Bitcoin price has nearly doubled in price after the historic collapse that occurred in mid-March took the asset back to under $4,000 at the low.
The first-ever cryptocurrency has reclaimed a critically important level that in the past has acted as a launchpad for a record-breaking, over 40% rally in under 48 hours. Is Bitcoin price refueling its jets for another explosive rally, or will the cryptocurrency reject from the powerful support turned resistance?
Bitcoin Price Reaches Key Level Responsible For Previous Historic Rally
At the start of 2020, Bitcoin price rallied from under $7,000 to well over $10,000 before the coronavirus outbreak sent markets spiraling out of control.
Once fear took hold of markets, Bitcoin and the rest of the crypto market suffered catastrophic record-breaking losses, dropping over 50% in a single day in many cases.
Related Reading | Rough Week Ahead, Correlation With Stock Market Could Be Deadly for Bitcoin
Bitcoin price plummeted to a low of $3,800 thanks to a combination of cascading liquidations and panic selling driving the price of the leading cryptocurrency by market cap to prices not traded at since over a year prior.
But since the dust settled on the devastating drop, Bitcoin price has been on a tear, rallying through key resistance levels and up through $6,000 and now $7,000.
The cryptocurrency yesterday reached a high of $7,430 – a level that acted as a launchpad for a record-breaking rally in the past.
Bitcoin has reached $7430
This is the same price point from which Bitcoin rallied +40% in late October 2019 when the Chinese President publicly endorsed blockchain$BTC #Crypto #Bitcoin
— Rekt Capital (@rektcapital) April 7, 2020
Will The Record-Breaking China Pump Repeat? Or Has Support Turned Resistance?
Bitcoin price has revisited $7,450, the low set just ahead of the record-breaking “China pump.”
In October 2019, news broke that Chinese President Xi Jinping urged his citizens to stay on the forefront of blockchain technology that powers cryptocurrencies like Bitcoin, Ethereum, and others.
Many took this as a nod of support for Bitcoin and other cryptocurrencies, while others insist that the surge was due to whales seizing an opportunity to squeeze out shorts via a news-driven rally – a move that clearly worked.
Related Reading | Bitcoin Price Just Death Crossed, But Last Time Led To Historic China Pump
Whatever the case, Bitcoin price rallied from $7,430 to $10,500 in under 48 hours, setting a record for the third-largest single-day gain in the asset’s young history.
During that time, however, the level was acting as support, and not resistance, making a repeat of that powerful move less likely. The level could also act as similarly powerful resistance, causing a devastating move to the downside if Bitcoin price is rejected from the clearly critical level.
The first-ever cryptocurrency has a lot to prove in facing its first recession since its inception, and how it survives here could help the asset reach its full potential as a viable replacement for fiat currencies and the dollar.
Featured image from Shutterstock origin »
The price of Bitcoin began the new week on an exciting move to the upside. The premier cryptocurrency recorded a price ascent of about 9%, reaching a high of over $97,000 and falling just short of its past six-figure valuation.
Bitcoin Magazine
After A Snake-Like 2025, Is The Bitcoin Price Ready to Break Out In 2026?
The bitcoin price twisted and turned through a tough 2025 — but historical cycles, investor sentiment, and market signals suggest a stronger 2026 may be ahead.
Bitcoin price pulled back on Friday, moving from a high of $97,770 on Thursday to the current $95,650. This retreat happened as crypto investors reacted to the stalled progress on the CLARITY Act in the Senate.
Bitcoin’s price rallied above $95,000 during the last 24 hours, signalling a definitive shift in market structure rather than a simple volatility spike. According to CryptoSlate's data, the top crypto rose by more than 3% to reach a high of over $96,000, its highest price level since mid-November.
Bitcoin Magazine
Bitcoin Price Explodes Past $97,000 as Traders Set Sights on $100,000
The bitcoin price surged to an eight-week high this morning, reaching $97,700 at the time of writing.
Bitcoin price crossed above the $94,000 psychological resistance to top $95,000 with an intraday high of around $95,804, just shy of $96,000. BTC is up [...]
Bitcoin has been locked in a tight consolidation range since late November, frustrating traders and fueling growing speculation about a major move ahead. Volatility has compressed, price has stabilized near key psychological levels, and market participants are increasingly divided on what comes next.
Bitcoin is starting the year with strength, but not without turbulence. After briefly dipping below $92,000 yesterday, the BTC price quickly reclaimed that level and turned it back into short-term support.
Bitcoin had a strong start to 2026. The initial days were filled with supportive market actions such as stable price movements, good demand in the spot markets, and no indication of panic selling.
Bitcoin price surged into the new year, supported by renewed optimism and strong spot ETF inflows. The crypto king pushed higher despite geopolitical tension following the US strike on Venezuela.
The price of Bitcoin seems to be positioning for a renewed bullish phase following its positive start to the new year. The premier cryptocurrency closed 2025 with a range-bound price performance, recording no significant movement in the past month of December.
