Bitcoin price struggled to stay above $92,000. BTC is now consolidating gains and might dip again if there is a clear move below $89,500.

• Bitcoin started a downside correction from the $92,500 zone.
• The price is trading below $91,000 and the 100 hourly Simple moving average.
• There is a contracting triangle forming with support at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it settles above the $92,500 zone.

Bitcoin Price Dips Again

Bitcoin price managed to stay above the $90,000 zone and started a fresh increase. BTC gained strength for a move above the $91,500 and $92,000 levels.

However, the bears were active near $92,500. A high was formed at $92,269 and the price recently corrected some gains. There was a drop below the 50% Fib retracement level of the upward move from the $87,777 swing low to the $92,269 high.

However, the bulls were active near the $90,000 support. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. Besides, there is a contracting triangle forming with support at $90,000 on the hourly chart of the BTC/USD pair.

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $90,800 level. The first key resistance is near the $91,200 level. The next resistance could be $92,000. A close above the $92,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,500 level. The next barrier for the bulls could be $94,200 and $94,500.

More Losses In BTC?

If Bitcoin fails to rise above the $92,000 resistance zone, it could start another decline. Immediate support is near the $90,000 level. The first major support is near the $89,500 level and the 61.8% Fib retracement level of the upward move from the $87,777 swing low to the $92,269 high.

The next support is now near the $88,800 zone. Any more losses might send the price toward the $87,500 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $90,000, followed by $89,500.

Major Resistance Levels – $91,200 and $92,000.

Ethereum has faced one of its most turbulent weeks in months, with sharp swings in price shaking both bulls and bears. Earlier in the week, ETH dipped below the $4,200 level, marking a local low that sparked concern among traders about deeper corrections. However, sentiment shifted quickly as Ethereum bounced back with remarkable strength, rallying throughout the week and eventually setting a new all-time high at $4,886 on Friday.

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This comeback reinforced Ethereum’s strong market structure and highlighted the resilience of buyers who continue to step in at critical support levels. Analysts point to institutional accumulation, declining supply on exchanges, and rising DeFi activity as key drivers behind Ethereum’s upward momentum. Despite heightened volatility, bulls appear to have regained control as the asset edges closer to uncharted territory.

Top analyst Darkfost shared insights suggesting that Ethereum is now approaching its upper realized price band, a level often seen as a signal for profit-taking among seasoned investors. Historically, these upper bands have marked overheated conditions, but they also confirm robust strength in the market. The coming days will be pivotal as Ethereum tests whether it can sustain momentum and extend its breakout phase.

Ethereum Approaches Overheated Territory

According to top analyst Darkfost, Ethereum is now entering a critical stage as it flirts with its upper realized price band. The Realized Price Bands indicator is designed to provide a clear picture of where the market stands compared to investors’ realized cost basis. It does this by extrapolating upper and lower bands from Ethereum’s realized price. The lower, or blue band, offers insight into baseline valuations, often reflecting where long-term holders have historically accumulated.

The red band, in contrast, signals moments when the price has moved into a strong positive deviation from the realized value. Seasoned investors frequently interpret this as a signal to take profits, as it often marks conditions where market sentiment is overheated. These phases can extend for weeks, allowing prices to remain elevated, but they have historically preceded more severe pullbacks or the beginning of broader bearish trends.

Ethereum’s approach to this upper band is therefore significant. Darkfost emphasizes that while the indicator is simple in design, its ability to flag overheated market conditions has proven effective across multiple cycles. If ETH sustains its position near or above this band, it could indicate the start of a short-term overheated phase.

Such phases often attract rapid speculative flows, which can push prices to new highs. However, once momentum fades, these same flows tend to unwind sharply, creating bear markets. For traders and investors, Ethereum’s test of the realized price bands could be a turning point, signaling whether the asset enters a prolonged bullish extension or prepares for a cyclical reset.

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Price Testing ATH Resistance

Ethereum’s 4-hour chart shows a strong rebound from the $4,200 region, confirming that bulls defended a critical support zone. After a sharp correction earlier in the week, ETH surged aggressively and is now trading near $4,767. The breakout came with a steep rally that cleared both the 50-day and 100-day moving averages, turning them into immediate support levels.

The price structure suggests renewed bullish momentum, especially after Ethereum printed a strong green candle that erased several days of losses in just hours. ETH is now consolidating above the 200-day moving average, a historically significant level that reinforces the bullish trend. If bulls maintain this level, Ethereum could retest its all-time high near $4,886 and potentially enter new price discovery.

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On the downside, immediate support sits around $4,400, marked by the 100-day moving average. A break below this level could open the way to $4,200 again, where bulls must defend to avoid a deeper retracement.

