However, as April unfolds, a collective bullish shift among spot traders on major exchanges is now evident. Crypto market analyst Dom highlighted that Binance selling pressure has waned, allowing Bitcoin to regain momentum. “BTC has been able to breathe ever since the Binance selling tapered off. We are even seeing some spot buying from them for the first time in over a week,” he noted.
Bitcoin Converts Resistance to Support
From a technical standpoint, Bitcoin has successfully turned the $84,000–$85,000 resistance zone into a support level. Moreover, BTC now trades above key moving averages, including the 50-day, 100-day, and 200-day exponential moving averages (EMAs), reinforcing its bullish stance.
That said, external liquidity levels between $87,700 and $88,700—where previous highs were established—could pose a temporary hurdle. Consolidation within this range could serve as a launchpad for a potential $90,000 retest, a level not seen since March 7.
Key Levels to Watch
While Bitcoin’s current structure supports further upside, a decisive close below $85,000 in the coming days could shift momentum back in favor of short sellers. A retest of this support could dampen bullish enthusiasm and invite further downward pressure.
With macroeconomic developments on the horizon, particularly in anticipation of the White House’s scheduled press conference on trade policies, Bitcoin traders are preparing for heightened volatility. Market participants will be closely monitoring price action to see if BTC can solidify its bullish breakout or face another round of consolidation.
