Bitcoin (BTCUSD) Surges Higher as Bulls Take Firm Control of Momentum

BTCUSD surges higher as the bulls take firm control of momentum. Price action shows a clear breakout above previous resistance levels, particularly the $89,330 region. After consolidating within a tight range earlier in April, BTCUSD broke out decisively, filling the Fair Value Gap (FVG) around $85,760 to $85,660. A significant bullish engulfing pattern emerged from this zone, pushing the price sharply higher.

The market structure has shifted to higher highs and higher lows, another strong confirmation of bullish control. Support levels now rest at $85,010, with the current price trading around $95,490. The clear and clean breakout suggests that sellers are overwhelmed, and buyers are confident in pushing prices higher. Looking ahead, BTCUSD is well positioned for a continued bullish advance. The next major psychological resistance is seen around $100,000. Beyond that, targets at $108,390 and ultimately $115,000 could come into focus if the current momentum is sustained.

BTC Key Levels

Supply Levels: $100,000, $108,390, $115,000
Demand Levels: $85,010, $74,420, $66,780

What are the indicators saying?

The BTCUSD pair is displaying strong bullish momentum, as indicated by key technical indicators. The 9-day Simple Moving Average (SMA) currently sits around $89,330, offering dynamic support and confirming the strength of the uptrend. Price action is trading well above this moving average, reflecting buyers’ dominance.

Additionally, the Stochastic Oscillator is hovering around 96, suggesting overbought conditions. However, in strong bullish trends, such overbought readings can persist for extended periods without causing an immediate reversal. This supports the case for further upside, even though minor pullbacks may occur.

 

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