- Bitcoin eyes a breakout above $85.3K as bulls challenge the EMA50, potentially driving price toward the $107K target zone.
- A triple bottom near $74K and sustained consolidation between $82K–$86K signal mounting pressure for a bullish breakout soon.
- Bitcoin’s current resistance test at the upper trendline marks a key moment that could shift market momentum sharply upward.
According to analyst captain Faibik, Bitcoin continues to test crucial resistance at the Daily EMA50, with bulls targeting a potential breakout beyond $85,300. As of April 19, 2025, Bitcoin trades at $84,364.45, showing recovery from last month’s sharp drop. This critical zone marks the top boundary of a descending channel that has shaped price movement since January. The next major resistance target stands at $92,000. Breaking through could spark a rally toward $107,404, the projected upper target. However, Bitcoin still faces heavy resistance along its downward trendline, aligning with a pink EMA line.
The descending channel formed after Bitcoin hit highs near $108,000 in early January. Since then, price action has respected two parallel declining trendlines. The upper line reflects rejection zones, while the lower one has held as dynamic support. Bitcoin briefly dropped to $74,000 in March before rebounding. This zone marked the third touch of the channel’s bottom, hinting at a possible triple bottom reversal. Such a structure often precedes bullish breakouts.
EMA50 Resistance Holds as Bulls Push Forward
The EMA50 has acted as a major resistance since February, hovering above price action during each failed breakout. Currently, Bitcoin sits just under this resistance at $85.3K. A clean daily close above this level could flip market momentum. Moreover, Bitcoin has consolidated in the $82K–$86K zone throughout April. This tight range has built pressure for a potential breakout.
Trading volume remains consistent but rises sharply during significant price moves. These volume spikes coincide with boundary tests of the descending channel. Several candle wicks show rejection near the channel edges, confirming active participation from both bulls and bears.
Triple Bottom and Breakout Potential Build Momentum
Besides EMA resistance, the triple bottom structure near $74K adds to bullish sentiment. Price bounced from this level three times since February. A breakout could ignite a new leg up toward the $107K zone. The green projection box on the chart reflects this bullish case.
Hence, Bitcoin’s current price structure suggests a pivotal moment. If bulls break above $85.3K and hold, upside potential strengthens rapidly. Momentum now depends on Bitcoin’s ability to reclaim dominance over the descending structure.
