Bitcoin is testing a key demand zone after breaking down from a symmetrical triangle, putting the market at a critical turning point. While buyers may attempt to defend this support and trigger a rebound, a failure to hold could open the door to further downside in the near term. Bearish Triangle Breakdown Sends Bitcoin Toward Key Liquidity Zone Minga highlighted that the market has experienced a bearish breakout from a symmetrical triangle pattern, and the price is trending toward the 50% wick fill region of the previous weekly candle, an area containing significant untested liquidity and a long limit order that was previously front-ran. While he expects this long position to be filled, the risk on this trade is minimal at 0.25%, effectively serving as a risk-free hedge against his existing short position. Related Reading: Bitcoin Trader Says Something Extremely Bad Is Coming Today, Here’s What Minga maintains a bullish bias for the remainder of the month, but he emphasizes that this outlook requires technical confirmation, specifically a bounce from the $60,700 level. Losing this key support likely invites further downside, bringing the $58,900 level into focus. Given that the daily trend is showing clear signs of exhaustion, Minga views the $60,700–$58,900 range as a high-probability zone for a potential recovery. However, the analyst cautions that exhaustion does not inherently guarantee a reversal. Market conditions can often result in a slow, grinding decline as the asset hunts for liquidity on both sides, leading to highly choppy price action. This behavior is historically common near major market turning points. Given that the market is potentially nearing a macro bottom, the possibility of a prolonged, choppy descent cannot be ignored. Should this scenario materialize and the current support zones fail to hold, Minga identifies the $54,500–$49,000 region as the next critical downside target. $60,800 Remains BTC’s Most Important Battleground According to analyst @wangtuai888, whose track record includes eight consecutive accurate trend predictions, the market is currently hovering at a decisive juncture. As long as the $60,800 support holds, the asset remains within an uptrend. However, should the price break and close a 1-hour solid candle below $60,800, which marks a critical Point of Control (POC) and a vacuum zone, the analyst anticipates a sharp, immediate decline. Related Reading: Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff If the $60,800 support holds, @wangtuai888 expects an initial rebound toward $62,400 to break the previous minor high and shift the local market structure. This would be followed by a pullback to the $61,800 POC, which the analyst identifies as a favorable entry point for long positions. The strategy then pivots toward a tactical shorting opportunity. The analyst intends to initiate a short position near the 63,000 level, noting that even if a stop-loss is triggered, the high reward-to-risk ratio makes this a worthwhile trade. Ultimately, the analyst emphasizes that this expected rebound should not be mistaken for a full market reversal. The broader direction remains firmly in a downtrend, and the ultimate price target for this bearish cycle is $55,500. Featured image from Pngtree, chart from Tradingview.com
Bitcoin’s latest push has run into a difficult stretch, with the price falling back under the $80,000 mark in the past 24 hours. This context gives more weight to a new quarterly chart analysis that places the most important levels much lower than the current price. According to the analyst, Bitcoin may continue to move sideways within the present quarter, but the structure of the quarterly candle makes the $65,000 region a major area to watch if the current resistance continues to hold. The Resistance Zone That Could Define This Quarter Technical analysis of Bitcoin price action on the 3-month candlestick chart shows important price levels for Bitcoin traders in this quarter. The analysis, which was posted on X by crypto analyst Minga, puts the most immediate observation on the $80,600 to $82,500 range. This is a band that, based on the quarterly chart, represents the ideal area for Bitcoin to find rejection in the current candle. Related Reading: The 3 Bitcoin Rules That Tell When The Bear Market Is Fully Over This zone is important because it sits near the upper boundary of the current quarterly structure and has already acted as a difficult area for bulls to reclaim. Bitcoin tested the 200-day SMA resistance around $82,500 early in the week, but buyers have so far failed to secure a strong breakout above the level. The outlook is that Bitcoin should ideally reject inside the $80,600 to $82,500 range. If Bitcoin cannot close above this region in this quarter, then it shows that the price action lacks the conviction required to push into price discovery on this particular cycle’s terms. On the other hand, if Bitcoin reclaims this area, then the quarterly candle will end up engulfing the previous quarterly candle, which is something that hasn’t happened during a bear market before. $65,000 Is Very Important The bearish side of the setup depends on Bitcoin continuing to reject from $80,600 to $82,500, but there are important support levels to watch when there is a rejection. The analyst identified Bitcoin’s quarterly open at around $68,200, and this level stands out as the first major support area below the current price action. A move back to the quarterly open would therefore place Bitcoin at an important decision point for the broader timeframe. Related Reading: Analyst Predicts Biggest Bitcoin Bull Trap Of The Cycle, Calls Out 50% Crash To $42,000 However, perhaps the most important line in the sand for this quarter is $65,000, and this is because there are untapped lows around that area on the lower timeframes. Bitcoin has yet to revisit these untapped lows, and therefore, $65,000 represents areas of likely liquidity. However, there is a strong possibility that Bitcoin holds the region as support and stages another upside bounce from there. At the time of writing, Bitcoin is trading at $79,820, down by 1.8% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
