Ali Charts|4月 16, 2026 03:38
Bitcoin BTC is at a make-or-break point!
For the third time in six months, BTC is testing the 100-day simple moving average (SMA) as resistance.
• In October, Bitcoin got rejected, resulting in a 30% correction from $116,000 to $80,000.
• In January, Bitcoin also got rejected, leading to a 39% drop from $97,000 to $59,800.
Today: We are testing this exact level again.
A third rejection here would be a major structural failure. It could trigger a triple top effect, potentially sending Bitcoin back down to the yearly low at $59,800.
If BTC can finally clear this hurdle and close above the 100-day SMA, the ceiling comes off. A breakout here opens a direct path toward $80,000 – $84,000, confirming that the macro correction might be over.(Ali Charts)
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