Financial Insights That Matter
- Bitcoin is holding steady above key support and remains on a positive trajectory despite recent volatility.
- It has traded between $74,000 and $88,000 for weeks and is now showing signs of a breakout.
- Currently priced at $84,820 with low trading volume, indicating stability amid cautious market activity.
- A TD Sequential buy signal suggests a potential move toward $90,000 or even $95,000.
Bitcoin (BTC) is showing bullish signs for an upward move and currently is in a positive price trajectory and holding strong above a crucial support level. BTC has faced extreme volatility recently, triggered by several macro factors, but it has regained its ground and is poised for the next leg up.
Bitcoin has been trading between $74k and $88k for the last few weeks. Over the past week, BTC is up by almost 7% after facing several rough days that propel BTC downward, and the overall market feels pain along with the BTC. As of now, the overall market has turned from a negative to a positive phase. BTC is regaining strength and is showing strong signs of overcoming resistance and breaking its range-bound movement.
Currently, BTC is trading at $84,820 and is slightly up by 0.49%, showing stability above support. Moreover, its trading volume shows the opposite picture and is down by 28.57%, with a 24-hour trading volume of $21.42B and a market cap of $1.68T.
Bitcoin Signal Hints at Reversal, $95K in Sight
Crypto analyst Ali posted a weekly Bitcoin (BTC) candlestick graph and used the TD Sequential indicator to identify potential price reversals. It shows Bitcoin’s price movement from late 2024 to mid-April 2025, with prices ranging between $71,500 and $86,000.
The TD Sequential has flashed a buy signal, marked by a green “1” with an upward arrow, indicating potential bullish momentum. This signal suggests that after a downtrend or consolidation, Bitcoin may be poised for an upward move.
The chart notes a key resistance level at $86,000; a sustained close above this could target $90,000 or even $95,000, as per the post. The chart also includes a trendline showing a gradual uptrend, with recent candlesticks testing the $86,000 level.
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