Bitcoin Outlook: Bullish Trends Emerge Amid Market Developments

Bitcoin (BTC) rose to $85,033 on April 19, reflecting changing supply-demand dynamics as stakeholders accumulate BTC. Charles Schwab plans to launch spot crypto trading, enhancing market confidence. Key price scenarios indicate resistance levels and potential declines. Ethereum (ETH) shows a bearish trend but may rally under certain conditions. BTC faces challenges from macroeconomic factors but could benefit from regulatory clarity and ETF inflows.

On April 19, Bitcoin (BTC) increased by 0.61%, closing at $85,033 after reversing a previous 0.52% drop. This rise marked the first time BTC maintained the $85,000 level in seven sessions. The upward trend reflects changing supply-demand dynamics amid economic uncertainty and trade tensions, as stakeholders have begun accumulating BTC after the recent dip.

Market intelligence from Santiment revealed that Bitcoin’s significant stakeholders, wallets holding between 10 and 10,000 BTC, now control 67.77% of the total supply. Since March 22, these investors have added over 53.6K BTC, indicating a robust accumulation trend which is critical for BTC’s price stability moving forward.

While current data suggests resilience, a notable shift in BTC’s supply-demand equilibrium appears imminent. Notably, Charles Schwab, with its 30 million customer base, has announced plans to initiate spot crypto trading by 2026, as reported by ETF Store President Nate Geraci. Schwab’s strategy reflects growing confidence in the crypto sector, although regulatory clarity from the SEC and US policymakers remains essential for widespread adoption.

Key price scenarios for BTC show that it is trading above the 200-day Exponential Moving Average (EMA) but below the 50-day EMA, indicating a long-term bullish trend despite potential short-term fluctuations. A successful breach of the 50-day EMA and $86,263 resistance could facilitate a rise to the next resistance level at $90,742, bringing the critical $100,000 target into play.

Conversely, should BTC fall below the 200-day EMA, it may test support around $80,000, with further declines potentially targeting the March 11 low of $76,642. Continuous monitoring of market dynamics, including BTC price data and technical indicators, is crucial for stakeholders.

In contrast, Ethereum (ETH) remains below both the 50-day and 200-day EMAs, suggesting a bearish outlook. However, surpassing $1,750 could initiate a rally towards the 50-day EMA and $2,000, with a breakout beyond $2,000 targeting $2,308. ETH’s trajectory will also be influenced by ETF spot flows and US tariff policies.

BTC’s journey to $100,000 is challenged by various macroeconomic factors, including trade tensions between the US and China, recession risks, and ongoing monetary policy uncertainties. Nevertheless, significant ETF inflows, comprehensive economic data, and regulatory clarity will play crucial roles in shaping market sentiments moving forward.