Bitcoin Rebounds to $85,500 After 10% Weekly Rally, But On-Chain Data Signals Caution

The latest Bitcoin rebound has pushed the BTC price back above $84,000, recovering from this month’s dip to $74,000 and logging a solid 10% weekly gain. While this move has stirred optimism among investors, it hasn’t completely convinced analysts watching the current market trend. The big question on everyone’s mind: Is this the start of a proper comeback or just a short break in a more prolonged downturn?

Apparent Demand Shows a Glimmer of Recovery

New signals from on-chain data are starting to offer some insight. CryptoQuant contributor Kripto Mevsimi points to a recovery in Bitcoin’s “Apparent Demand” metric, especially the 30-day sum, which is climbing back from hostile territory. It’s a potentially bullish sign that buyers are slowly returning. Still, Mevsimi cautions that the recent rebound hasn’t fully confirmed a reversal, drawing comparisons to 2021, when similar signs fizzled out and the BTC price stagnated in a long consolidation phase.

Posted on X @CryptoQuant

Short-Term Selling Slows Down as BTC Price Eyes Breakout

Adding to the cautiously optimistic outlook is a steady decline in Bitcoin inflows from short-term holders on Binance. According to analyst Darkfost, these inflows have dropped from 17,000 BTC in November to around 9,000 BTC now. With less selling pressure, there’s potential for price stability. However, whether this marks the start of accumulation or just a pause is still unclear. As the Bitcoin rebound gains attention, eyes are on the charts to see if the BTC market trend is truly turning a corner.

Posted on X @CryptoQuant

BTC Price Action Analysis of April 15th, 2025

The 5-minute chart for the BTC price shows a shift from early volatility to a more defined upward move within an ascending channel. A sharp early rally pushed the RSI into overbought levels, followed by a swift correction that stabilized above $84,000. This support level held firm, with several bounce-backs from oversold RSI readings. MACD movements during this phase showed mixed signals, with alternating golden and death crosses suggesting hesitation in the BTC market trend. However, a series of higher lows hinted that bullish momentum was quietly building.

Chart 1, Analyzed by Alokkp0608, published on April 15th, 2025

As trading advanced, Bitcoin stayed within a narrowing rising channel, inching toward resistance at $85,400. RSI again entered the overbought zone before a brief pullback, indicating some exhaustion. Nonetheless, the latest golden cross in the MACD combined with the bounce that we just saw near $85,200 has confirmed there is new bullish momentum. We also note that a solid break above $85,200 suggests continued buying intensity. At the moment, the price of BTC is oscillating around $85,600 and $85,800, indicating yet more upside if this continues with momentum.

Conclusion: Bitcoin Rebound Looks Promising, But Not Guaranteed

Bitcoin’s recent rebound has definitely brought some optimism back into the market. On-chain data shows reduced short-term selling and improving demand, adding weight to the possibility of a sustained move. Technically, the breakout above $85,400 and firm support at $85,200 both point to a potentially bullish BTC market trend. Still, a short pullback wouldn’t be surprising with the RSI nearing overbought levels again. Traders should closely watch these levels for potential price swings as Bitcoin continues to react to macroeconomic factors and broader market trends.

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