Bitcoin just pushed up to a fresh local high of $89,888, showing strong momentum across the board.
Key Observations:
15m chart shows a sharp breakout after consolidating in a tight range. The breakout candle had solid volume, indicating buyer strength.
1h chart confirms bullish structure with higher lows and higher highs. The move from $83,111 to near $90K happened fast ā momentum is strong.
4h chart reflects a clean V-shape recovery from the $74.5K bottom earlier this month. BTC has reclaimed key resistance levels with conviction.
Price Action:
Current price: $89,600+
24h High: $89,888
24h Low: $86,389
Order Book Insight: Buy-side pressure remains dominant, especially visible on the 1h snapshot where bid volume outweighs asks ā this often precedes further upside.
Conclusion: BTC looks bullish in the short term, but weāre approaching a psychological barrier at $90K. A clean break and retest could lead to continuation, but watch for potential rejection zones or liquidity grabs around that level.
#TRXETF MARKET UPDATE: $GRT š„ āāāāāāā GRT is perfectly pumping as predicted and is now attempting to hold above the marked support level. If it sustains above this horizontal support, a continuation of the upward move is likely $GRT
MARKET UPDATE: $DOGE āāāāāāā DOGE is consolidating within a symmetrical triangle pattern and has recently rebounded from the support trendline. Currently, the price is in a downtrend after gaining bullish momentum. A decisive breakout or breakdown from the pattern will confirm the next directional move. Keep a close watch. āāāāāāā #Write2Earn $DOGE
MARKET UPDATE: $SUI āāāāāāā SUI is currently trading below the resistance trendline of a falling wedge pattern and was recently rejected from this level. Despite the prior downtrend, the price is now gaining upward momentum, suggesting a potential breakout that could lead to a bullish move.
However, if SUI fails to hold its current level, it may resume its downtrend or retest the support trendline. Keep an eye on the next price movement for confirmation of the breakout or a possible reversal. āāāāāāā #Write2Earn $SUI
The price is currently finding support at the uptrend line. We may see a movement toward the resistance area, and it will be interesting to see if the price can break through this level. Conversely, if the price drops below the uptrend line, it could lead to a new low.
#USElectronicsTariffs : $SOL āāāāāāā SOL has broken out of a falling wedge pattern and has recently rebounded from the support trendline. The price is currently holding above a key resistance level with strong upward momentum, although there are signs of short-term weakening.
However, if the price fails to hold above the resistance trendline, we could see a downward move back into the wedge or a retest of the support level. Keep an eye on the next price action. āāāāāāā
#BinanceSafetyInsights VIP MARKET UPDATE: $BTC DOMINANCE āāāāāāā BTC.D is attempting to break out of the descending triangle. A successful breakout followed by a retest above the triangle would serve as further bullish confirmation, potentially signaling another corrective wave in the market.
On the other hand, if BTC.D falls back into the triangle and breaks down below it, that would be a strong indication of an upcoming bullish rally in altcoins. āāāāāāā $BTC
Asian session starting now, forming a balance, if we manage to close the first hour below $84,930, we will go for a dump until $82,306 like in the prediction$BTC
#BTCRebound VIP MARKET UPDATE: $TRX āāāāāāā TRX has broken out of the symmetrical triangle with a bullish candle closing above the pattern. An upward move is expected from here, or potentially after a successful retest of the triangle. āāāāāāā $TRX
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On April 7, the market took a hit, with $1.58B liquidated from crypto markets and stock markets crashing, triggering trading halts.
However, after Trump reversed his tariff stance, Bitcoin surged to nearly $82,000, boosting investor confidence and lifting the crypto market.
XRP, ETH ā +12% SOL, ADA, BNB, DOGE ā +10% Total Market Cap ā +6%
Futures saw $350M in short liquidations. Some traders see this as a buying chance, but risks remain.
šŖ First XRP ETF Hits the Market
Teucrium is launching the first-ever XRP ETF in the U.S. This ETF (XXRP) will let invest#ors bet on XRPās price using leverage, meaning they can make double the profit or loss from XRPās price changes.
XXRP will start trading on the NYSE Arca on Tuesday, even though thereās no approval yet for a standard XRP ETF. The fund charges a 1.85% fee and could be risky because XRPās price can change a lot.
XRP jumped 6.5% in the 24 hours after the news, following a broader market rally.
š° Bitcoin Has Worst First Quarter in 10 Years
Bitcoin dropped 11.7% in Q1, its worst start in a decade, ranking 12th out of 15 first quarters.
The last time it performed this poorly was in 2015, but prices bounced back the next year. Despite a 9.4% drop in Q1 2020, Bitcoin finished the year up over 300%.
Economic uncertainty and Trumpās tariffs are affecting markets, but weak Q1s donāt always mean bad news ā Bitcoin has recovered in half of the years it started negative, so thereās still hope for a rebound.