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As the end of April approaches, some market observers suggest that Bitcoin (BTC) could be preparing to reclaim a crucial level in the coming days, potentially opening the door to another recovery rally next month.
Analyst Sjuul from AltCryptoGems said Bitcoin appears to have “found a new cage to be trapped in.” After breaking out of the $66,000–$74,000 consolidation range earlier this month, BTC has since traded between $74,000 and $80,000.
In Sjuul’s view, the current structure would be constructive for bulls if BTC consolidates above $74,000 and does not break down below that level.
Michaël van de Poppe said markets are “shaping up for more upside” while Bitcoin holds crucial levels, but noted that investors should still watch key price levels despite the bullish momentum.
According to the post, a decisive reclaim of $79,000 could open the gates toward the next resistance area between $85,000 and $88,000. If that zone is reached, the analysis suggests it could eventually set up a retest of the $100,000 psychological barrier.
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