Bitcoin prices appear to be stuck in the combined range, cutting through the $83,000 and $86,000 levels over the past week. With no clear direction for the best cryptocurrencies, investors are wondering what stage the market cycle is or bearish.
Bitcoin prices could be gearing up for the next big move over the coming weeks, according to popular Crypto analysts on social media platform X. In any case, here are important levels to keep in mind within a few days.
Important levels for monitoring the next BTC movement
In a post on the X platform on April 19th, Crypto analyst Ali Martinez highlighted the current layout of the world’s largest cryptocurrency by market capitalization, sharing an interesting analysis of Bitcoin prices. Online critics said the BTC Bears and Bulls are trapped in battle, leading to a choppy market state.
In particular, the best cryptocurrencies appear to have fallen into the $83,000-86,000 range on Saturday, April 12th. Therefore, Martinez’s analysis essentially revolves around the price of BTC, which bouncing support and resistance levels over an hourly time frame.
Source: @ali_charts on X
As shown in the chart above, Bitcoin prices have attempted many times over the past week to violate the $86,000 region-related zone of resistance. However, BTC prices could mostly go back to $83,000, so the Bulls’ optimism was met with the solid resilience of Bitcoin Bears.
Recently, flagship cryptocurrencies were moving towards the $86,000 level on Wednesday, April 16th, but failed to break the key zone of resistance after US Federal Reserve Chairman Jerome Powell suggested that crypto traders might not be able to cut earlier than expected.
In his post, Martinez pointed out that the next important move in Bitcoin prices depends primarily on the $83,000 and $86,000 levels. According to Crypto Pundit, a breakout over $86,000 could spell the start of Bitcoin’s bullish run, but a break below $83,000 could mean a further revision for market leaders.
Bitcoin price overview
After reaching an all-time high of $108,786 in January 2025, BTC prices have steadily declined over the past few months. According to Coingecko data, the flagship cryptocurrency has exceeded more than 22% of its value since reaching record prices.
At the time of writing, Bitcoin price was around $84,530, reflecting a 0.3% decline over the past 24 hours. Meanwhile, Bitcoin prices have risen by more than 1% over the weekly time frame.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
ISTOCK featured images, TradingView chart
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