BTC’s Last-Gasp Rally: Will It Smack the Market or Puff Away?

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Bitcoin sauntered up the street with the world’s grown-up numbers on Tuesday, while Mr. Trump whispered that the blasted war might wrap itself up in two, perhaps three weeks-as if it were a fancy ribbon. But lo and behold, both the S&P 500 and Bitcoin were perched on stubborn doorknobs of resistance, just waiting to see who shouts first: the bulls or the bears, with a sneeze of destiny in between.

Gigantic Bounce in the S&P 500, Yet a Grim Gate of Resistance Slams Shut

In the weekly spellbook, the S&P 500 shows a gleaming rounded top, as if it tiptoed to the edge of an eight-year chalk-painted channel, and then tumbled halfway down before a cheeky 3% jiggle on Tuesday. Now that the price has pricked the big resistance with its ear, can the bulls muster a heroic hop above it? The Stochastic RSI is perched like a curious parrot, ready for a bounce, and if the Middle East drama takes a turn for the better, maybe there will be a break back above. But beware, there’s a gloomy possibility of being rejected here and nudged back to test the mid-channel line as support or to the horizontal at 6,100.

Critical Resistances Met – Rejection Looks Naughtier than a Carnivorous Plant

Oh, the little BTC price is doing a jitterbug on the two-dimensional page. Against the Tuesday morning expectations, it wriggled back into the bull flag, danced through a sneaky descending line, popped above the neckline of that head-and-shoulders monster, and tiptoed to the grand $69K wall, where it has since been politely reprimanded.

Since then, the price has slunk back under that brittle neck of the head-and-shoulders, and may be in the act of being rejected again, turning this into a proper confirmation of the nasty pattern rather than a flimsy negation. The Stochastic RSI on the four-hour show that the crowd of momentum spent too long on the top shelf and may be about to tiptoe down the stairs.

How far can the bulls go?

The daily chart shows the fortress walls around BTC’s treasure. First, the great wall at $69,000. Then the nasty neckline of the head-and-shoulders beast, and last, the 50-day SMA piling on like an old grandma with a rolling pin.

If the bulls can push it through, the slippery bear-trend line will lie in wait like a hungry crocodile, and even then the bear flag will still be fluttering around the middle.

If news from the Middle East turns kinder this week, who knows how far the bulls can go? That said, as things stand, a rejection from the current level seems the most likely scoop for the day.

Mixed signals in weekly time frame

The weekly chart gives an intriguing view of the situation. Either the BTC price is going to break back above the $69K major resistance and through the bear market downtrend, or the bulls are going to fail here and the price will drop out of the bottom of the bear flag and head to the next big level to the downside.

The rest of this week really is crucial. $66K and the bottom of the bear flag have to hold. The Stochastic RSI is showing that the indicators do seem to be rolling over, while the RSI indicator is poking its head through the downtrend line. Every time previously that the downtrend broke, this led to a big upside rally.

These mixed signals add to the complexity of the decisions that retail, as well as institutional investors, might need to make. It has to be remembered that the bears are still in control. Will this still be the case at the end of this week?

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2026-04-01 13:28