Despite traditionally forming a bearish technical pattern, Bitcoin (BTC) appears to be setting the best stage for the new record, with asset gatherings that can be seen around 80%.
Specifically, well-known online trading analysts Trade shot On April 4, Bitcoin completed the One Day of Death Cross, observing that its 50-day moving average (MA) fell below the 200-day MA.
Although this is often considered a negative signal, he said, during the ongoing 2023-2025 bull cycle, this pattern precedes a major gathering that instead serves as a powerful purchasing signal. TradingView I will post it on April 4th.
Experts say the bullish outlook can be inferred from the wider trends that Bitcoin has continued since it hit bottom in November 2022, known as “channel up,” and since it rose in price structure marked by a wider low.
Every time Bitcoin approaches the lower boundary of the channel, a one-day death cross and a bollinger band (BB) squeeze appears, showing low volatility and often preceded sharp price movements.
What are these signals displayed each year? Trade shot It infuses “transition month,” a turning point where Bitcoin moves from the local bottom to a new bullish stage. Past transition months include December 2022, September 2023, and August 2024. Currently, April appears to be playing its role in 2025.
Each transition month has historically benefited at least 100% from the bottom. If the March 10th retest marks a new base, Bitcoin could head down the path to $150,000.
Bitcoin’s next major resistance
If Bitcoin is targeting $150,000, then you must first overcome some short-term resistance levels. To this end, on April 5, prominent cryptocurrency analyst Ali Martinez pointed out in X that Bitcoin’s key barrier is at the $87,000 mark.
At this level, three key technical indicators converge: 50-day MA, 200-day MA, and Bitcoin’s highest ever-growing descending trendline.
The 50-day MA reflects short-to-medium-term momentum, while the 200-day MA shows a broader trend. Both are descending trend lines, and when signaling maintains downward pressure, they mark important battlefields for bulls and bears.
Breakout above this zone can change market sentiment and pave the way for higher prices, but denials could confirm the ongoing bearish momentum.
It is worth noting that Bitcoin was recovered to nearly $84,000 on Friday after falling below $81,500 the day before. The move has sparked a wider market selling, bolstered by China’s rapid retaliation.
Stocks have been struggling, but Bitcoin continues to show resilience. Still, cryptocurrencies have been hovering mostly between $80,000 and $90,000 over the past month, with traders watching the global market in the absence of major crypto-specific developments.
Bitcoin price analysis
Bitcoin trades at $83,682 per press time, earning a modest 1% in the last 24 hours. In the weekly time frame, Maiden’s digital assets are up 0.21%.
Overall, Bitcoin’s current market sentiment is bearish, reinforced by a low fear of 26 and a greedy index score, indicating investor fear.
Additionally, at current prices, Bitcoin trades its 50-day simple moving average (SMA) of $89,357 and 200-day SMA at under $84,704, suggesting shorter losses and long-term losses.
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