Bitcoin has seen a volatile week, climbing over 7% and trading near $85,750 as of April 15.
The past few days featured intense swings—first, a sharp drop toward $75,000, followed by a rapid recovery that pushed prices up by more than 15%.
But despite the rebound, warning signs are flashing on the charts. Analyst Ali Martinez pointed out on social media that a popular technical indicator—the TD Sequential—is signaling potential short-term exhaustion on both the hourly and 4-hour timeframes.
Often used to anticipate trend reversals, the tool suggests that Bitcoin could be nearing another pullback.
Martinez didn’t offer a specific downside target, but recent data highlights two support zones: around $82,000, where nearly 97,000 BTC were recently accumulated, and a lower level near $79,000. A revisit of $75,000 can’t be ruled out, especially given the recent turbulence sparked by macro events like new trade policies.
On the flip side, there’s still fuel for optimism. Over the weekend, Bitcoin managed to break above its 50-day moving average for the first time since February—often seen as a bullish signal. If momentum holds, a move toward the $99,500 resistance area could be back on the table.
Still, uncertainty looms. The broader market remains cautious, and even small rallies could trigger profit-taking as traders remain wary of deeper corrections.
South Korea’s Financial Services Commission (FSC) is drafting a proposal to support the launch of spot crypto ETFs, aiming for release in the second half of 2025.
Even with fresh conflict in the Middle East and a less-than-dovish Federal Reserve outlook, Bitcoin has spent more than five weeks trading comfortably above $100,000.
China’s biggest crypto hardware manufacturers are redrawing their maps. Faced with mounting U.S. tariffs on tech imports, Bitmain, Canaan, and MicroBT — firms that collectively dominate over 90% of the global bitcoin mining rig market — are moving parts of their production to the United States.
Bitdeer Technologies, a Bitcoin mining firm based in Singapore, is gearing up to raise $330 million through a fresh offering of senior convertible notes maturing in 2031.