$BTC
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Bitcoin Daily Update: What’s Happening with BTC?
Bitcoin recently jumped to $94,904 — just shy of the March high at $94,971, which is an important resistance level.
Where Things Stand:
Daily Chart: Bitcoin has confirmed a bullish reversal.
Weekly Chart: A full confirmation of the uptrend will come only if BTC breaks above $99,431.
So while the trend looks positive, we’re not completely in the clear yet. I’m staying objective with my technical analysis — though personally, I’m feeling pretty bullish right now.
Current Price Zone: The current price area lines up with several important support and resistance levels. After a strong move like this, Bitcoin usually does one of two things:
Forms a bull flag (sideways movement before another push up), or
Drops in a correction to shake out traders who jumped in late with leverage.
Important to Note:
The deeper the pullback, the more over-leveraged long positions get liquidated. I’ve mapped out key liquidation zones in my chart.
Most Asked Question:
“Will Bitcoin revisit the $78K–$80K range?”
That depends on how the weekly candle closes:
Bullish close? Likely continuation next week.
Bearish or uncertain close? We might revisit lower levels.
Looking Ahead: Bitcoin needs to create a Higher Low (HL) on the weekly chart. Technically, any low above $74,457 qualifies — but we might not go that low if demand remains strong.
Reminder:
Crypto is still heavily driven by liquidity. If enough buyers step in early, the bottom could form at a higher price. We'll revisit the HL setup in the coming weeks.