{"id":160961,"date":"2026-05-04T15:00:17","date_gmt":"2026-05-04T15:00:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=160961"},"modified":"2026-05-04T15:00:17","modified_gmt":"2026-05-04T15:00:17","slug":"bitcoin-price-expansion-to-97000-is-only-being-blocked-by-one-pesky-retest","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=160961","title":{"rendered":"Bitcoin Price Expansion To $97,000 Is Only Being Blocked By One Pesky Retest"},"content":{"rendered":"

The latest Bitcoin move has<\/a> brought bulls back into control of the short-term chart, but the setup is not as straightforward as a clean breakout into higher prices. The 4-hour structure shows momentum building,<\/a> trendline support holding, and buyers pushing through to higher highs.\u00a0<\/p>\n

However, the path to a much larger expansion still appears to have one unfinished step.<\/a> The technical chart implies Bitcoin may need to revisit an important area before the next major move to at least $97,000 can develop properly.<\/p>\n

Bitcoin Breakout Leaves One Important Level Behind<\/h2>\n

Technical analysis of Bitcoin\u2019s price action on the 4-hour candlestick chart posted on the<\/a> TradingView platform shows the leading cryptocurrency is already doing the difficult part of the setup.\u00a0<\/p>\n

Bitcoin\u2019s price action has moved above the long descending resistance line that had stopped previous rallies, turning the broader 4-hour structure more bullish. The breakout also came while Bitcoin continued to respect the rising support trendline that has guided the recovery since late February to April.<\/p>\n

However, breakouts without retests are incomplete. The 4-hour chart also shows that the Bitcoin price has moved ahead of the strongest demand zone, leaving behind the $71,900 to $72,000 region as the area bears may still want to retest.\u00a0<\/p>\n

Bitcoin Price Chart. Source: TradingView<\/a><\/p>\n

The Expansion Phase And What It Requires<\/h2>\n

The most important part of the setup is the support region around $71,900 to $72,000. However, a retest of this range would not be a sign of weakness. It would be the price action doing precisely what it is supposed to do: return to a level of proven demand and absorb remaining sell orders, create a strong buying opportunity, and establish a foundation solid enough to support an expansion to new yearly highs.<\/p>\n

Speaking of a run to new yearly highs, the price target proposed by this analysis is a rally to at least $97,400. This means the bullish setup has some room to breathe, but not unlimited room.\u00a0<\/a><\/p>\n

There is an invalidation level sitting at<\/a> $67,500. A breakdown below $67,500 would weaken the argument that Bitcoin is only retesting before expansion. Instead, it would mean that the breakout has failed and that sellers have regained control of the short-term structure.<\/p>\n

The broader market backdrop is helping the bullish case. Bitcoin\u2019s rebound has coincided with heavy demand through<\/a> US Spot Bitcoin ETFs, which witnessed $630 million in inflows on May 1.<\/p>\n

Bitcoin briefly broke above $80,000<\/a> over the weekend, but the move failed to hold as the price reversed before the daily close. A daily close above $80,000 could serve as the first signal of a broader bullish expansion.\u00a0<\/p>\n\n

BTC 200 Day Moving Average<\/a><\/p>\n

The next major confirmation would be a daily close above the 200-day moving average, which is currently at $83,600. Bitcoin has not closed above this moving average since October 2025, making it an important level for bulls to reclaim.<\/p>","protected":false},"excerpt":{"rendered":"

The latest Bitcoin move has brought bulls back into control of the short-term chart, but the setup is not as straightforward as a clean breakout into higher prices. The 4-hour structure shows momentum building, trendline support holding, and buyers pushing through to higher highs.\u00a0 However, the path to a much larger expansion still appears to […]<\/p>\n","protected":false},"author":0,"featured_media":160962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-160961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/160961"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=160961"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/160961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/160962"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=160961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=160961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=160961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}