The price of Bitcoin (BTC) has risen by 1.44% in the past 24 hours. Despite recent gains, Bitcoin’s price remains bearish on the hourly chart.
Did the mid-term rally in Bitcoin (BTC) begin on Sunday, April 13, 2025? The price of Bitcoin (BTC) has risen by 1.44% in the past 24 hours.
Despite recent gains, Bitcoin’s price remains bearish on the hourly chart. If it breaks through local support levels, its accumulated energy could be enough to push it above $84,000.
In the long term, the price of this leading cryptocurrency is far from critical. If buyers want to regain the lost initiative, they need to restore the BTC rate above the $88,772 resistance level.
In this case, the accumulated energy could be enough to test the $90,000 area and above.
From a core perspective, traders should focus on the weekly closing price. If the closing price is around $88,000 and there is no long shadow, the upward trend may hit the $90,000-92,000 range.
At the time of writing, Bitcoin is trading at $84,496.
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