HomePrice PredictionsBTCBitcoin Eyes $82K to $84K Gap After Sharp Rebound!

Bitcoin Eyes $82K to $84K Gap After Sharp Rebound!

Date:

Bitcoin Technical Analysis: 8 APR 2025

BTC Technical Analysis

Unfilled CME gap on Bitcoin. Source: TradingView

General View 

Despite weak market conditions and heavy pressure, Bitcoin sellers were unable to break below the crucial $77,000 to $78,000 support range. This failure sparked a sharp intra-day short squeeze, allowing BTC to bounce swiftly off the lows. The reaction highlights the significance of this demand zone, where buyers continue to step up aggressively. However, the structure remains fragile, as bulls are still not out of the woods. Expecting price to remain in a tug-of-war between bears pushing for the breakdown while bulls trying to build a base above the current supports.

On The Upside

Bitcoin has shown signs of early strength after dipping into key support, but the real challenge lies ahead. Bulls faces layered resistances starting from $79,950 levels. It will be a major challenge for the bulls to climb above this hard resistance to gain any sustainable upside into $81,800, followed by the CME level at $83,850.

On The Downside 

Support at $77,000 to $78,000 has held for now, but it remains vulnerable to renewed selling pressure. If this range breaks down decisively, Bitcoin could fall toward the next key support near $73,000, which was previously avoided despite intra-day price breakdown.

BTC Technical Analysis

Bitcoin’s important supports held once again! Source: TradingView

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Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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