Bitcoin Update – April 16

$BTC delivered a powerful impulsive rally from the lows and is now compressing just beneath the critical 75K resistance zone. Momentum has cooled, volatility is tightening, and price action is turning choppy — a classic pause before expansion.

Multiple rejections near 75K confirm active sellers, but bulls are still defending structure above 74K support. This is a high-pressure range. The longer it holds, the stronger the breakout potential.

Bullish Scenario:

Holding above 74K and building a base opens the path toward 76K–77K. A clean breakout above 75K could trigger acceleration and continuation of the trend.

Bearish Scenario:

Losing 74K support shifts momentum and exposes 73K–72K for a deeper reset before the next major move.

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