Bitcoin's Crucial Test: Triple Breakout Confronts $93.5K Support Line

Key points:

Bitcoin ( BTC It has surpassed three significant resistance levels within a week, yet its most substantial recovery challenge persists.

Analysis According to information from various sources, including well-known trader and analyst Rekt Capital, the Bitcoin price is currently operating within a crucial zone for bullish trends.

Bitcoin surges past "triple resistance" level

According to Rekt Capital, Bitcoin's most recent weekly chart shows it has reclaimed an entire three levels of resistance.

Along with horizontal weekly resistance, BTC/USD surpassed a multiple-month downtrend as well. previously discussed by Cointelegraph , along with the 21-week exponential moving average (EMA).

"Last week, Bitcoin surpassed them all," Rekt Capital noted in a post on X along with an illustrative graph.

Bitcoin surpassed the Triple Resistance.

Another post Highlights how Bitcoin has moved past both the 21-week and 50-week EMAs, which typically provide support during bull markets.

"Rekt Capital noted that Bitcoin has replicated the pricing pattern seen in mid-2021, breaking out from the range defined by the two Bull Market EMAs," he explained.

The continued weakness in BTC prices remains a concern.

For others though, the true test of the present BTC price recovery can be found somewhere else.

Related: A 'near-term high' and an $88K retracement? Here are 5 key points for Bitcoin this week.

On April 28, in his newest YouTube video analysis, Keith Alan, who co-founded the trading resource Material Indicators, highlighted Bitcoin’s struggle to regain the 2025 yearly opening price.

Around $93,500 marks this critical point going ahead; however, a slight drop beneath it following the week’s closure has left Alan worried.

"It’s one of the factors leading me to believe we might experience increased downward volatility," he stated, even as he recognized the possible advantages of another support level test.

Alan mentioned that he wished the 21-week simple moving average (SMA) would remain intact, however, he noted that the price was in a "crucial area."

Open the Youtube video

The short-term BTC price is also influenced by $94,000 due to a significant cluster of buy orders present in the Binance futures order book.

The purchase liquidity was highlighted. uploaded on April 29 by tracking resources via CoinGlass.

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