meanwhile, the price of bitcoins increased by over 1% in a weekly time.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Recommended photo from Istock, chart from TradingView
Editorial process For a bitcoinist, she focuses on providing thoroughly examined, precise and impartial content. We maintain strict acquisition standards, and each page undergoes a careful review of our team of the best technological experts and experienced editors. This process ensures the integrity, importance and value of our content for our readers.