Bitcoin Magazine
Bitcoin Price Struggled in 2025, but Long-Term Lows Show a Strong and Rising Floor
The bitcoin price's 2025 price swung above $125,000 before falling to around $87,000, reflecting a shift from speculative rallies to macro-driven market forces.
Bitcoin Magazine
Bitcoin Price Struggles to Break $90,000 as One-Month Battle Continues
The bitcoin price continued to swing around the $90,000 level during thin holiday trading, rising and falling in sharp moves that lacked any volume needed for a sustained breakout.
The Bitcoin price rose to above $90,200 on Monday. Bulls failed to hold onto gains, and the price dropped to $86,717. Bulls are looking to strengthen as analysts point to continued. It’s been a difficult last few weeks of 2025 for crypto, and Bitcoin (BTC) showed that this will likely continue into early 2026 as […]
The post Bitcoin price consolidates near $87K as downside risk persist appeared first on CoinJournal.
Since the short squeeze in mid-December, Bitcoin has yet to make any significant price gain, facing multiple rejections at the $90,000 price zone. The maiden cryptocurrency is presently consolidating within the $87,000, while investors patiently anticipate a clear market direction.
Crypto chartist Ali Martinez has pointed out a potential downtrend on the Bitcoin price chart. According to him, the price of Bitcoin could dump to $40k based on a historical pattern. In other news, investors are jumping ship to DeepSnitch AI.
Bitcoin has continued to trend lower on the back of selling pressure building across the market. In fact, the world's largest cryptocurrency is now well off its all-time high of close to $126k, with BThe post Bitcoin - All about the liquidity signals that are hinting at a price recovery in 2026 appeared first on AMBCrypto.
Bitcoin Magazine
Bitcoin Price Struggles at $90,000 as Christmas Trading Looms
The bitcoin price briefly climbed above $90,000 after rising from $88,000 during Asian and European hours, before retreating toward $88,000 again during U.
Bitcoin price recently climbed above $90,000, hinting at a possible recovery, but there are still concerns that the rally may not last.
The post Bitcoin Price Reclaims $90,000, Is This Dead Cat Bounce? appeared first on Coinspeaker.
Bitcoin is trading around $88,000, well below its recent all-time high near $124,000. While price has stabilized after the sharp pullback, on-chain data suggests the market may not be out of the woods yet.
Although the Bitcoin price has recently displayed swift recovery to the upside, the broader picture still mirrors a bleak future for the flagship cryptocurrency. A new on-chain evaluation has surfaced, which suggests that Bitcoin’s recent price recovery could be happening within a broader, weak trend, with macroeconomic factors acting as the major influences.
Bitcoin Magazine
Bitcoin Price Crashes to $84,000 – Is $70,000 Next?
The bitcoin price experienced two more aggressive dumps today, now trading near $84,500.
This post Bitcoin Price Crashes to $84,000 – Is $70,000 Next? first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
As the market volatility heats up again, the price of Bitcoin witnessed a pullback, bringing it closer to the $90,000 threshold. While BTC’s price faces a pullback, key on-chain metrics are beginning to follow suit, reaching levels that could shape or determine the next trajectory of the market.
Bitcoin Magazine
Bitcoin Price Forecast Tools and Cycle Valuation Metrics
This One Chart Has Never Missed a Bitcoin Price Top or Bottom in 15 Years
This post Bitcoin Price Forecast Tools and Cycle Valuation Metrics first appeared on Bitcoin Magazine and is written by Matt Crosby.
Bitcoin Magazine
Bitcoin Price Fights For $90,000 Despite Fed Rate Cuts
The bitcoin price fell on Wednesday night into Thursday, falling from $94,000 to below $90,000.
This post Bitcoin Price Fights For $90,000 Despite Fed Rate Cuts first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin (BTC) is trading in a narrow range between $92,000 and $94,000, a zone that could dictate whether the cryptocurrency rallies toward $100,000 or retraces to around $90,000.
Bitcoin (BTC) is holding above the $95,000 level after a recent pullback from two-month highs, as U. S. regulatory uncertainty and softer risk sentiment weigh on the broader crypto market. Related Reading: Ethereum Treasury Bitmine Makes $200M Bet On MrBeast’s Company The pause follows the U.
X terminated developer access for InfoFi platforms that incentivized users to post crypto content for token rewards, citing AI-generated spam concerns.
The post X Bans InfoFi Apps as Kaito Sunsets Yaps, Pivots to Creator Platform appeared first on Coinspeaker.
Eric Adams has denied that he conducted a rug pull on NYC Token, which tumbled 80% on the day of launch.
The post Eric Adams Denies Rug Pull Claims Over NYC Token appeared first on Coinspeaker.
The cryptocurrency market is bullish in the last 24 hours, with Bitcoin hitting the $98k level while Ether and other major coins are in the green. However, HYPE, the native coin of the Hyperliquid DEX, has dropped below $25 after losing 3% of its value in the last 24 hours.
Visa, the global leader in digital payments, has partnered with stablecoin infrastructure provider BVNK to integrate stablecoin capabilities into Visa Direct, its real-time money movement network that handles $1.
