Bitcoin in 'critical zone' as triple breakout meets $93.5K support battle
*Key points:*
· Bitcoin has beaten out three key resistance levels in a single weekly candle.
· The weekly close defended the 2025 yearly open, but a subsequent dip below it is making analysis question the strength of the BTC price breakout.
· BTC/USD remains in a “critical zone” pending fresh support confirmations.
Bitcoin (BTC) has broken through three key resistance levels in a week, but its biggest reclaim battle continues.
Analysis from sources including popular trader and analyst Rekt Capital underscores BTC price acting in a critical area for bulls.
*Bitcoin breaks through “triple resistance”*
Bitcoin’s latest weekly candle saw a reclaim of a full three resistance lines, Rekt Capital reveals.
In addition to horizontal weekly resistance, BTC/USD broke beyond a multimonth downtrend previously discussed by Cointelegraph, as well as the 21-week exponential moving average (EMA).
“Bitcoin broke them all last week,” Rekt Capital commented in a post on X while uploading an illustrative chart.
“Bitcoin broke the Triple Resistance.”
BTC/USD 1-week chart with 21, 50 EMA. Source: Rekt Capital/X
Another post highlights Bitcoin leaving both the 21-week and 50-week EMAs behind, with these traditionally offering bull market support.
“Bitcoin has repeated mid-2021 price history with a breakout from its range formed by the two Bull Market EMAs,” Rekt Capital summarized.
BTC/USD 1-week chart with 21, 50 EMA comparison. Source: Rekt Capital/X
*BTC price weakness worries linger*
For some, however, the real test for the current BTC price rebound lies elsewhere.
*Related: **A 'local top' and $88K retest? 5 things to know in Bitcoin this week*
In his latest YouTube video analysis on April 28, Keith Alan, co-founder of trading resource Material Indicators, drew attention to Bitcoin’s ongoing battle to reclaim the 2025 yearly open.
At around $93,500, this level forms the key focus moving forward, with a brief dip below it after the weekly close leaving Alan concerned.
“It’s one of the reasons why I think we could see more downside volatility,” he said while acknowledging the potential benefits of a fresh support retest.
Alan added that he hoped the 21-week simple moving average (SMA) would hold, but that price was in a “critical zone.”
Short-term BTC price magnets also include $94,000 thanks to a wall of bids in place on the Binance futures order book.
The buy liquidity was flagged and uploaded to X by monitoring resource CoinGlass on April 29.
Binance Bitcoin futures liquidity data. Source: CoinGlass/X
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.