Bitcoin (BTC) prices failed to attempt to violate resistance for $ 86,000 on April 16.
Since April 9, BTC Price has formed a daily candle between $ 75,000 and $ 86,400, but could not produce more than $ 86,000.
Many analysts and traders ask, “Where are the price of Bitcoin next?” The asset is trapped in a rigid range in the low time frame (LTF) of the four -hour chart.
88% chance interest rates have not changed
PolyMarket Bettors is likely to maintain the current interest rate between 4.25%to 4.50%, and the probability of 0.25%is only 10%.
But the belief in the general market is that all weak price behaviors of unchanged interest rates are already priced.
On April 16, Jerome Powell, the US Federal Reserve Bank, said the Fed is not in a hurry to cut interest rates. In Chicago, he emphasized the “waiting” approach that required more economic data before adjusting the policy.
Powell emphasizes Trump’s risks of tariffs, which can slow inflation and growth, and can create a “challenging scenario” of the Fed’s double command for the Fed’s stable price and maximum employment.
PoWell said, “The level of tariffs announced so far is much greater than expected.”
“Economic impacts are also likely to be the same, which will increase inflation and slow growth.”
He emphasized that it maintains a limited policy to prevent inflation, and proposed an immediate rate cut despite market volatility and tariff uncertainty.
relevant: Bitcoin Gold Copycat Move can reach $ 15 million in May $ 15 million in May.
As a result, President Trump threatened Powell with dismissal, saying, “It is always too late and wrong and the report on April 16 is a typical” confusion. “
“Powell can not come quickly!”
PolyMarket, on the other hand, has a 46% chance that Bitcoin’s price is $ 90,000 on April 30, with less than 5% of $ 110,000.
You can see the price level of core bitcoin
Bitcoin should support the highest at $ 90,000, supporting a $ 86,000 resistance level.
To do this, the BTC/USD must first recover its position against the 200 -day index moving average of $ 87,740. This trend was lost on March 9 for the first time since August 2024.
There is a major supply area that extends to $ 91.240 with a 100 -day SMA. Bulls will also have to overcome this barrier to increase the possibility of BTC’s execution to $ 100,000.
On the contrary, the bear will try to maintain a $ 86,000 resistance, increasing the new lowest possibilities of less than $ 80,000. The main interests are between $ 76,000, and the previous range is $ 74,000, that is, from March 2024, the highest level.
Under it, the next move will be the price of $ 67,817 on the US election day, eradicating all profits from the so -called Trump Pump.
Onchain analyst James Check points out that the true floor of Bitcoin is in the “true market average” (based on the average cost of active investors).
In an interview with TFTC podcasts, “The $ 75,000 area is an area that the bull wants to defend.
“If not, the next step is to return to the chop integrated range, find out how deep we go, and the flag of the sand is $ 65,000.”
Interestingly, this price is closely related to the strategic cost of Michael Saylor, which is about $ 67,500.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.