The chart signals strength, with higher lows forming after each correction. Combined with strong fundamentals and institutional activity, ETH remains positioned for further upside, although volatility should be expected as it approaches record highs.

Featured image from Dall-E, chart from TradingView

Bitcoin price started a recovery wave above the $85,500 zone. BTC is trimming all gains and might decline again toward the $80,000 zone.

• Bitcoin started a decent recovery wave above the $84,500 zone.
• The price is trading near $83,500 and the 100 hourly Simple moving average.
• There was a break below a connecting bullish trend line with support at $85,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it stays above the $82,200 zone.

Bitcoin Price Dips Sharply

Bitcoin price managed to stay above the $82,500 support zone. BTC formed a base and recently started a decent recovery wave above the $83,500 resistance zone.

The bulls were able to push the price above the $84,500 and $85,500 resistance levels. The price even climbed above the $88,000 resistance. A high was formed at $89,042 and the price started a sharp decline. There was a drop below the $86,000 and $85,000 levels.

There was a break below a connecting bullish trend line with support at $85,000 on the hourly chart of the BTC/USD pair. A low was formed at $82,141 and the price is now consolidating near the 23.6% Fib retracement level of the recent decline from the $89,042 swing high to the $82,141 low.

Bitcoin price is now trading near $83,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $84,000 level. The first key resistance is near the $85,000 level.

The next key resistance could be $85,550 and the 50% Fib retracement level of the recent decline from the $89,042 swing high to the $82,141 low. A close above the $85,550 resistance might send the price further higher. In the stated case, the price could rise and test the $86,800 resistance level. Any more gains might send the price toward the $88,000 level or even $88,500.

More Losses In BTC?

If Bitcoin fails to rise above the $85,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,800 level. The first major support is near the $82,200 level.

The next support is now near the $81,350 zone. Any more losses might send the price toward the $80,500 support in the near term. The main support sits at $80,000.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $82,800, followed by $82,200.

Major Resistance Levels – $84,200 and $85,500.

XRP’s price action within the past seven days has been limited to a trading range as investors look to recover the losses they incurred at the beginning of February. This range is a consequence of the current indecisiveness on the XRP price. However, popular crypto analyst EGRAG CRYPTO has provided a detailed breakdown of XRP’s price trajectory from here. Particularly, the analyst highlighted crucial support and resistance levels that could determine XRP’s movement at each stage.

XRP’s Lower Price Targets Indicate Key Support Levels

Sharing his insights on X, EGRAG CRYPTO pointed out that recent price action suggests market manipulation was at play, liquidating leveraged traders before a rebound. His observation followed the sharp downturn in the first three days of February when XRP’s price dipped below $3 and found a temporary bottom at $2.12. Furthermore, this decline included a wick that caused a wave of liquidations among leveraged traders. 

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However, the analyst maintains that as long as XRP remains above a certain blue channel on the XRP chart below, the outlook remains positive for its price trajectory. With this in mind, EGRAG CRYPTO provided a set of lower targets that serve as key support levels, emphasizing that closing below any of them could signal weakness.

Although price wicks may occur, the analyst suggests that the integrity of the bullish structure remains intact as long as the XRP price does not close below these levels. These support levels are at $2.21, $2.00, $1.80, $1.74, and $1.60. A break and close below the lowest support at $1.60 could indicate a final shift in sentiment and cause a deeper price correction.

Upper Targets Signal Potential Bullish Breakout

On the bullish side, EGRAG CRYPTO outlined upper price targets that could confirm a strong breakout if XRP successfully closes above them. The analyst identified these targets as $2.62, $2.75, $2.94, $3.22, and $3.40. Notably, XRP had already traded above these price targets during this cycle and even closed above the first four targets in the daily timeframe.

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EGRAG CRYPTO noted that the higher the price closes above these targets, the more bullish the outlook becomes, particularly over longer timeframes. A breakout and close above $3.40 would mark the first time the cryptocurrency has reached a new all-time high in over seven years. . Furthermore, the analyst price action within the $2 to $3.40 range might simply be market noise. Hence, sustained closes above the resistance levels are all the confirmation that’s needed.

At the time of writing, XRP is trading at $2.55, reflecting a 4.6% increase over the past 24 hours. This upward movement brings XRP closer to testing the first breakout target of $2.62.

Featured image from Pexels, chart from Tradingview.com

Crypto analyst Tony Severino has provided some insights into the current Bitcoin price action. He revealed that the Bitcoin upper hand has moved above $105,400 and hinted at where the flagship crypto could be heading next.

What’s Next For Bitcoin Price As Upper Band Moves Above $105,400?

In an X post, Severino revealed that Bitcoin’s upper band is now above $105,400. With this development, he alluded to a previous analysis in which he revealed what could happen once the price breaks above $105,400. In the analysis, the crypto analyst mentioned that things could get interesting once BTC breaks above $105,400.

