The post BTC Bull Run Isn’t Confirmed Until It Clears $88k Hurdle appeared on BitcoinEthereumNews.com.

Bitcoin breaks $84k resistance, showing technical action similar to past bull runs Key weekly signals (MA50 support, RSI >70) align strongly with prior cycle history Analysts now watch daily close above $88k as key confirmation for this pattern Bitcoin’s current cycle shows strong similarities to the structural resets seen in both 2017 and 2021. Key market indicators, like the relationship between Bitcoin and market volatility (BTC/VIX ratio) and the total crypto market capitalization on weekly charts, are showing alignments similar to those seen near previous important market shifts. These past major price adjustments acted as more than just downturns; they effectively reset the market before subsequent major upward trends began. The Bitcoin Script: How Past Crashes Historically Set Up New Highs Looking at the bigger picture, Bitcoin’s price history reveals a repeating multi-year structure. Typically, strong upward legs driven by widespread excitement eventually end in steep price drops (historically sometimes over 80%-85% from the peak).  Following these major drops, were the quieter periods where, dedicated long-term investors used to steadily keep buying, laying the groundwork for the next significant climb. Examples include the lows reached around $200 after 2013, near $3,000 after 2017, and around $16,000 following the 2021 peak. Related: Why Bitcoin Needs More Than Just LTHs Starting to Buy for a Real Rally The 2025 structure now shows a familiar rhythm: after topping above $100,000, Bitcoin dropped sharply to below $80,000, driven by macroeconomic stress and heightened geopolitical risks. Importantly, this pullback has brought prices into zones where significant buying emerged in past cycles, potentially preparing the ground for the next upward trend. Bitcoin Price Check: Can BTC Break Key Resistance to Confirm Pattern? Bitcoin is currently trading near $85,050, working its way back up from recent lows of $74,436. On the 4-hour chart, the price has pushed…

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Filed under: News - @ April 12, 2025 8:28 pm