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

Bitcoin (BTC) saw an unexpected jump of more than 2.4% today, briefly pushing its price to $88,000. The move came during the Easter Sunday weekend, catching many traders off guard. While the sudden rally shifted market sentiment from caution to excitement — with some now calling it the "last chance to buy" before Bitcoin hits $100,000 or even $200,000 as predicted by Robert Kiyosaki — the optimism may be premature.

Despite the bullish mood, several signs suggest the rally could be running out of steam. Three technical factors, in particular, raise red flags.

1. Rejection at the 200-Day Moving Average

Bitcoin's price hit the 200-day moving average on the daily chart — a key technical indicator often seen as a major support or resistance level. The last time BTC encountered this line, it broke through in March but was rejected in early April. Today’s move mirrors that pattern, with Bitcoin once again failing to break above the average.