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.
High-profile crypto trader James Wynn has begun paring down his Bitcoin holdings after riding the latest wave to new all-time highs.
Bitcoin briefly touched $111,000, marking a new all-time high before sliding back to around $108,000.
Bitcoin’s latest record-setting run has reignited chatter across the crypto markets—not just about BTC, but about what comes next.
Despite Bitcoin cooling off to around $108,000 after recently breaking above $110K, derivatives data shows that large traders are still betting big on a major rally.