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Bitcoin (BTC<\/a>) tapped 3-day lows into the April 20 weekly close as analysis warned of a fresh liquidity grab next.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD dropping 1.5% to $83,974 on the day before rebounding.<\/p>\n Still broadly less volatile over the weekend, Bitcoin sought to stem the week\u2019s downside as doubts appeared over the strength of nearby support.<\/p>\n Investigating the current liquidity setup across exchange order books, popular analyst Mark Cullen was particularly skeptical of $83,000.<\/p>\n \u201cBitcoin 90k liquidity still calling. BUT, i think the 83k level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,\u201d he summarized<\/a> on X.\u00a0<\/p>\n \u201cTHEN we wait for the reaction and bullish structure to build back inside the range low.\u201d<\/p><\/blockquote>\n Cullen and others nonetheless saw a short-term BTC price range between $83,000 and $86,000 staying in place over the Easter holiday weekend.<\/p>\n \ud83d\udcc8#Bitcoin<\/a> Range Bound\u203c\ufe0f<\/p>\n The long easter weekend is likely yo see $BTC<\/a> play out a range between83k and 86k. With it al ready sweeping the highs of the range late last week, IMO we are going to see liquidity sought from the lows before continuation higher.#Crypto<\/a> #BTC<\/a> https:\/\/t.co\/iNllx4LexJ<\/a> pic.twitter.com\/6zx5gXZx79<\/a><\/p>\n \u2014 AlphaBTC (@mark_cullen) April 20, 2025<\/a><\/p><\/blockquote>\n \u201cPretty slow market during this long weekend as expected. I think next week will get interesting as the charts are quite compressed. Any decent good\/bad headline could spark a pretty large move I think. Even if its just from positions getting squeezed,\u201d popular trader Daan Crypto Trades continued<\/a>.\u00a0<\/p>\n \u201cGenerally those moves are not one you want to be fading when it occurs. $83K-$86K is the range to watch in the short term.\u201d<\/p><\/blockquote>\n An accompanying chart showed BTC price action relative to the latest closing point of CME Group\u2019s Bitcoin futures, potentially inviting the creation of a \u201cgap\u201d that could provide a short-term price magnet.<\/p>\n Fellow trader Roman meanwhile eyed what could become a return to multimonth lows as part of a bullish inverse head and shoulders reversal pattern.<\/p>\n \u201cIf volume is decreasing on the way to 76k, I\u2019ll take longs,\u201d he told<\/a> X followers.<\/p>\n Updating readers on the daily chart, popular trader and analyst Rekt Capital had good news.<\/p>\n Related: <\/strong><\/em>Bitcoin can reach $138K in 3 months as macro odds see BTC price upside<\/strong><\/em><\/a><\/p>\n Bitcoin, he confirmed, had definitively broken out of a multimonth downtrend without violating it during retests as support.<\/p>\n \u201cBitcoin hasn’t just broken the Downtrend and successfully retested it as support for the first time since Downtrend formation,\u201d he wrote<\/a>.<\/p>\n \u201cBut Bitcoin has also been able to sustainably maintain above the Downtrend for a period of several consecutive days now.\u201d<\/p><\/blockquote>\n As Cointelegraph reported<\/a>, the fate of the downtrend had been on the radar for weeks, with not everyone agreeing that price had left it behind for good<\/a>.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) tapped 3-day lows into the April 20 weekly close as analysis warned of a fresh liquidity grab next. BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView Analysis sees Bitcoin crossing $83,000 Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD dropping 1.5% to $83,974 on the day before rebounding. Still broadly less volatile over the weekend, […]<\/p>\n","protected":false},"author":1,"featured_media":282,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts\/281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=281"}],"version-history":[{"count":0,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/posts\/281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=\/wp\/v2\/media\/282"}],"wp:attachment":[{"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocoinnewslink.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Analysis sees Bitcoin crossing $83,000<\/h2>\n
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Confidence increases over BTC price breakout<\/h2>\n