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Bitcoin’s Next Move Could Lead to $107,314 or $71,000 Support
Bitcoin has support near $71K with key resistance standing at $107K
Current level at $79K could spark a move if bulls step in fast
Holding the green zone might lead to a breakout past previous highs
Currently, Bitcoin (BTC) is at an important price-cycle phase where a breakout or correction may set in. On April 8, 2025, Bitcoin was trading adjoining $79,604, with a slight rise of 1.61%. A chart shared by Crypto Patel indicates that Bitcoin's price is technically crucial since it has retested an important support level; hence the support could influence the allowable price aim for Bitcoin's next move. The green "Accumulation Zone" on the chart notes that Bitcoin is presently rallying, which is believed to be a period of accumulation by investors looking for a breakout.
https://twitter.com/CryptoPatel/status/1909478748761567720
Should the support hold, Bitcoin would be gearing itself for a potential run toward the all-time high resistance of $107,314. However, the market is undecided as it is very much approaching the likely retest of the major support at $71,000- an important price zone where Bitcoin has tested several times.
Bitcoin's Key Price Levels and Market Sentiment
The chart gives a clear view of several important levels to keep in mind for traders and investors. First, the yellow trend line, which became almost like a long-term support from the beginning, is still pointing toward the overall cloud of bullishness for Bitcoin. It has held bearish since 2023; should this trend line keep impenetrable, one could expect Bitcoin to move further up the very directly there. At present, Bitcoin moves against this yellow trend line; all this carries positive market sentiments against some overheads.
The "Accumulation Zone" is yet another important chart-based view. It further shows that this zone, earmarked in green, has indicated ranges where Bitcoin has found support in the past and considers an environment in which buyers accumulate by actively acquiring the asset. If Bitcoin manages to stay in the green zone following a bounce from support, it will likely trigger ferocious buying by bulls. The next resistance zone for Bitcoin is at the level of its highest resistance at $107,314, where the digital coin could very well face a colossal test on its road toward new highs.
Bitcoin's Resistance and the Road to New Highs
With gains still being recorded along the path upwards, Bitcoin will eventually arrive at the ATH resistance zone pegged at $107,314. A clear break above this resistance would affirm the bullish condition for Bitcoin, and new all-time highs may be expected thereafter. Going by the chart, it could be anything but an easy road to overcome; heavy resistance may still be met before a clear breakout.
Another round of accumulation has started, and history shows that such accumulation phases can be followed by prolonged periods of positive prices. If Bitcoin can manage to break the ATH resistance, the prices may go much above the resistance at $107,314 and into unknown highs. But realistically, a retest of the major support at $71,000 cannot be ruled out at that time, especially if short-term conditions turn bearish.
Current level at $79K could spark a move if bulls step in fast
Holding the green zone might lead to a breakout past previous highs
Currently, Bitcoin (BTC) is at an important price-cycle phase where a breakout or correction may set in. On April 8, 2025, Bitcoin was trading adjoining $79,604, with a slight rise of 1.61%. A chart shared by Crypto Patel indicates that Bitcoin's price is technically crucial since it has retested an important support level; hence the support could influence the allowable price aim for Bitcoin's next move. The green "Accumulation Zone" on the chart notes that Bitcoin is presently rallying, which is believed to be a period of accumulation by investors looking for a breakout.
https://twitter.com/CryptoPatel/status/1909478748761567720
Should the support hold, Bitcoin would be gearing itself for a potential run toward the all-time high resistance of $107,314. However, the market is undecided as it is very much approaching the likely retest of the major support at $71,000- an important price zone where Bitcoin has tested several times.
Bitcoin's Key Price Levels and Market Sentiment
The chart gives a clear view of several important levels to keep in mind for traders and investors. First, the yellow trend line, which became almost like a long-term support from the beginning, is still pointing toward the overall cloud of bullishness for Bitcoin. It has held bearish since 2023; should this trend line keep impenetrable, one could expect Bitcoin to move further up the very directly there. At present, Bitcoin moves against this yellow trend line; all this carries positive market sentiments against some overheads.
The "Accumulation Zone" is yet another important chart-based view. It further shows that this zone, earmarked in green, has indicated ranges where Bitcoin has found support in the past and considers an environment in which buyers accumulate by actively acquiring the asset. If Bitcoin manages to stay in the green zone following a bounce from support, it will likely trigger ferocious buying by bulls. The next resistance zone for Bitcoin is at the level of its highest resistance at $107,314, where the digital coin could very well face a colossal test on its road toward new highs.
Bitcoin's Resistance and the Road to New Highs
With gains still being recorded along the path upwards, Bitcoin will eventually arrive at the ATH resistance zone pegged at $107,314. A clear break above this resistance would affirm the bullish condition for Bitcoin, and new all-time highs may be expected thereafter. Going by the chart, it could be anything but an easy road to overcome; heavy resistance may still be met before a clear breakout.
Another round of accumulation has started, and history shows that such accumulation phases can be followed by prolonged periods of positive prices. If Bitcoin can manage to break the ATH resistance, the prices may go much above the resistance at $107,314 and into unknown highs. But realistically, a retest of the major support at $71,000 cannot be ruled out at that time, especially if short-term conditions turn bearish.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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