Bitcoin Spikes to $88K — But the Rally Might Not Last

Bitcoin unexpectedly jumped 2.4% to hit $88,000 over Easter weekend, catching traders off guard and sparking a wave of bullish hype. Some are calling this the “last chance to buy” before BTC hits six figures — with predictions ranging from $100K to $200K. But don’t let the excitement fool you — cracks are already showing.

Three key technical signals suggest the surge may be short-lived:

1️⃣ 200-Day MA Rejection — BTC failed to break past this critical level, echoing past resistance patterns.

2️⃣ Bollinger Bands — Bitcoin tapped the upper band, hinting at overbought conditions.

3️⃣ Weekly RSI Resistance — Momentum has stalled at a major trendline, mirroring past weakness.

Bottom line? Greed is rising, but so is the risk of a sharp reversal. $BTC