- Bitcoin faces critical resistance at $87K, a breakout may spark rally to $92K–$94K
- Strong buyer support exists near $82K, but repeated tests risk weakening the zone
- Whale’s $31.8M realized loss adds selling pressure, increasing short-term downside risk
Bitcoin’s price action continues to stir debate as it consolidates in a narrow trading range, showing signs of potential breakout while facing intense pressure at resistance levels. As of press time priced at $85,815, Bitcoin has climbed 7.98% over the past week, with analysts suggesting the cryptocurrency is approaching a critical turning point. While bulls remain hopeful for a rally to new all-time highs, short-term volatility and major resistance barriers are keeping the market cautious.
Crucial Resistance at $87K Remains a Major Hurdle
Michaël van de Poppe, a well-known market analyst, points out that Bitcoin is trapped in a final consolidation zone. The key resistance at $87,000 has proven to be a major ceiling. A break above this level could propel Bitcoin towards the $92,000–$94,000 range. However, the risk of a fake breakout lingers, with potential liquidation events likely if price surges without strong support.
Significantly, Bitcoin’s recent recovery from the $76,000 double-bottom and reclaiming of the higher low around $81,500 suggest underlying bullish strength. Momentum indicators like RSI are rebounding, and volume is increasing both positive signs for upward movement.
#Bitcoin is stuck in the final range.
— Michaël van de Poppe (@CryptoMichNL) April 15, 2025
Another test of $87K and we'll likely break upwards to the rally of a new ATH. pic.twitter.com/cA5E1Gedrq
$82K Support Zone Becomes Battle Ground for Bulls
Ali Martinez emphasized that $82,024 marks a vital support level. This zone holds historical importance, where 96,580 BTC were previously accumulated. This concentration signals strong buyer interest and reinforces the level as a foundation for bullish continuation. However, constant retesting could weaken this area, opening the door for deeper corrections.
The most critical support for #Bitcoin sits at $82,024, where 96,580 $BTC were previously accumulated. A level worth watching closely! pic.twitter.com/LJwGU9lsvc
— Ali (@ali_charts) April 14, 2025
Moreover, blockchain data from Lookonchain reveals that a whale has been unstaking and selling large amounts of Bitcoin. After purchasing 2,000 BTC at $98,896, this investor has since sold 1,200 BTC at $82,171 realizing a loss of $31.8 million. This selling pressure may add short-term downside risk, especially if more BTC is offloaded.
