Bitcoin hasn’t made any big moves lately. For about a week now, it’s been bouncing between $83,000 and $86,000, without really going up or down in a clear direction. A lot of investors are asking: are we still in a bull market, or is a bigger drop coming?
Crypto analyst Ali Martinez posted on X that Bitcoin might be gearing up for its next big move soon. And whether that move is up or down depends on how it behaves around these two key price points.
What Levels Matter Right Now?
According to Martinez, Bitcoin entered this current price range ($83K–$86K) around April 12. Since then, it has tried multiple times to break past $86,000—but each time, it’s been pushed back. Sellers are stepping in strong whenever the price gets too close to that mark.
A recent example was on April 16. Bitcoin climbed toward $86K again, but dropped soon after. That happened around the same time Federal Reserve Chair Jerome Powell suggested that interest rate cuts may take longer than expected. That kind of news usually makes crypto investors more cautious.
So what should we look for now?
- If Bitcoin goes above $86,000 and holds, it could kick off a new upward trend.
- If it drops below $83,000, it might fall further.
A Quick Look Back
Bitcoin hit a record high of $108,786 in January 2025. Since then, it’s fallen by over 22%. But that’s not unusual for Bitcoin—it’s done this before. In 2021, it dropped from around $69K to nearly $33K in less than a year. In 2017, it hit $20K and then crashed below $4K by the next year.
As of now, Bitcoin is sitting at about $84,530. That’s a tiny dip (down 0.3%) in the past 24 hours, but it’s still up just over 1% for the week.