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He then predicted that Bitcoin could rally to as high as $170,000. The analyst made this prediction while revealing how BTC witnessed a 90% surge from the wick low at the lower band to the local high. This happened the last time the flagship crypto got a head fake to the lower band before moving to the upper band.

Based on this trend, Severino believes the Bitcoin price could record another 90% surge and rally to as high as $170,000. This price target is significant as it could mark the top for the flagship crypto. The crypto analyst mentioned that the cycle top for Bitcoin can be discussed once BTC reaches this $170,000 target.

However, market experts like Standard Chartered have suggested that Bitcoin could rally beyond this $170,000 target. The financial institution predicted that a rally to $200,000 by year-end is achievable. Bernstein analysts also described a rally to $200,000 by year-end as conservative, meaning Bitcoin could rally higher. 

This bullish outlook for Bitcoin mainly stems from the fact that Donald Trump is set to take office on January 20. The pro-crypto US president-elect is expected to implement a Strategic Bitcoin Reserve for the country, which will boost the flagship crypto’s adoption.  

BTC Not Far Away From A New All-Time High 

Crypto analyst Rekt Capital has suggested that Bitcoin will soon reach a new all-time high (ATH). In an X post, he stated that BTC is one daily resistance away from breaking out to a new ATH yet again. The crypto analyst added that a daily close above the final resistance followed by a post-breakout retest would be enough to launch the flagship crypto into price discovery.  

Until then, Rekt Capital mentioned that Bitcoin would continue to range between $101,000 and $106,000. Crypto analyst Titan of Crypto offered a more optimistic outlook for the BTC, stating that the flagship crypto has started its rally. He remarked that, as anticipated, the crypto has broken through resistance and is now primed for a strong rally. 

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At the time of writing, Bitcoin was trading at around $103,509, up in the last 24 hours, according to data from CoinMarketCap. 

Featured image from Pexels, chart from TradingView

As the 4th Bitcoin Halving concluded, experts have offered bold predictions for BTC’s future. Ecoinometrics, a leading crypto insights provider, has set the upper bound for the Bitcoin price in the fourth halving cycle at an astounding $4.5 million. In addition, a Bitcoin maxi offered a staggering $1 million target for BTC price.

Will BTC Surpass $1 Million?

In a statement, Ecoinometrics emphasized, “Some people think Bitcoin is due for more diminishing returns over the next four years. I think that’s not a hard rule.” They cited the example of large cap tech stocks to explain the situation. The analyst added, “Megacap tech stocks are not suffering from diminishing returns. And Bitcoin is currently playing in the same category in terms of market size.”

However, they expressed skepticism on the Bitcoin price surging as high as $4.5 million within the next few years. Moreover, the analyst also mentioned that the upper limit has been set considering that BTC will mirror the upward trajectory noticed after past Halving event. Nonetheless, they are optimistic about the Bitcoin price reaching mid six figures.

Alessandro Ottaviani, co-owner of the Store of Bitcoin podcast, echoed this sentiment. Ahead of the latest Halving event, he stated, “Here my predictions for the next epoch of Bitcoin (2024-2028): we will reach a price above $1m.” Ottaviani also anticipated a shift in market dynamics. He asserted, “No more bear market maximum 30% retracement. If it will be more, it is because the price went up very fast and therefore not really a retracement.”

Furthermore, Ottaviani envisions a significant inflow of institutional capital into Spot Bitcoin ETFs, with the total capital deployment exceeding $300 billion. In addition, he predicted that several S&P 500 companies will publicly disclose their ownership of Bitcoin or Bitcoin ETFs on their balance sheets.

Moreover, Ottaviani also highlighted Bitcoin’s potential to become an environmentally sustainable asset. He noted, “Bitcoin will become an ESG asset also in the mainstream narrative, contributing to increased renewable energy usage.”

Also Read: Bitcoin Gas Fee Surge: Abra Global CEO Explains Why

Bitcoin Price Holds $65,000

Bitcoin has rebounded significantly after attaining a low of $59,000 past week. At the time of writing, the Bitcoin price was up by 2.17% to $65,203.57 on Sunday, April 21. Whilst, the crypto held a gigantic market valuation of $1.28 trillion. Conversely, the 24-hour trade volume for BTC slumped 35.39% to $22.22 billion.

Longs and shorts witnessed a tough competition as the latter dominated owing to the price increase. According to Coinglass data, short liquidations amounted to $13.71 million, which was slightly higher than $13.37 million worth of long liquidations. This could lead to a sideways action as long liquidations catalyze a price decline while shorts propel the value owing to the sudden buying pressure.

Also Read: 4 Cryptocurrencies You Might Want To Sell This Bitcoin Halving

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