CoinMarketCap<\/a><\/p>\nVan de Poppe noted that despite nearing overbought territory, the market may remain bullish if Bitcoin consolidates above $88,000.<\/p>\n
A sustained rally past $90,000 could open up a move towards new highs, while failure to maintain support around $80,000 could send prices lower.<\/p>\n
Bitcoins Analyst warns of pullback to $76,604 if support fails<\/h2>\n
Technical indicators show that Bitcoin\u2019s RSI is approaching critical levels, suggesting a temporary correction could occur.<\/p>\n
Still, many traders are watching the $90,000 resistance level as the next major milestone.<\/p>\n
If Bitcoin manages to flip $90,000 into support, it could mark a psychological and technical breakthrough.<\/p>\n
Historically, this kind of pattern has led to rapid price discovery.<\/p>\n
However, if momentum fades, the cryptocurrency may struggle to hold onto gains and revisit lower support zones.<\/p>\n
Van de Poppe outlined that a correction to $76,604 would still be within healthy limits and could act as a springboard for a future rally.<\/p>\n
The price level was previously a key support and remains one to watch in the near term.<\/p>\n
Macro trends could support the Bitcoin push<\/h2>\n
On the macroeconomic front, van de Poppe hinted at the potential impact of global events.<\/p>\n
In particular, signs of de-escalation between the US and China could reduce market anxiety, prompting increased risk appetite among investors.<\/p>\n
Geopolitical calm, combined with institutional accumulation and favourable regulatory signals, may set the stage for Bitcoin to finally break through its upper resistance.<\/p>\n
However, short-term volatility should not be ruled out, especially as the asset hovers near historically reactive zones.<\/p>\n
As of 14 April, Bitcoin is trading just above $88,606.<\/p>\n
All eyes are now on whether the world\u2019s largest cryptocurrency can consolidate its gains and surge through $90,000 in the coming sessions.<\/p>\n
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Diya Poddar Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Key resistance zone flagged between $86,549 and $88,244. MicroStrategy buys 6,556 BTC worth $555.8 million. $90,000 is seen as a psychological and technical barrier. Bitcoin has surged back to near $89,000, inching closer to its all-time high and setting the stage for what could be a significant breakout. According to crypto analyst Michael van de<\/p>\n","protected":false},"author":1,"featured_media":850692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4166,654],"tags":[11476],"class_list":{"0":"post-850691","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nears","8":"category-resistance","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/850691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=850691"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/850691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/850692"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=850691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=850691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=850691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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