Crypto News: Bitcoin Price Rebounds from $83,200 – Can Bulls Push BTC Toward $88,800?

After finding support at $83,200, Bitcoin is gradually rising again, and bulls are once again in charge, at least for the time being. Bitcoin is trading above the 100-hour Simple Moving Average and has recovered the $84,500 mark, suggesting that a bullish breakout is possible. However, the next move could determine the course of the following few days because of the strong resistance that is looming at $85,200 and $85,500. Will there be another decline before Bitcoin is ready to soar to $88,800?

Recovery Begins: Bitcoin Price Reclaims Key Support Zone

After facing a brief bearish spell that dragged Bitcoin price below $84,000, Bitcoin found solid ground at $83,200. The recovery started with a bounce, fueled by increased buyer interest and a break above the 50% Fibonacci retracement of the recent decline from $86,400 to $83,171.

BTC also pierced through a descending trendline at $84,650, flipping the structure into a more bullish setup. Now, with Bitcoin price action stabilizing above $84,500 and the 100-hour Simple Moving Average, traders are cautiously optimistic. Immediate resistance lies at $85,200, while stronger pressure builds around the $85,500 zone – a key level that must break for bullish momentum to pick up steam.

Breakout Ahead or Another Pullback? Is a Bitcoin Price Surge Coming Soon?

Is a Bitcoin price surge coming soon? Bitcoin’s hourly RSI is hovering above 50, and the MACD indicator is inching into bullish territory. These are promising signs, but not yet strong enough for full conviction. A clean move above $85,200 and then $85,500 could open the door to $86,500 – the level where the prior sell-off began.

Chart 1: BTC/USD chart, published on TradingView, April 18, 2025.

If bulls can conquer that, expect a run to $87,200, and possibly $88,800, which would mark a 6%+ upside from current levels. On the flip side, failure to breach resistance may bring another wave of selling. $84,500 is the key support, followed by $84,000 and $83,200. Bitcoin may drop below $82,500 or possibly retest $81,800, the key support that has previously sparked a market rebound, if it falls below $83,200.  

The recent price action shows BTC still holds buyers’ interest on dips, but exhaustion at resistance may trigger short-term bearish momentum if broader macro sentiment remains cautious.

What’s Next: Breakout Confirmation or Consolidation Phase?

The next 24 – 48 hours are crucial for Bitcoin’s short-term trajectory. If BTC breaks through $85,500 with volume, a swift move toward $88K becomes highly probable. On the other hand, consolidation or a rejection at that zone could lead to a cooling-off phase back toward $83K levels.

With Bitcoin still tethered to macroeconomic cues, including upcoming U.S. economic data releases, caution remains the theme. However, the structure is tilting toward bullish, especially if bulls can defend the $84,000–$83,200 zone.

What’s Next: Bitcoin Bulls Must Step Up – $85.5K Is the Level to Watch

Bitcoin’s recovery from $83,200 is promising, but not yet decisive. A break above $85,200 – and more importantly, $85,500 – would inject fresh bullish energy into the market. Until then, the possibility of a short-term dip remains on the table. BTC’s ability to hold above key support zones while gaining strength will be critical for confirming a sustained uptrend toward $88,800.

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