Bitcoin (BTC/USD) Market Poised For Strong Bullish Continuation Toward Key Resistance
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Bitcoin Price Prediction – April 17
BTCUSD market poised for strong bullish continuation toward key resistance. A successful breakout through the diagonal resistance is likely to trigger a massive rally for the continuation of the bullish trend.
The BTCUSD daily chart is showing signs of bullish momentum, supported by indicators. The 9-day Simple Moving Average (SMA) at approximately $82,550 is now acting as dynamic support, with current price action holding above it. The RSI (Relative Strength Index) has crossed above the 50 mark, currently at 50.80, indicating growing bullish strength and potential for upside continuation. Momentum appears to be shifting favorably for the bulls after a period of consolidation.
BTC/USD Market Key Levels:
Resistance Levels: $85,010, $100,000, $108,390
Support Levels: $74,420, $66,780, $53,500
BTC/USD – Daily Chart
The BTCUSD daily chart reveals an attempted breakout through the diagonal resistance.
BTCUSD recently broke above a descending trendline resistance, which had been capping price since the all-time high attempt earlier in 2025. This breakout came after forming a strong double-bottom pattern near the $76,550 level, with a false break below it followed by a swift recovery. The price also retested the breakout zone around the $80,000 region (highlighted in blue) and bounced, suggesting that area has turned into solid support. The recent bullish candles closing above the $82,550 SMA further strengthen the case for continuation.
What is the likely projection of BTCUSD?
Looking ahead, BTCUSD appears set for a move toward the $85,010 resistance. A successful daily close above this level could trigger a rally targeting the psychological $100,000 level. Should this bullish scenario play out, the price may extend further toward the $108,390 level, aligning with the previous high. As long as BTCUSD holds above $80,000, the bullish structure remains intact.
BTC/USD – Four-Hour Chart
BTCUSD remains bullish on the 4-hour chart, with price holding above the $80,000 level. The recent rejection from this area and the formation of higher lows suggest buyers are still in control.
Price is currently trading near $83,940, slightly below the 9-SMA at $84,470, which may act as immediate resistance. A breakout above $85,010 could trigger a strong rally toward $92,000 and potentially $100,000.
Bitcoin (BTC) Current Statistics
The current price: $83,920
Market Capitalization: $1,680,000,000,000
Trading Volume: $27,720,000,000
You can purchase Bitcoin here. Buy BTC
