- BTC bulls struggle to reclaim the daily EMA50.
- Analyst predicts sideways movement before another breakout attempt.
- Bitcoin should break past this resistance phase to reclaim higher prices.
The price of Bitcoin continues its struggle to regain its $90,000 and 6-digit price ranges. Presently, BTC bulls struggle to reclaim the daily EMA50, and a reputed silver-tongued analyst predicts a sideways movement between the golden line $78,000 and the resistance $85,500. When will Bitcoin find the strength and support to breakout towards much higher ATH prices this bull cycle?
BTC Bulls Struggle to Reclaim the Daily EMA50
As we can see from the post above, this analyst marks how Bitcoin (BTC) bulls are struggling to reclaim the daily EMA 50, which he places at the $85,300 price mark. He stresses that Bitcoin must break above it to regain bullish momentum. The crypto community watches eagerly and hope to see Bitcoin price break past this resistance level so it can reclaim its previous ATH and hit much higher targets.
Since November 2024, the price of BTC was expected to go much higher into the 6-digit price range. To add to the bullish expectations, Trump won the US Presidential election and promised to elevate crypto adoption. Thus, the price of BTC continued to grow. However, in Q1 2025, Trump announced the official US Strategic Bitcoin Reserve, which many thought would be a bullish sign for crypto.
Instead, one of the most bullish crypto analysts turned bearish and expected a FUD reaction to the announcement. Soon after, Bitcoin went into multiple correction phases to close various CME gaps. This coincided with the start of a tariff war, which led to further stock market liquidations and crypto market price drops. After the tariff came to a pause, both markets recovered, and the crypto market in particular turned bullish. So much so that the bearish analyst turned bullish once again.
Bitcoin to Continue in Sideways Movement
While the crypto community cannot figure out when exactly the bull market pump will arrive, they agree that it is a risk not to hold any crypto assets, rather than being cautious at this time. A volatile market is filled with opportunities, and it is crucial to be vigilant and flexible to make the best of this fast-changing space where bullish and bearish reversals happen in seconds.
As we can see from the post above, the same silver-tongued analyst who turned bullish again echoes the same sentiments of bulls failing to break out. He notes how BTC has rejected the breakout once again but does not see it as a bad sign. Instead, he says this is an opportunity to accumulate Bitcoin as it will remain in a sideways movement until a breakout arrives.
