Bitcoin Price Rises—Momentum Suggests More Growth
Bitcoin price is rising beyond $87,500. BTC is rising and may soon break $88,800.
Bitcoin began rising after finding $85,000 support.
The price is over $87,500 and the 100-hour SMA.
On the hourly BTC/USD chart, a positive trend line connects to support at $87,300.
If it breaks $88,800, the pair may rise again.
Bitcoin Expects More Gains
Bitcoin price stabilized over $84,200 and rose again. BTC broke $85,500 and $86,200 barrier.
Bulls pushed price beyond $88,000 barrier. It surged and tested $88,800 resistance. The price is consolidating gains above the 23.6% Fib retracement line of the upward run from the $86,400 swing low to the $88,800 high.
Bitcoin is over $87,500 and the 100-hour SMA. On the hourly BTC/USD chart, a positive trend line connects to support at $87,300.
Near $88,600 is immediate upward barrier. Near $88,800 is the first major resistance. The next hurdle may be $89,500. A closing above $89,500 resistance might boost prices. Should the price climb, it might challenge $90,500 barrier. More increases might push the price toward $92,000.
BTC Downside Correction?
Bitcoin may correct below $88,800 if it fails to increase. The downside has immediate support at $88,000. The first key support is at $87,600, the 50% Fib retracement level of the upward run from $86,400 swing low to $88,800 high.
Near $86,800 is the next support. More losses might push the price toward $86,400. The major support is $85,500.
The technical indications
The MACD is rising in the positive zone.
Relative Strength Index hourly BTC/USD RSI is over 50.
Major Support Levels: $88,000, $87,600.
Major resistance levels: $88,800, $89,500.
#BTCRebound #TrumpVsPowell #SaylorBTCPurchase $BTC
According to a report from Pine Analytics, token issuers on Pump.fun have funded "sniper" wallets to buy back their own meme coins, manipulating the market. This behavior has affected over 15,000 token releases, accounting for 1.75% of the total activity on the platform. The sniper wallets purchase tokens immediately upon release and sell them quickly, creating fake demand. This disadvantages retail investors and erodes trust in the platform. Pine Analytics found that around 50% of releases involved sniper wallets, but detecting and preventing this behavior remains challenging. Analysts recommend building a transparent on-chain culture to address the issue long-term.
Source: https://x.com/PineAnalytics/status/1914301091337953734
$BTC Breakout Alert! 🔥
Price: $88,116 on April 22 — and it’s heating up!
Technical Breakdown:
Golden Bounce off the EMA 25 ($84.4K) and slicing right through EMA 99 ($87.3K) — bulls ain’t playin’!
Volume is healthy, candles are strong, and momentum is 🔥
Local top at $88,877 – short-term resistance to watch
Support zone forming around $87K and $84K
Trend Signal:
BULLISH
{future}(BTCUSDT)
If BTC holds above EMA 99, we could see a retest and breakout past $89K
MACD & RSI (not shown but likely bullish based on price movement) may be crossing into strong upward momentum
Trade Idea:
Entry: Buy on retest around $87K–$87.3K
TP1: $89.5K
TP2: $92K
SL: Below $85.5K
Fuel for the rocket:
Strong recovery from $74K low
EMA squeeze breakout
Market shaking off corrections like a champ
#BTC is back in beast mode
Will the bulls charge through $90K next?
🔍【Why Top Trader Eugene Ng Ditches Fundamentals for Pure TA】
In his latest post, Eugene Ng Ah Sio explains why he no longer uses fundamentals to justify positions:
“One day BTC trades like gold. The next, it's a leveraged S&P. Everything changes. Predicting what comes next is a losing game.”
🔫 “If you put a gun to my head, I wouldn’t buy gold or short the S&P. I’d sit tight with my market-neutral, hedged exposure.”
💡 He chooses to follow price, not narratives. That’s the mindset of a real trader.
#cryptotrading #TAOnly
🔖 Choose your favorite strategies and stick to them.
Everyone has their favorite graphic models, which, in his opinion, work best - support and resistance levels, upward and downtrends, technical analysis models...
🔴 Finding certain patterns is an important part of trading psychology. Patterns and patterns tend to be repeated, so identification can help you trade.
🔴 But you need to find something that works for you. Choose from two to five favorites. Practice recognizing when they happen.