Bitcoin targets $90K in the short-term amid warnings that support “isn’t secure”

BitcoinBTC() hit 3-day lows in the weekly closing of April 20, as analysts warned about a possible new liquidation grab.

Bitcoin crosses $83,000 in Analysis

The Data of Cointelegraph Markets Pro The following are some examples of how to get started: TradingView BTC/USD fell by 1.5%, to $83,974 the next day.

Bitcoin, which was still relatively less volatile on the weekend but had a tendency to reverse the previous week’s decline as there were doubts about the strength of the nearby support.

Mark Cullen is a well-known analyst and he has been a critic of the $83,000 amount when examining liquidity across order books.

“Bitcoin 90k liquidity still calling. BUT, i think the 83k level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,” He summarized On X. 

“THEN we wait for the reaction and bullish structure to build back inside the range low.”

Cullen, and other observers saw the short-term BTC range of $83,000 to $86,000 remain in place during Easter weekend.

📈#Bitcoin Range Bound‼️

You’re likely to see the long Easter weekend. $BTC Play out the range between 83k and 86,000. Considering that it has already surpassed the highest point of the range, late last weekend, IMO I expect to see a move towards liquidity at the lows.#Crypto #BTC https://t.co/iNllx4LexJ pic.twitter.com/6zx5gXZx79

— AlphaBTC (@mark_cullen) April 20, 2025

“Pretty slow market during this long weekend as expected. I think next week will get interesting as the charts are quite compressed. Any decent good/bad headline could spark a pretty large move I think. Even if its just from positions getting squeezed,” popular trader Daan Crypto Trades continued. 

“Generally those moves are not one you want to be fading when it occurs. $83K-$86K is the range to watch in the short term.”

A chart that accompanied the article showed the BTC’s price relative to CME Group Bitcoin futures. The graph could have been used as a basis for a potential new Bitcoin derivative. “gap” This could be a price magnet for a limited time.

Roman, a fellow trader, was also looking at what might become a return of multi-month lows in a pattern bullish reverse head and shoulders.

“If volume is decreasing on the way to 76k, I’ll take longs,” HE told X Followers

BTC breakout increases confidence

Rekt capital, a popular analyst and trader who updates readers daily on the chart, has good news.

Related: Bitcoin can reach $138K in 3 months as macro odds see BTC price upside

Bitcoin had, according to him, definitively bucked a downtrend that lasted for several months, without ever violating the trend during subsequent tests as support.

“Bitcoin hasn’t just broken the Downtrend and successfully retested it as support for the first time since Downtrend formation,” He wrote.

“But Bitcoin has also been able to sustainably maintain above the Downtrend for a period of several consecutive days now.”

The following are some of the ways to get in touch with us. Cointelegraph reportedIt was clear that the market had entered a downtrend, but not everyone agreed. left it behind for good.

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making any kind of a trading or investing decisions.