#BTCRebound

Bitcoin’s Sudden Surge to $88K Might Be Short-Lived — Here’s Why

Bitcoin (BTC) surprised the market today, spiking over 2.4% and briefly touching $88,000 during the Easter Sunday weekend — catching many traders off guard.

Excitement is surging, with bold predictions of $100K to $200K soon, fueled by voices like Robert Kiyosaki.

But behind the hype, technical indicators are flashing warning signs.

Here’s why this rally might not last:

1. Rejection at the 200-Day Moving Average

BTC hit the critical 200-day moving average — a strong resistance point.

Historically, Bitcoin struggled here, and today’s rejection mirrors the same weakness.

2. Bollinger Bands Indicate Overbought Conditions

Bitcoin touched the upper Bollinger Band, which is aligned with the 200-day MA.

Historically, this signals that BTC could be overstretched and due for a pullback.

3. RSI Hits Weekly Resistance

On the weekly chart, the Relative Strength Index (RSI) has reached a key resistance trendline — the same one that triggered weakness back in September 2024.

No breakout this time — just a touch and hesitation.

Adding fuel to the hype?

Gold has just hit an all-time high, leading to speculation that Bitcoin could follow — but when greed dominates, sharp corrections often follow.

Bottom Line:

Yes, Bitcoin is flying high — but caution is critical.

This could be the perfect setup for a sharp pullback before any real breakout.

Stay smart. Stay ready. StaySAFU