Bitcoin is attempting to turn more significant resistance levels back into support, but bulls are not done yet, with 2025 set to be a key battleground.
BTC has broken through three key resistance levels in a week, but its largest retracement battle is still ongoing.
Analysis from sources, including renowned trader and analyst Rekt Capital, emphasizes that the BTC price is in a key area for bulls.
Bitcoin breaks through 'triple resistance'.
Rekt Capital reveals that Bitcoin's latest weekly chart has reclaimed three resistance lines.
In addition to weekly horizontal resistance, BTC/USD has also broken through the months-long downtrend previously discussed by Cointelegraph, as well as the 21-week exponential moving average (EMA).
In a post on X, Rekt Capital commented: "Bitcoin broke through all resistance levels last week," while uploading an illustrative chart.
Bitcoin has broken through three levels of resistance.
Another article emphasized that Bitcoin has surpassed the 21-week and 50-week EMAs, which traditionally provide support for bull markets.
Rekt Capital summarized: "Bitcoin has reproduced the price history of mid-2021, breaking through a range formed by two bull market EMAs."
BTC/USD 1-week chart comparing 21-day and 50-day EMAs.
Concerns over weak BTC prices linger.
However, for some, the true test of the current BTC price rebound lies elsewhere.
On April 28, Keith Alan, co-founder of trading resource company Material Indicators, highlighted Bitcoin's ongoing struggle to reclaim the annual opening price for 2025 in his latest YouTube video analysis.
The level around $93,500 constitutes a key focus for future movements, and briefly falling below that level after the weekly close has raised concerns for Allen.
"This is one of the reasons I think we may see more downward volatility," he said, while acknowledging that retesting new support levels could be beneficial.
Allen added that he hopes the 21-week simple moving average (SMA) can hold, but the price is in a 'critical area.'
Due to a large number of bids on Binance's futures order book, the short-term BTC price magnet also includes $94,000.
Buying liquidity was flagged and uploaded to X by monitoring resource CoinGlass on April 29.
