BTC don collect $81K back; 200SMA test for $83K–$85K and $100K outlook
Bitcoin (BTC) don regain di $81,000 area as traders dey test whether di recent rebound channel fit hold. After e bounce from di 100-day moving average near $72,000, BTC need confirmation via daily close back above $80,000.
Di main hurdle na di 200-day moving average for di $83,000 to $85,000 zone. If e break clean and hold there e fit extend di move toward $89,000 and $94,000, wit di $100,000 area as di next big psychological target. Di bearish risk na rejection: if BTC slide back under $81,000, focus fit shift to demand zones around $75,000 and $73,000, while $72,000 still remain di key "line in di sand" for pullbacks.
Momentum and flows dey improve. Weekly MACD reportedly do bullish-crossover on April 13, and BTC don up roughly 15% since den. On-chain, Miner Position Index (MPI) don recover from February lows but e still below zero, wey mean less miner-driven overhead selling; traders go watch make MPI dey rise toward higher levels (around 0.5) wey fit show stronger miner sell pressure. Realized profits also rise to about $207.56M after BTC move above $80,000, supporting di idea say supply dey get absorbed.
Trading takeaway: BTC near-term setup dey constructive, but price action around di $83K–$85K (200SMA) go likely drive volatility and decide whether di $100,000 thesis still intact for BTC.
Bullish
Both reports dey frame BTC setup as constructive: e don reclaim di $81K area after e hold di 100-day MA near $72K and momentum don improve via a bullish weekly MACD crossover. Di key upside catalyst na if e fit hold above $83K–$85K (di 200-day moving average). On-chain signals (MPI dey recover but still below zero) and higher realized profits show say overhead supply dey get absorbed rather than dem dey distribute am aggressively. But di same data still dey warn about near-term volatility: if e fail maintain above $81K or dem reject am around di 200SMA e fit send BTC back toward $75K/$73K and eventually test $72K. Overall, di probability-weighted impact on BTC price dey lean bullish, with risk concentrated for di resistance band and need for confirmation (daily/weekly closes).