The price of Bitcoin appears to be stuck in a standardization scope, as it distorted the levels of $ 83,000 and $ 86,000 during the past week. With no clear trend for the first cryptocurrency, investors are left wondering about the stage in which the market cycle – urinary or landing is located.
According to the famous encryption analyst on the X social media platform, the Bitcoin price can be preparing for its next large movement in either direction in the next few weeks. In any case, here are the important levels that must be paid attention to in the next few days.
Calculated levels to see the next step from BTC
In a post on April 19 on the X platform, Ali Martinez’s platform subscriber An interesting analysis of the Bitcoin price with a highlight of the current design of the largest encrypted currency in the world according to the maximum market. Critics via the Internet noted that BTC Bears and Bulls are closed in a battle, which leads to a volatile market condition.
It is worth noting that the first encrypted currency entered the range of $ 83,000-86,000 dollars on Saturday, April 12.
Source: @ali_charts on X
As shown in the graph above, the Bitcoin price has tried several times to violate the resistance area around the area of $ 86,000 during the past week. However, the optimism of the bulls was met with the flexibility of strong Bitcoin bears, as the price of BTC always finds its way to a mark of $ 83,000.
Recently, the leading cryptocurrency has made its way to the level of $ 86,000 on Wednesday, April 16th, but it failed to break the important resistance area after the US Federal Reserve Chairman Jerome Powell suggested that interest rate cuts may not come early as the encryption dealers expected.
Martinez indicated in office that the important step for Bitcoin price is mainly dependent on $ 83,000 and $ 86,000. According to Crypto Pundit, the collapse can excel over the $ 86,000 sign on the start of the Bitcoin rise race, while a break less than $ 83,000 may mean more correction to the market leader.
Bitcoin price overview
After reaching its highest level at 108786 dollars in January 2025, the BTC price has been a steady decrease in the past few months. According to data from Coingecko, the leading cryptocurrency has more than 22 % of its value since it has achieved its high price.
As of this writing, the Bitcoin price is about $ 84,530, which reflects a 0.3 % decrease over the past 24 hours. Meanwhile, the price of bitcoin increased by more than 1 % on the weekly timetable.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Distinctive image from Istock, tradingvief chart
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The post Analyst Says Bitcoin Price Might Be Gearing Up For Next Big Move — What To Know first appeared on Investorempires.com.
