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Bullish
Will Bulls Break Out? Bitcoin (BTC) Eyes $90K After Rebounding From $70K
Post-pause bullish momentum is forming in the crypto market as Bitcoin (BTC) exceeds $81,000. Trading at $81,243. Bitcoin fell 0.45% in 24 hours after consolidating.
Bitcoin's price changes mood as it tries to regain support. Bitcoin: Can it regain $90,000?
Bitcoin Price Analysis
BTC price movement on the daily chart shows that Bitcoin's severe correction began in early 2025. The leading cryptocurrency fell roughly 30% to $76,000 in the previous two weeks from $108,000 in February.
Bitcoin is reaching the 0.382 Fibonacci level at $87,052, a huge obstacle. We might consider a 0.5 advance toward the Fibonacci level of $90,442 if this level is cleared.
Bitcoin's price is below all EMAs, indicating a negative trend. Price is approaching the 50-day EMA at $85,331, a key resistance mark for further price swings.
DMI reads 18.0020, 17.7144, and 14.3023. Bullish and bearish forces are now balanced. A crossover may signify a trend shift.
Bitcoin has immediate support at $76,000 and psychological support at $80,000. Resistance levels include $82,858 (0.236 Fib), $87,052 (0.382 Fib), and $85,331 (50-day EMA). This establishes a key Bitcoin bullish reversal zone.
Target Prices
Bitcoin might reach the 0.5 Fibonacci retracement at $90,442 if it breaks above the falling triangle and the 0.382 Fibonacci level at $87,052.
If momentum falters, the triangle support around $76,000 may be retested. A breach below this level might increase selling pressure and send prices toward the next key support at the 0 Fibonacci level at $72,000.
Bitcoin ETFs No Daily Netflow Flip
U.S. Bitcoin spot ETFs lost $149.66 billion on April 10. Grayscale Mini Bitcoin Trust received $9.87 billion. Fidelity raised $74.63 million, followed by Grayscale Bitcoin Trust with $44.63 million.
ARK, 21 Shares, and Bitwise earned $12.69 million and $10.82 million. Franklin and Invesco had outflows under $10 million.
#BTC #VoteToListOnBinance #BinanceSafetyInsights #TariffsPause #MarketRebound $BTC $ETH $XRP
Post-pause bullish momentum is forming in the crypto market as Bitcoin (BTC) exceeds $81,000. Trading at $81,243. Bitcoin fell 0.45% in 24 hours after consolidating.
Bitcoin's price changes mood as it tries to regain support. Bitcoin: Can it regain $90,000?
Bitcoin Price Analysis
BTC price movement on the daily chart shows that Bitcoin's severe correction began in early 2025. The leading cryptocurrency fell roughly 30% to $76,000 in the previous two weeks from $108,000 in February.
Bitcoin is reaching the 0.382 Fibonacci level at $87,052, a huge obstacle. We might consider a 0.5 advance toward the Fibonacci level of $90,442 if this level is cleared.
Bitcoin's price is below all EMAs, indicating a negative trend. Price is approaching the 50-day EMA at $85,331, a key resistance mark for further price swings.
DMI reads 18.0020, 17.7144, and 14.3023. Bullish and bearish forces are now balanced. A crossover may signify a trend shift.
Bitcoin has immediate support at $76,000 and psychological support at $80,000. Resistance levels include $82,858 (0.236 Fib), $87,052 (0.382 Fib), and $85,331 (50-day EMA). This establishes a key Bitcoin bullish reversal zone.
Target Prices
Bitcoin might reach the 0.5 Fibonacci retracement at $90,442 if it breaks above the falling triangle and the 0.382 Fibonacci level at $87,052.
If momentum falters, the triangle support around $76,000 may be retested. A breach below this level might increase selling pressure and send prices toward the next key support at the 0 Fibonacci level at $72,000.
Bitcoin ETFs No Daily Netflow Flip
U.S. Bitcoin spot ETFs lost $149.66 billion on April 10. Grayscale Mini Bitcoin Trust received $9.87 billion. Fidelity raised $74.63 million, followed by Grayscale Bitcoin Trust with $44.63 million.
ARK, 21 Shares, and Bitwise earned $12.69 million and $10.82 million. Franklin and Invesco had outflows under $10 million.
#BTC #VoteToListOnBinance #BinanceSafetyInsights #TariffsPause #MarketRebound $BTC $ETH $XRP
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