The price of Bitcoin seems to be stuck in a consolidation range, ricoche on the levels of $ 83,000 and $ 86,000 in last week. Without a clear direction for the first cryptocurrency, investors wonder in which phase the market cycle is – bulky or lower.
According to a popular crypto analyst on the social media platform X, the Bitcoin Prize could prepare for its next big movement in both directions in the coming weeks. In any case, here are the important levels to watch in the coming days.
Crucial levels to monitor the next BTC movement
In an article of April 19 on the X platform, the Crypto Ali Martinez analyst shared an interesting analysis of the Bitcoin Prize while highlighting the current provision of the world’s largest cryptocurrency by market capitalization. The online pundit noted that the BTC bears and the bulls are locked in a battle, leading to an agitated market condition.
In particular, the first cryptocurrency seems to have entered the range of $ 83,000 at $ 86,000 on Saturday April 12. Consequently, Martinez’s analysis mainly revolves around the price of the bouncing BTC on the levels of support and resistance on its one hour period.
Source: @ali_charts on X
As indicated in the above graph, the Bitcoin price has tried several times to violate the resistance zone around the region of $ 86,000 during last week. However, the optimism of the Bulls has encountered the solid resilience of Bitcoin Bears, because the BTC price has almost always found its way to the $ 83,000 mark.
More recently, the flagship cryptocurrency made its way to the level of $ 86,000 on Wednesday, April 16, but failed to break the important resistance zone after the president of the American Federal Reserve (Fed), Jerome Powell, suggested that interest rate drops could not arrive as expected by cryptographic traders.
Martinez noted in her post that the next significant decision for the Bitcoin price depends mainly on levels of $ 83,000 and $ 86,000. According to Crypto Pundit, an escape higher than the $ 86,000 mark could mean the start of a bull’s bitcoin race, while a break below $ 83,000 could mean a new correction for the market leader.
Bitcoin price preview
After reaching its summit of $ 108,786 in January 2025, the price of the BTC has been declining regular in recent months. According to Coingecko data, the flagship cryptocurrency has disrupted more than 22% of its value since it reached its record price.
To date, the price of Bitcoin amounts to approximately $ 84,530, reflecting a drop of 0.3% in the last 24 hours. Meanwhile, the price of Bitcoin has increased by more than 1% on the weekly time.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock star image, tradingview graphic
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