"BTC has not closed above it since October 2025, and yesterday's rejection at $82,500 showed the level is still holding. So, a sustained close above $82,228 would signal that the broader downtrend is breaking, opening the path to $85,000."
"Then the big test comes at $100,000, which is the level where the recovery could either become a sustained uptrend or stall. The last time Bitcoin traded above $100,000 was October 2025, and the holders who also bought in the $90,000 to $110,000 range will likely sell. So, if Bitcoin manages to break above $100,000 decisively, the next major resistance is the all-time high at $126,000."
"By late February, the U.S. and Israel struck Iran, oil prices spiked to four-year highs, and BTC bottomed at $60,000. The Bitcoin price spent most of Q1 2026 trapped between $66,000 and $73,000 as a result. Then the first turning was April 6, when Axios reported that the U.S., Iran, and regional mediators were negotiating a 45-day ceasefire."
"When Iran and the U.S. confirmed the ceasefire two days later, oil prices tumbled 16% and BTC pushed above $71,000. BTC briefly tested the 200-day moving average at $82,228 before pulling back, and is currently holding above $81,000."
Bitcoin rose nearly 19% over 30 days, with market dominance reaching 61%. Bitcoin ETFs recorded steady institutional inflows as the price climbed. After a peak at $126,000 on October 6, 2025, Bitcoin fell 52% over seven months to a late-February low near $60,000 amid U.S.-Israel and Iran tensions and higher oil prices. In Q1 2026, Bitcoin traded mostly between $66,000 and $73,000. On April 6, ceasefire negotiations lifted Bitcoin from $66,000 to $69,000, and confirmation pushed it above $71,000. Bitcoin briefly tested the 200-day moving average near $82,228, then pulled back while holding above $81,000. A sustained close above $82,228 could open $85,000, while a decisive break above $100,000 could target the all-time high at $126,000.
Read at 24/7 Wall St.
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