Bitcoin continues to trend higher, demonstrating resilience despite short-term volatility and pressure from resistance. Rather than displaying signs of heavy distribution or aggressive selling, the market has maintained a constructive structure with shallow pullbacks and consistent higher highs, reinforcing confidence in the broader bullish trend. Strong Stability Of Bitcoin Above Key Levels Bitcoin is demonstrating significant resilience, according to analyst Sykodelic, who notes a lack of massive sell-offs or hard rejections. Instead, the market is producing higher highs following only minor pullbacks. BTC has successfully cleared multiple key levels and is currently consolidating to build the strength necessary for its next major expansion. Related Reading: Top Analyst Confirms The Bearish Target: Bitcoin Could Ease Down To $40,000 A pivotal technical milestone has been reached, as Bitcoin has remained above the Bull market support band for ten consecutive days. This zone, which incorporates the true market mean and Short-Term Holder (STH) cost basis, is now beginning to trend upward. This shift suggests that the primary trend is strengthening and providing a solid floor for current price action. BTC recently secured a daily close above the 200D EMA, a level that typically causes hard rejections in weak market structures. Sykodelic highlights that rather than failing at this resistance, Bitcoin is coiling up for another attempt. The broader financial landscape has shifted into a risk-on environment, further supporting the bullish case for crypto assets. Bitcoin’s ability to repeatedly test and hold near the 200D EMA suggests that the path of least resistance is now to the upside. Given this structural strength, Sykodelic anticipates that the $85,000 level will be breached, potentially within the current week. Such a move would represent a definitive breakout from the current range and signal the start of a more aggressive rally. Lower Timeframe Price Action Remains Choppy And Unclear In a recent market update, analyst Minga noted that price action on the lower timeframes (LTF) is currently disordered, lacking the clean structure necessary for high-conviction trading. Following a rejection from the weekly open, the market’s bias leans bearish. However, for a sustained bearish continuation to materialize, the price must remain suppressed below the critical $82,100 resistance region. Related Reading: Bitcoin Open Interest Explodes Beyond 2025 All-Time High Levels On the downside, the $80,600 level has been identified as the primary local support zone. As long as the market successfully defends this floor, a potential recovery toward the $84,000 target remains a viable scenario. This creates a narrow range where the immediate trend is undecided, leaving the asset caught between a vital weekly resistance and a firm local support. Given the current lack of structural clarity, Minga suggests that the most prudent move is to remain patient for the market to provide more definitive confirmation regarding its directional intent for the remainder of the week. Featured image from Getty Images, chart from Tradingview.com
Bitcoin has faced strong rejection around the $76,000 resistance zone, signaling that bullish momentum is beginning to fade at higher levels. With selling pressure increasing and key support levels now in focus, the market is entering a critical phase where a breakdown could start to take shape if buyers fail to regain control. Rejection At $74,000–$76,000 Caps Bitcoin’s Momentum Bitcoin faced a firm rejection after pushing into the $74,000–$76,000 resistance zone, highlighting strong selling pressure at the top of the range. The inability to sustain momentum above this region suggests that bulls are struggling to take full control, leaving price vulnerable to short-term pullbacks. Related Reading: Why Every Bitcoin Macro Triangle Breakdown Has Led To A Retracement Phase According to analyst Kamile Uray, the $70,467 level on the 4-hour chart has now become a critical pivot point. As long as BTC continues to hold above this level, the structure remains supportive of further upside. If a breakout above resistance occurs with strong volume confirmation, Bitcoin could extend its rally toward the $79,000 level. Beyond that, $98,000 stands as the next major macro target to monitor. However, repeated rejection at resistance combined with a breakdown below $70,467 would weaken the structure and likely open the door for a move into the $68,000–$66,000 support region. On the daily timeframe, the $65,666 level remains a crucial foundation for the broader trend. Staying above it preserves the bullish outlook in the bigger picture, but a decisive close below this level would signal growing weakness. In that scenario, BTC could revisit support zones at $63,823, $62,433, and $60,000, with a daily close under $60,000 potentially confirming a more extended bearish phase. Bearish Engulfing Hints At Shift In Market Control In a recent BTC update on the 4-hour timeframe, analyst Minga revealed that the price is currently ranging above the previous weekly high on lower timeframes, indicating a period of consolidation after the recent upward push. While holding above this level suggests some underlying strength, the lack of follow-through highlights growing hesitation among buyers. Related Reading: Bitcoin Supply Map Reveals Key Support And Resistance Zones – Analyst On the 4H chart, Bitcoin pushed into the upper boundary of its rising channel but was met with a strong rejection. The move was followed by a bearish engulfing candle, a pattern that often signals a shift in momentum at key resistance zones. The first 4H candle of the new day attempted to reclaim upside momentum but ultimately closed as an inverted hammer. Such a formation typically reflects a potential continuation to the downside. Bears are gradually stepping in and building a stronger case for a pullback. A decisive break below the $73,700 level could accelerate the move toward the lower boundary of the rising wedge. If that structure breaks to the downside, Bitcoin could extend its decline toward the monthly open region around $65,000 over the coming weeks. Featured image from Getty Images, chart from Tradingview.com
