Bitcoin (BTC) counts down the final days of April with a fresh attack on $80,000 as price teases key breakouts.
- Bitcoin sees its first weekly close above a key trend line since October 2025.
- Liquidity grabs ramp up as traders eye a potential support retest closer to $70,000.
- The Federal Reserve interest-rate decision and inflation data form macro volatility catalysts.
- Analysis sees the “end of capitulation” on Bitcoin as institutions shore up the market.
- US manufacturing data could allow BTC/USD to avoid a retest of its macro lows.
Bitcoin closes above 21-week trend line for the first time in six months
Bitcoin may have failed to tap $80,000 or even hold its latest gains, but the weekly close was still significant.
After a last-minute push higher, BTC/USD managed to close out the weekly candle just above a key trend line, data from TradingView confirms.
BTC/USD one-hour chart with 21-week EMA. Source: Cointelegraph/TradingView
This was its 21-week exponential moving average (EMA) — a resistance feature on the chart in place since October 2025. The last weekly close above it was when the pair traded at nearly $115,000.
As Cointelegraph reported, the 21-week EMA was already on the radar for trader and analyst Rekt Capital.
A weekly close above it, he argued last week, was a prerequisite for avoiding a support retest of $73,000.
“Unless BTC is able to reclaim the 21-week EMA as support… Then this EMA could indeed force BTC into a post-breakout retest of the top of the Double Bottom price broke out from last week,” he told X followers.
BTC/USD one-week chart. Source: Rekt Capital/X
The 21-week EMA currently forms the upper boundary of Bitcoin’s bull market support band, together with the 20-week simple moving average (SMA) at $76,550.
Similarly, it was in October last year that price completed a weekly close fully above the band’s two trend lines.
Last week, trader Daan Crypto Trades said that such an event “could confirm the end of this down trend and further relief bounce.”
BTC/USD one-week chart with bull market support band. Source: Cointelegraph/TradingView
Liquidity grabs drive low-time frame BTC price action
On short time frames, the BTC price landscape is offering traders mixed signals.
As overall strength persists despite geopolitical uncertainty, bulls continue to struggle with reclaiming key support lines.
“Some great momentum on $BTC lately, however there are some crucial levels to consider,” crypto trader Michaël van de Poppe commented in his latest analysis on X.
Van de Poppe said that price breaking through $79,000 opens up the path to levels up to $100,000, which will nonetheless “take time.”
“If there’s no clear breakout at $79K, it wouldn’t be surprising to expect some period of consolidation before there’s another test of the resistance,” he reasoned.
“In that case, there’s a level that I prefer to see hold: $73.5k+.”
BTC/USDT six-hour chart. Source: Michaël van de Poppe/X
Earlier, Cointelegraph reported on expectations of a fresh BTC price comedown and even new macro lows.
Van de Poppe added that such an outcome could occur should the $73,000 area fail.
Continuing, trader CrypNuevo suggested that liquidity grabs could bring about that trip to the lower end of the $70,000-$80,000 corridor.
After the weekly close, BTC/USD took out late shorts above $79,000 before rapidly heading downward, liquidating newly placed longs, data from CoinGlass shows.
BTC 24-hour liquidation heatmap. Source: CoinGlass
“Price could take the upside liquidations first in a range highs deviation, before going for the lower ones at $70k mid-range,” CrypNuevo predicted.
He added that both $70,000 and $80,000 had an “interesting amount” of potential liquidations to offer.
BTC liquidation heatmap. Source: CrypNuevo/X
Powell’s final Fed FOMC meeting brings stocks warning
With markets still unsure of the roadmap for the US-Iran war, risk appetite is nonetheless “returning,” analysis says.
This week has begun with the hope of further negotiations to end the conflict, this time thanks to an Iranian proposal.
Bitcoin appeared to find reason for relief on the news, hitting new multimonth highs before quickly retracing.
“Risk appetite continues to grow rapidly in this market,” trading resource The Kobeissi Letter wrote in an X response as BTC/USD neared $79,500.
Macro volatility is set to continue in the coming days, thanks also to US macroeconomic events.
Wednesday will see the Federal Reserve’s next decision on interest-rate changes, and markets will be watching Chair Jerome Powell’s press conference for cues when it comes to future policy.
Fed target rate expectations for Wednesday’s FOMC meeting (screenshot). Source: CME Group FedWatch Tool
The war has added new inflation risks for the US, and Thursday’s release of the Fed’s “preferred” inflation gauge should reflect its impact on the trend.
This week also marks the last Federal Open Market Committee (FOMC) meeting with Powell as Chair,…
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