{"id":3537,"date":"2025-03-26T18:00:38","date_gmt":"2025-03-26T18:00:38","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/analyst-says-bitcoin-btc-could-see-a-14-price-jump-if-this-level-is-reclaimed\/"},"modified":"2025-03-26T18:00:38","modified_gmt":"2025-03-26T18:00:38","slug":"analyst-says-bitcoin-btc-could-see-a-14-price-jump-if-this-level-is-reclaimed","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/analyst-says-bitcoin-btc-could-see-a-14-price-jump-if-this-level-is-reclaimed\/","title":{"rendered":"Analyst Says Bitcoin (BTC) Could See A 14% Price Jump If This Level Is Reclaimed"},"content":{"rendered":"

Bitcoin (BTC) climbed nearly 5% in the past week, reclaiming key support levels over the past three days. The recent bullish momentum has sent BTC toward the $88,000 mark, with some analysts suggesting a reclaim of its previous price range could be near.<\/p>\n

Bitcoin Recovery Could Trigger 14% Surge<\/h2>\n

After being rejected from the $84,000-$85,000 zone several times in the past two weeks, Bitcoin reclaimed this range over the weekend. The flagship crypto has surged 4.7% from last week\u2019s levels, closing the week above the $86,000 mark.<\/p>\n

During the start-of-week pump, BTC eyed the $89,000 resistance, hitting a biweekly high of $88,765, but failed to retest the next crucial zone as bullish momentum slowed. Nonetheless, the cryptocurrency has held its current range, hovering between the $86-000-$88,000 support zone for the past 24 hours.<\/p>\n

Analyst Alex Clary affirmed that Bitcoin\u2019s momentum \u201clooks awesome\u201d for a break above the $88,000-$90,000 support zone as the cryptocurrency shows a Relative Strength Index (RSI) bullish divergence, a V-shaped recovery, and has broken above its downtrend resistance.<\/p>\n

\"bitcoin\"<\/p>\n

Per the post, a breakout and reclaim of the crucial $90,000 resistance level could propel BTC to jump between 8 to 14% from current prices to the $95,000-$100,000 levels lost in February.<\/p>\n

Meanwhile, Daan Crypto Trades noted<\/a> that Bitcoin \u201chas not moved much in the past few weeks relative to SPX.\u201d According to the trader, BTC\u2019s price has been correlated to the S&P 500 (SPX) and \u201chas mostly been moving hand in hand with each other,\u201d which could explain the flagship crypto\u2019s recent dump and bounce.<\/p>\n

However, he affirmed<\/a> that Bitcoin is still trading \u201cat a solid spot premium during this bounce,\u201d suggesting that a move to new local highs is possible if BTC maintains the current levels and reclaims the post-US election breakout range above $90,000.<\/p>\n

BTC Must Hold This Level By Week\u2019s End<\/h2>\n

Amid Monday\u2019s market recovery, Analyst Rekt Capital warned that Bitcoin needs weekly closes above $88,400 and $93,500 to end its downside deviation period.<\/p>\n

The analyst explained that, over the past five weeks, BTC has been consolidating between the two biggest bull market Exponential Moving Averages (EMAs), the 21-week and 50-week EMAs.<\/p>\n

\"Bitcoin<\/p>\n

Its price action has recently gotten closer to the 21-week EMA, at around $88,400, ready \u201cfor a major trend decision.\u201d According to the analyst, Bitcoin needs a weekly close above this level and a retest into support to target its Macro Range.<\/p>\n

\u201cThis was the exact confirmation that Bitcoin needed back in mid-2021 when the price crashed -55%,\u201d Rekt Capital noted, suggesting that \u201cthings could get volatile both on the upside (trapping FOMO buyers in the upside wick) and the downside (with panic sellers selling into a downside wick),\u201d if history repeats.<\/p>\n

A weekly close above it \u201ccould kickstart an uptrend continuation towards the Re-Accumulation Range Low of $93,500.\u201d Moreover, after reclaiming the 21-week EMA, Bitcoin will need a weekly close above the re-accumulation range low to \u201cresynchronize with the Range.\u201d<\/p>\n

Despite this, he warned that \u201cthe Post-Halving Re-Accumulation Range has shown that simple Weekly Closes above $93,500 may not suffice\u201d as it would need \u201ca successful post-breakout retest of the Re-Accumulation Range Low\u201d to confirm resynchronization with the range.<\/p>\n

He concluded that failing to successfully retest and confirm the new support could cause BTC’s price to lose this crucial level and deviate to the downside again.<\/p>\n

\"bitcoin,<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) climbed nearly 5% in the past week, reclaiming key support levels over the past three days. The recent bullish momentum has sent BTC toward the $88,000 mark, with some analysts suggesting a reclaim of its previous price range could be near. Bitcoin Recovery Could Trigger 14% Surge After being rejected from the $84,000-$85,000…<\/p>\n","protected":false},"author":1,"featured_media":3538,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84],"tags":[36,158,85,2039,42,2040,43,72,699,708,449,261],"class_list":["post-3537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-price","tag-bitcoin-weekly-closes","tag-btc","tag-btc-spx-ratio","tag-btcusdt","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market-correction","tag-crypto-market-recovery","tag-crypto-trader"],"_links":{"self":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/3537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=3537"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/3537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/3538"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=3537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=3537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=3537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}