Ethereum is tightening into a critical zone near the $2,000 level as price action continues to compress without clear direction. With volatility steadily declining and pressure building on both sides, the current structure suggests that a decisive move, either a breakout or breakdown, could be just around the corner. Momentum Fails To Build On Ethereum Ethereum is currently in a very different position compared to the broader market, as it has never experienced a strong, sustained rally. CyrilXBT noted that ETH briefly spiked to $2,400 in mid-March but has been trending downward ever since. The move failed to establish continuation, and the price has gradually weakened. Related Reading: Ethereum Price Drops to $2,100, Shaking Confidence Amid Volatility Currently, Ethereum is hovering around the 200 EMA, near $2,104, which provides a slightly constructive signal. Rather than breaking down aggressively, the price is compressing, suggesting that the market is building energy for a potential move. $1,800 remains the key level to watch, acting as critical macro support that has yet to be tested. The $2,300–$2,500 region continues to act as a major resistance zone, and any upside move lacking strong volume is likely to be dismissed as noise. A decisive daily close above $2,200 would be the first meaningful sign of strength. Until then, the outlook remains neutral, with close attention on the $2,000 level as the next important test if buyers lose control. Ethereum Trades Within High-Timeframe Range Boundaries According to Minga’s latest update, Ethereum is currently trading within a high-timeframe range, with the upper boundary defined by the 2021 all-time high and the lower boundary anchored at the 2022 bear market low. Thus, Minga suggests that the most effective approach is to trade level to level, respecting key zones rather than anticipating extended trends. Related Reading: Ethereum Price Recovery Picks Up, Is a Breakout Now Brewing? A closer look at the chart shows that ETH swept the 2021 ATH, faced rejection, and has been trending downward since. Along the way, ETH took out an untapped monthly low around $1,750, triggering a push back toward the $2,300 region, but momentum faded as price slipped back below $2,151. Currently, Ethereum is near the midpoint of this broader range, rejecting a significant historical level. The $2,151 zone stands out as a key bullish/bearish continuation level, having acted as both support and resistance in the past. Rejection from this area keeps downside pressure intact. However, a successful reclaim could open the path toward $2,395, where an untapped fair value gap remains. On the downside, the next major level to watch lies around $1,537, where weekly equal lows are positioned. While ETH may hit the level, it is not expected to mark the ultimate bottom. For a broader macro reversal, a sweep of the $1,384 low is anticipated, with a potential extension into the $1,190–$1,148 region, which stands as the primary target for a cycle bottom. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst Minga has predicted that the Bitcoin price could rally past $120,000 to a new all-time high (ATH) of $190,000 in the next bull cycle. The analyst also indicated that now is a good time to buy as BTC approaches a bottom. Analyst Gives Buy Signal as Bitcoin Price Approaches Bottom In an X post, Minga said that the Bitcoin price is approaching a macro bottom and that this is the phase of the cycle where every dip becomes an opportunity to buy and accumulate long-term holdings. The analyst opined that BTC may tap the $58,900 to $54,500 region at a minimum this cycle, and that this area has been a point of interest (POI) for spot buying. Related Reading: The Bitcoin Bleed Is Almost Over, But Will Price Reach $40,000 Before Bouncing? Minga revealed that he still expects a potential move down to $37,000 for the Bitcoin price in a max-pain scenario. However, he noted that the idea behind spot buying is not to go all in at once, but to build positions gradually over time. The analyst had also described a potential drop to $37,000 as a generational bottom, signaling that this is an area to go all in in preparation for the next bull cycle. Meanwhile, the analyst stated that he will be looking at $194,742 as a potential area to start taking profits and offload a significant portion of his spot holdings. A potential rally to $194,742 would mark a new all-time high (ATH) for the Bitcoin price, surpassing its current ATH of $126,000. Minga also noted that the plans to take profits at this level are just a plan and that his final decision will be based on how the Bitcoin price behaves when it reaches those levels. The Strategic Buy Zone For BTC In an X post, crypto analyst Ali Martinez revealed two primary accumulation zones based on historical 40%-50% resets in past bear markets that occur after the crossover between the 50 and 200 Simple Moving Averages (SMAs). The first target is $40,000, representing a standard 30% reset from current levels. Related Reading: Bitcoin Price At $59,000 Is The Line In The Sand, Here’s What You Should Know The second accumulation target is $30,000, representing a 50% decline from current Bitcoin price levels. Martinez stated that this setup has historically aligned with the last major downside before a generational macro bottom forms. The analyst noted that BTC has already seen a 52% correction and is currently 30 days into the 3-day SMA cross. As such, he remarked that if history rhymes, then BTC is likely entering the final accumulation window of this cycle within the next three to six days. At the time of writing, the Bitcoin price is trading at around $66,400, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com