From Cointelegraph
April 20, 2025 09:29 AM:

Bitcoin (BTC) hit 3-day lows heading into the April 20 weekly close, signaling a possible liquidity grab. Analysts predict BTC crossing $83,000 before dropping 1.5% to $83,974. With doubts on nearby support, the market remains less volatile over the weekend. Traders anticipate a short-term range between $83,000 and $86,000 over the Easter holiday weekend.

Analysts warn of potential price range between $83,000 and $86,000 as the market remains slow during the long weekend. Traders anticipate a significant move next week as positions get squeezed. BTC price action relative to CME Group’s Bitcoin futures could create a short-term price magnet. Some traders eye a return to multimonth lows for a bullish inverse head and shoulders reversal pattern.

Confidence grows as BTC definitively breaks out of a multimonth downtrend without violating it during retests as support. Traders observe sustained maintenance above the downtrend for several consecutive days. While debate continues over the fate of the downtrend, Bitcoin’s price breakout remains a hot topic among traders and analysts. This article does not offer investment advice, urging readers to conduct their own research before making decisions.

Read more at Cointelegraph: Bitcoin gets $90K short-term target amid warning support ‘isn’t safe’