Notice how Bitcoin is behaving above EMA89, a similar situation to when EMA55 was conquered.
As soon as BTC managed to move above EMA55, the next day there was a retest of this level through a full red candle, followed by an even stronger green candle the next day. EMA55 stays behind confirmed as support.
Before April, retraces would lead to prices below $68,000. $62,500, $63,000 & $65,000. This is the sequence of higher lows. As soon as we entered April, there was a test of $65,700 then growth is being sustained. Now we would be lucky to see Bitcoin trading below $70,000, it isn't happening. The ground gained is being maintained.
EMA89 was another strong barrier that has been confirmed conquered today.
EMA144 sits at $78,962 while MA200 has a reading of $86,122. The next target based on Fibo extension sits at $85,300. See how easy it is to focus on resistance as the next target. It comes natural to ignore support.
Little by little market conditions continue to improve. This long-term bullish consolidation process tend to lead to a surprise advance when it takes place. A slow build-up followed by a reaction that changes everything in a single day.
Trading volume is going up. The daily MACD & RSI both support additional growth.
Bitcoin recovered the $74,500 April 2025 low resistance and turned it support. This was the most important barrier just days ago. Even the 0.236 Fib level at $75,622 is being flipped today. All these developments support higher prices.
At first, there was doubt; the market was sideways after a major low. Now, months of sideways action, "accumulation," resulted in a pattern of higher highs and higher lows.
It doesn't really matter what the news has to say; price and chart action is pointing up; soon, Bitcoin will be trading right below $100,000. Do you think this will happen in April or May?
