{"id":60567,"date":"2025-04-20T04:00:04","date_gmt":"2025-04-20T04:00:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60567"},"modified":"2025-04-20T04:00:04","modified_gmt":"2025-04-20T04:00:04","slug":"bitcoin-faces-triple-resistance-as-price-rejection-persists","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60567","title":{"rendered":"Bitcoin Faces Triple Resistance As Price Rejection Persists"},"content":{"rendered":"

Over the past trading week, Bitcoin (BTC) failed to make any significant price breakout, experiencing rejections at the $86,000 price region. While the market suffered no major price pullback, the high level of sideways price movement indicates a strong investor uncertainty. <\/p>\n

Interestingly, popular market analyst with X username Daan Crypto has provided<\/a> an insightful technical analysis on the BTC market, highlighting the present barriers that are restricting an upward price movement.\n<\/p>\n

Bitcoin Multiple Barriers: 200-Day EMA, 200-Day MA, And Diagonal Trendline In Focus<\/strong><\/h2>\n

Since hitting a new all-time high in late January, Bitcoin has slipped into heavy correction, losing over 22% of its market price. The majority of the price loss has been linked to international trade tariff crises, which have forced investors to seek relief in less risky assets.<\/p>\n

However, a pause in new tariffs<\/a> and an onset in global negotiations soon accompanied a price rebound seen in early April. Albeit, Bitcoin is now struggling to break out of the $84,000-$86,000, forming a tight consolidation range.<\/p>\n

In performing a technical analysis on the current BTC market, Daan Crypto has identified the three resistance factors that have been active in the specified price zone.\u00a0<\/p>\n

The first price opposition is a diagonal downtrend line formed by Bitcoin\u2019s consistent lower lows and lower highs amidst the price correction in the past three months. To establish any intent of a trend reversal, Bitcoin bulls must force a convincing price breakout above this long-standing diagonal resistance.\u00a0<\/p>\n

Other critical indicators are the 200-day Exponential Moving Average (EMA)<\/a> and 200-day Simple Moving Average (MA), both of which provide an average of the past 200 days\u2019 prices, with the EMA giving more weight to recent prices.\u00a0<\/p>\n

The 200-day EMA is important in spotting medium-to-long-term trend changes as it reacts faster to any price change than the 200-day MA, which is a classic long-term indicator. However, Bitcoin must move above both indicators to break out of its consolidation and perhaps experience a full price recovery.\n<\/p>\n

Bitcoin Ultimate Resistance At $90,000-$91,000\u00a0<\/strong><\/h2>\n

Despite Bitcoin\u2019s struggles in the $84,000-$86,000 price zone, Daan Crypto has warned that the asset\u2019s ultimate test of a price reversal is at the $90,000-$91,000 price range, which served as a key support in the earlier phase of the bull cycle.<\/p>\n

A successful reclaim of this range would place Bitcoin back into the bullish trading zone, signaling a potential resumption of the broader bull market. At press time, BTC continues to trade at $84,868 following a 0.13% gain in the past day. Meanwhile, the daily trading volume is down by 42.34% and valued at $12.52 billion.<\/p>","protected":false},"excerpt":{"rendered":"

Over the past trading week, Bitcoin (BTC) failed to make any significant price breakout, experiencing rejections at the $86,000 price region. While the market suffered no major price pullback, the high level of sideways price movement indicates a strong investor uncertainty. Interestingly, popular market analyst with X username Daan Crypto has provided an insightful technical […]<\/p>\n","protected":false},"author":0,"featured_media":60568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60567","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\/60567"}],"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=60567"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60568"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}