Bitcoin’s weekly chart is sending a strong bullish signal. Analysts pointed out that the key resistance level has been breached and the selling pressure from above is being gradually absorbed by the market. More importantly, whale position data and funding rates show that investor sentiment is shifting from caution to greed, which provides fuel for the continued rise in prices. Taken together, technical aspects, on-chain data and market sentiment rarely resonate, pointing to a greater possibility of hitting $80,000 in April.

The core logic of this potential rise lies in "supply tightening." As spot ETFs continue to accumulate funds and the halving event approaches, the number of circulating chips in the market is decreasing. Any new buying could push prices higher quickly. The current price consolidation is more like accumulating energy for the next main wave.

For retail investors, this means one thing: market volatility will be dramatically amplified. In a frenzied mood, do not blindly chase highs and be sure to set a stop loss. If the trend is established, a pullback is an opportunity. Whether you are planning to operate on Binance, OKX or Bybit, in the face of exciting market conditions, don’t forget to compare prices on CoinRebate first. Every handling fee you save may turn into additional profits for you.

Sign up for Binance and enjoy 20% fee discount →

This article was edited by CoinRebate AI, data source: CoinTelegraph

Technical alarm sounds! Bitcoin may hit $80,000 mark in April