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Doesn't have to happen, but don't be surprised if we get a pullback to the 85K area in the next couple of weeks $BTC

Pi Network continues to attract attention with its notable price momentum, showing strong signs of bullish activity. On April 23, the digital asset closed the day trading around $0.6693 , up by 5.36%. A significant spike in trading volume pushed total daily transactions to nearly $120 million. This sharp increase in volume reflects renewed investor interest and heightened market activity around the token. Moreover, its circulating supply currently stands at 6.94 billion PI, driving a market cap of approximately $4.64 billion. As the token inches closer to key resistance levels, many traders are eyeing the possibility of a breakout. The positive trading day began with PI finding solid support near its opening price of $0.6354. This level proved resilient, with the price rebounding quickly after minor consolidation. Subsequently, the $0.645 to $0.650 range emerged as a short-term support zone. These zones could serve as safety nets if prices face downward pressure in the coming sessions. Importantly, PI formed higher lows throughout the day, indicating consistent buying demand held firm during intraday pullbacks and confirming positive sentiment. The healthy correction near the day’s peak also suggests bulls may be preparing for another upward push, especially with rising volume supporting the moves. On the upside, the $0.670–$0.675 range has become a near-term resistance zone. The price touched this area and then slightly retreated. However, the lack of a sharp drop suggested buyers remained active. The key level to watch now is the April 23rd high near $0.689. A confirmed breakout above this point could trigger another leg higher towards subsequent resistance zones. The MACD shows a bullish crossover with the MACD line above the signal line. The histogram continues to grow positively, indicating momentum is firmly in the bulls’ hands. Additionally, RSI has been climbing steadily and now reads at 46.24. It has crossed above the moving average of 43.49, which signals a bullish divergence. While it remains below the 50-mark, the trend is clear: bulls are gradually gaining control. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitcoin’s (BTC) price surpassed $94,000, triggering strong market movement. At the time of writing, the cryptocurrency’s trading value stands at approximately $93,700. This week’s recent market surge is driven by factors, including institutional investor participation and short position liquidations. Strong market momentum in BTC has pushed prices to test key critical points, with a significant target area lying between $93,000 and $95,000. Bitcoin’s price has shown major changes in market sentiment through its recent price movement. The rally started on Tuesday when Bitcoin surpassed $90,000 before continuing its climb on Wednesday. Bitcoin reached and briefly surpassed $94,000 on Wednesday and stopped fluctuating above $93,000. The market’s recent price movement maintains an upward momentum that started strengthening at the beginning of the week. Bitcoin’s increasing adoption can be attributed to developments in global macroeconomic conditions. Reports suggest that de-escalating trade tensions between the United States and China would boost global market confidence. Related: Bitcoin Price Over $94K Sends Crypto Sentiment Gauge Firmly Into ‘Greed’ Moreover, President Trump’s statements about the leadership of the Federal Reserve have helped maintain a more optimistic sentiment. These developments have had ripple effects on investor sentiment, indicating that they favor assets with higher risk profiles, such as Bitcoin. In addition, the recent price surge caused a massive wave of short position liquidations, which further fueled Bitcoin’s ascent. During the rally, over $635 million in leveraged positions were closed out, mostly short positions. In these, $560 million in short contracts were liquidated, which indicates that traders who hadn’t expected Bitcoin’s rise were caught off guard. The liquidation of these positions created upward pressure, accelerating the price as traders were forced to cover their bets. There has also been strong institutional interest in Bitcoin , as inflows into U.S. Bitcoin exchange-traded funds (ETFs) have been positive. With net inflows of $936 million into these investments on Tuesday, they recorded the highest single-day inflows since January. The growing trend of institutional participation reaffirms institutions’ confidence in Bitcoin as an investment vehicle and its standing as the most dominant player in the market. Additionally, bitcoin dominance in the crypto market is rising, as evidenced by the market share. Bitcoin Dominance (BTC.D) is at 63.5%, its highest level since March 2021. The price surge and altcoin retreat support the argument that Bitcoin is again the main point of attention for investors. This could indicate increasing attention to using Bitcoin in uncertain times of global trade and geopolitical crisis. Related: Arthur Hayes Connects Dots Between US Fiscal Policy and $110K+ Bitcoin Target Based on current market projections, Bitcoin may strive to reach the $100,000 price point. According to analyst Michael van de Poppe, Bitcoin might surpass its all-time high before 2025 ends, provided its current trend continues. The cryptocurrency will encounter resistance after breaking into new territory as price levels between $92,000 and $94,000 become important resistance points. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

With these developments, the surface area of staking just got wider

$BTC Plans going forward We’re currently in a weekly bearish order block area It’s better to exercise caution here and not get overly bearish at resistance area Any sign of weakness here would be a good short trigger