Bitcoin currently trades at $84,820, above crucial support and showing potential for upward movement. It has traded between $74,000 and $88,000, with a TD Sequential buy signal indicating an impending price rise to $90,000 or $95,000. Trading volume has decreased, but market sentiment has shifted positively as Bitcoin regains strength.
Bitcoin is holding a steady position above a critical support level, exhibiting bullish behaviour amid intermittent volatility. Priced currently at $84,820, it has fluctuated between $74,000 and $88,000 over recent weeks, suggesting a potential breakout towards higher levels. A TD Sequential buy signal indicates that Bitcoin could potentially reach $90,000 or even $95,000, reflecting growing market confidence.
Despite recent turbulence triggered by macroeconomic factors, Bitcoin (BTC) has regained its footing and is poised to advance. Having seen an increase of nearly 7% over the past week, the cryptocurrency has shifted from a negative to a positive trajectory, displaying resilience in overcoming resistance levels. The market sentiment is now shifting positively, indicating a shift towards upward momentum.
Presently, Bitcoin trades at $84,820, showing a slight increase of 0.49%. However, trading volume has decreased by 28.57%, sitting at $21.42 billion with a market capitalisation of $1.68 trillion, indicative of stability within a cautious trading environment.
Crypto analyst Ali presented a weekly Bitcoin candlestick chart using the TD Sequential indicator, indicating potential price reversals from late 2024 to mid-April 2025. The indicator suggests an anticipated bullish move, with the TD Sequential buy signal denoted by a green “1” and upward arrow, signalling potential upward momentum following a period of consolidation.
The chart identifies $86,000 as a crucial resistance level. A confirmed close above this threshold could open pathways to target $90,000 and ultimately $95,000. Additionally, the chart demonstrates a consistent uptrend with recent candlesticks testing the critical $86,000 level, illustrating positive price action.
