CoinDesk
Apr 21, 2025
7 1

Bitcoin Breaks Out of Consolidation, Eyes $90,000-$92,000 Range

Bitcoin's recent price movement indicates a bullish trend. Key points include:

  • Bitcoin (BTC) broke past $87,000, moving out of a consolidation range between $83,000 and $86,000.
  • This breakout shifts focus to the $90,000-$92,000 range, previously a strong support zone.
  • The price recovery follows lows below $75,000 from April 7.
  • The bearish trendline from previous record highs has been invalidated, suggesting a shift in momentum.
  • BTC has surpassed its 30-day exponential moving average (EMA), reinforcing a bullish outlook.
  • The 200-day simple moving average (SMA) is at $88,245.
  • The bullish trend may be at risk if prices fall back to $85,000 by the day's end (UTC).

BTC's hourly and daily charts. (TradingView/CoinDesk)