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Bitcoin (BTC) Price Compressing Between Two Key Levels – Is $74,000 Or $91,000 Next?

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Bitcoin (BTC) Price Compressing Between Two Key Levels – Is $74,000 Or $91,000 Next? - NewsBTC

Quick Summary:

Analyst Alex Clay asserted that despite the bullish rally, BTC’s price needed to reclaim the broken $80,000 support and break through the descending 4-month resistance as its short-term structure continued looking bearish.

Therefore, the flagship crypto’s price is now compressing between these two levels, which usually "precedes volatility.” The analyst also noted that BTC is "developing yet another Higher Low on the RSI while forming Lower Lows on the price.” During this cycle, the cryptocurrency has formed multiple bullish RSI divergences in the daily chart, each preceding a reversal to the levels.

Analyst Rekt Capital pointed out that Bitcoin successfully retested the $78,500 support, but its price was rejected from the 4-month downtrend resistance.

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Bitcoin (BTC) Price Compressing Between Two Key Levels – Is $74,000 Or $91,000 Next? - NewsBTC (Picture 1)Bitcoin (BTC) Price Compressing Between Two Key Levels – Is $74,000 Or $91,000 Next? - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-12 @ 10:30:58 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 522 words

Reading Time: 3 minutes read

Sentences: 81 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27805757

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 1 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 21 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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