Bitcoin’s upward momentum in April appears to be losing steam, as recent charts show mounting pressure on the cryptocurrency’s price. Although its 4-hour chart on Binance still maps out a rising channel, technical indicators suggest that the strength behind the move is beginning to fade. For traders and market watchers, these signals point to potential short-term risks ahead in the crypto market.
Support level tested as RSI signals caution
Since early April, the BTC/USDT pair has maintained an upward channel, achieving both higher peaks and higher lows. After consolidating around the 68,000 dollar mark at the start of the month, Bitcoin climbed steadily, reaching the 78,000–79,000 dollar range in the subsequent days.
According to analysis shared by Ted Pillows, the price’s upward movement comes as the Relative Strength Index, or RSI, flags a notable weakening. Lower highs in the RSI indicate buyers are losing momentum, even as the price sets new records, a scenario technical analysts label as bearish divergence—a pattern often preceding a short-term market correction.
Currently, the lower boundary of the rising channel serves as Bitcoin’s main support. As long as the price stays above this line, the short-term bullish setup remains intact. However, if support in the 77,000–78,000 dollar zone fails, a deeper correction could unfold, potentially pulling Bitcoin down first to 76,000 dollars and then toward 74,000 dollars.
On the other hand, should the price surpass its recent local high of 79,000 dollars, the market could regain bullish momentum. A move past that threshold would likely target the upper region of the channel, with the 80,000–81,000 dollar range emerging as the next key resistance zone.
“While Bitcoin’s structure still points upward, the divergence in the RSI demonstrates a weakening force behind the recent rally. For the April uptrend to continue, the price must either break out strongly or generate a clear reaction at the main support,” Ted Pillows stated in his analysis.
Liquidity map highlights 85,000 dollars as resistance
Another crucial signal comes from Bitcoin’s liquidity map. Analysis by Daan Crypto Trades, drawing on CoinGlass data, reveals a lack of notable resistance above current prices until nearly the 85,000 dollar level.
CoinGlass figures show that from the start of the year through April, Bitcoin rebounded from the 60,000–65,000 dollar range and climbed as high as 78,000–80,000 dollars. Just above current prices, the largest cluster of liquidity stands out clearly at 85,000 dollars—a potential magnet for price action and a significant resistance zone, mostly due to leveraged positions.
Beneath Bitcoin’s present price, smaller liquidity pockets have formed during the recent rally. Still, a much larger reservoir of liquidity sits near 65,000 dollars. This structure means the path upward to 85,000 dollars may encounter little resistance, while downside risks concentrate around the 65,000 dollar support area.
The described liquidity maps offer crucial insights into where Bitcoin could experience increased volatility and trading volume in the near term. However, these snapshots alone don’t guarantee direction; surges in leveraged positions could trigger rapid, unpredictable moves as market dynamics shift.
