The price of Bitcoin seems stuck in a consolidation range, bouncing the levels of $ 83,000 and $ 86,000 during the past week. Without a clear direction for the main cryptocurrency, investors wonder what phase is the market cycle: abrupt or bassist.
According to a popular cryptographic analyst on the social media platform X, Bitcoin’s price could be preparing for his next great movement in any direction in the coming weeks. In any case, here are the important levels to take into account in the next few days.
Crucial levels to observe the next BTC movement
In a April 19 publication on platform X, the cryptographic analyst Ali MartÃnez shared An interesting analysis of the price of Bitcoin, while highlighting the current design of the world’s largest cryptocurrency for market capitalization. The online expert said that BTC Bears and Bulls are locked in a battle, which leads to a broken market condition.
In particular, the main cryptocurrency seems to have entered the range of $ 83,000- $ 86,000 on Saturday, April 12. Therefore, MartÃnez’s analysis basically revolves around the BTC price that bounces in the support and resistance levels in its time of an hour.
Source: @ali_charts on X
As shown in the previous table, the price of Bitcoin tried several times to violate the resistance zone around the region of $ 86,000 during the past week. However, the optimism of the Bulls met the staunch resistance of the Bitcoin Bears, since the price of BTC almost always found its way back to the $ 83,000 mark.
More recently, the cryptocurrency was made to the level of $ 86,000 on Wednesday, April 16, but failed to break the significant resistance zone after the president of the United States Federal Reserve (Fed), Jerome Powell suggested that interest rate cuts could not arrive as soon as cryptographic merchants expected.
MartÃnez pointed out in its publication that the next significant movement for the price of Bitcoin depends mainly on the levels of $ 83,000 and $ 86,000. According to the Pundit Crypto, a rupture above the $ 86,000 brand could mean the beginning of an upward race for Bitcoin, while a break below $ 83,000 could mean a greater correction for the market leader.
General Bitcoin price description
After reaching its historical maximum of $ 108,786 in January 2025, the price of BTC has been in a constant decrease in recent months. According to Coingcko data, the badge cryptocurrency has more than 22% of its value since it reached its record price.
At the time of writing this article, the price of Bitcoin is around $ 84,530, reflecting a 0.3% decrease in the last 24 hours. Meanwhile, the price of Bitcoin has increased by more than 1% in the weekly period.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock’s prominent image, TrainingView graphics
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