Bitcoin Ready To Reclaim $90,000? BTC’s ‘Next Big Move’ Could Come Next Week

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Ah, the great dance of Bitcoin! A curious spectacle, indeed, where our beloved BTC, after weeks of volatile swings, is once again caught in a struggle to break free from the chains of the $85,000-$86,000 zone. Despite its best attempts to rise above, the elusive $90,000 still taunts like a cruel mirage just out of reach. But wait! Some bold analysts – those brave souls – whisper that a breakout from this resistance may be near. Could this truly be the moment of triumph? Only time will tell, my friend.

Bitcoin’s Grand Resurgence: A Possibility or a Fantasy?

In the last week, our dear Bitcoin has wrestled between the $83,000-$86,000 range, managing a recovery after a somewhat humiliating dip below $80,000 at the start of the month. One might say it’s a tragic tale of highs and lows, of hope and despair. This poor cryptocurrency has been plagued by the ongoing trade tariff war between the United States and numerous countries, a battle that has sent BTC’s price on a wild rollercoaster. One moment up, the next moment down – an existential crisis unfolding in real-time.

The recovery? Well, it all began when the mighty US President – yes, that one – decided to pause tariffs on over 75 countries for 90 days. This sent BTC soaring back above $80,000. A brief moment of joy in a cruel world of uncertainty. But alas, even in these moments of hope, Bitcoin was still tethered, unable to escape the grim shadow of the $78,500 support level, trapped between resistance and support like a tortured soul.

Market watcher Daan Crypto Trades (what a name, no?) speaks of Bitcoin’s movements as if they were the delicate steps of a dancer on a razor’s edge. BTC’s recent moves within this key zone, retesting the downtrend line and the 200 Exponential Moving Average (EMA), are a true test of its mettle. This “tough price region” has been a formidable opponent, resisting all attempts at escape. Yet here we are, still waiting…

And so, with Thursday’s brief surge, Bitcoin may finally be breaking free from its downtrend. Could this be the breakthrough we’ve all been waiting for? The “ultimate level to break” now lies ahead – the fabled $90,000-$91,000 barrier. But do not rejoice too soon, for our trader friend warns that the next few days may bring little excitement, thanks to the Easter weekend’s low volumes and liquidity. Boring, he says. A cruel game of waiting for a major headline to shatter the silence. Oh, the agony of it all! 🥱

The Key Levels: Bitcoin’s Next Great Challenge

Enter Sjuul from AltCryptoGems, a man of wisdom (or perhaps a man of great sarcasm) who points out that Bitcoin is once again trapped beneath the 50-day EMA. This, he says, is the barrier that separates us from the resumption of the great bull run. How poetic! But, alas, this is no easy foe. Bitcoin has danced between $78,000-$95,000 since March, with the 50 EMA marking the mid-point. A perfect line, separating the bulls from the bears, as clear as day – or as clear as a foggy morning in a Dostoevsky novel.

If Bitcoin can somehow break free from this mid-range trap – say, surpassing the $85,000-$86,000 zone – it could very well sail past $90,000 and head toward the high end of the range. But the real question is: can it gather the strength to do so? Will strong buying pressure flood the market, as our analyst suggests? Will this be the moment when the EMA 50 is finally flipped, and the heavens themselves part to reveal the path to glory? Or will we be left hanging once again? Only the market gods know…

As it stands, Bitcoin is trading at $84,521, a modest 1.2% increase over the week. A quiet triumph, yet still so far from the glory it once knew. But who can say? Perhaps the next chapter will be more exhilarating.

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2025-04-19 10:20