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Bitcoin Surpassed Critical Resistance: Now All Eyes Are on These Price Levels! - Coin Bulletin
According to technical analysis data, Bitcoin is targeting the range of 90 thousand to 92 thousand dollars following the recent rise.
According to Omkar Godbole, a CoinDesk analyst and technical market expert, Bitcoin (BTC) has made a significant technical breakthrough by surpassing 87 thousand dollars after weeks of sideways movement. Following this movement, analysts believe that the BTC price could retest the previously strong support band of 90 thousand – 92 thousand dollars.
The price, which was stuck between 83 thousand – 86 thousand dollars during the past week, showed that the bull trend has regained strength by breaking out of this range upward on Monday morning. This breakout indicates that the recovery process of BTC, which had declined below 75 thousand dollars on April 7, is ongoing. Godbole reminds that these levels previously worked as a strong support zone between December 2024 – February 2025. However, this support was broken at the end of February, and the BTC price quickly dipped below 75 thousand dollars.
A strong signal above the 30-day average
The fact that Bitcoin's 30-day exponential moving average (EMA) has surpassed indicates that technically momentum has turned in the buying direction. Additionally, it is seen that the downward trend has ended on the hourly and daily charts. This supports the idea that the bullish scenario is gaining weight. On the other hand, if the BTC price falls back below 85 thousand dollars by the end of the day, this rising outlook may be temporary.