Bitcoin’s Long-Term Uptrend Intact Above Key Support Level
- Analyst Cheds predicts Bitcoin’s uptrend remains if it stays above $78,500 to $81,000.
- Bitcoin has broken out of a bullish W pattern on the four-hour chart.
- The moving average (MA) 50 is identified as a support level for Bitcoin.
- Cheds notes a shift in equities markets contributing to confidence in Bitcoin’s trend.
- Bitcoin is currently trading at $85,301.
According to analyst Cheds, Bitcoin’s long-term uptrend is supported by maintaining its price above the $78,500 to $81,000 range and breaking out of a bullish W pattern. At present, Bitcoin trades at $85,301.
Source (2.6)https://dailyhodl.com/2025/04/13/crypto-analyst-says-bitcoin-back-in-business-calls-for-btc-uptrend-if-one-support-level-holds/?rand=59076
