- Bitcoin rebounded from a six-month low, surging past $85,000 after Trump tariff pause.
- Analysts eye breakout as BTC nears $87,250 200-day SMA, with $94,100 next target.
- Binance Taker Buy/Sell Ratio hit 1.79 on April 12, signaling strong bullish market activity.
Bitcoin has shown notable recovery after a difficult week, where it reached its lowest level in six months on April 9. This drop occurred during a volatile market stretch, but a policy shift by United States President Donald Trump offered temporary relief. The president announced a pause on trade tariffs for all countries except China, easing some of the broader economic concerns.
Following this announcement, Bitcoin regained momentum and moved above the $80,000 level. By Friday evening, the price had climbed past $83,000, indicating a return of strength in the market. Well-known market analyst Rekt Capital noted, “Bitcoin is on the cusp of a breakout.” At that time, Bitcoin was trading at $85,429 and approaching a downward trendline that has limited gains since January.
The current situation marks the sixth time that Bitcoin has tested this trendline since the beginning of 2025. Each of the previous five attempts failed, reinforcing the ongoing bearish pattern. Now, the market is once again testing that resistance, suggesting growing pressure and increasing signs of potential upward momentum.
Mere hours away from performing the initial but crucial steps towards fully confirming a breakout beyond the multi-month Downtrend,” Rekt noted.
According to Rekt Capital, if Bitcoin successfully breaks above this long-term downtrend, it may signal the beginning of a new upward phase. He identifies $78,508 as a key support level. Holding above this level while also closing above the trendline could be the trigger for further gains.
When BTC breaks a technical downtrend…$BTC enters a new technical uptrend,” Rekt stated.
Bitcoin Momentum Builds Toward $94K
Additional confirmation comes from Ali Martinez, another widely followed analyst. Martinez points out that Bitcoin recently moved above the 50-day Simple Moving Average (SMA), which is often considered a key medium-term indicator. The cryptocurrency is now heading toward the 200-day SMA, which is positioned at $87,250.
Martinez emphasized that if Bitcoin breaks above the 200-day SMA, the price may move toward the next target at $94,100. This would represent a gain of more than 10 percent from current levels.
A breakout above the 200-day SMA could open the door for a significant rally,” Martinez noted.
The chart also shows a rising pattern of higher lows, reinforcing signs of building bullish strength. As the price slices through major moving averages, momentum appears to be shifting. If BTC closes above $87,250 in the coming sessions, market sentiment may quickly turn more optimistic
Meanwhile, on April 12, the Taker Buy/Sell Ratio on Binance rose to 1.79, indicating strong buying activity. Martinez highlighted this development in a separate post, reflecting that the volume of buyers actively filling sell orders. Such a trend often indicates short-term strength in the market.
A big spike in buying pressure for Bitcoin just hit on Binance. Bulls might be stepping in,” Martinez noted.
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