Bitcoin’s price is reaching a pivotal moment as it coils within a tightening triangle pattern that could soon resolve in a dramatic breakout. The ongoing consolidation around $80,000 to $85,000 is part of a classic technical setup that can cause strong directional moves in the market.

Notably, this triangle pattern was shared in an analysis on social media platform X by crypto analyst Ali Martinez, where he advised traders to keep a close eye on Bitcoin’s next breakout move.

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The current pattern hints at a possible 15% swing in either direction, and with Bitcoin now hovering around $83,000, the stakes are high. 

Triangle Pattern Forms As Bitcoin Compresses Between Lower Highs, Higher Lows

Martinez’s highlight of a triangle formation examines Bitcoin’s price action since March 7, when it briefly crashed from $91,000 until it broke below $80,000. The ensuing recovery above $80,000 eventually led to the Bitcoin price creating a lower high at $87,000 before correcting again.

Since then, Bitcoin’s price action has been highlighted by the formation of lower highs, higher lows, and an increasingly tightening range, all of which are classic parts of a triangle pattern formation. 

Bitcoin is currently trading right in the heart of this tightening range. The 4-hour timeframe chart shows the upper trendline of the triangle, which caps the price at nearly $86,000, while the lower trendline provides support at around $82,000. These levels have effectively boxed in Bitcoin’s price over the past few weeks, and any clean breakout beyond these boundaries could define the cryptocurrency’s direction in the near term.

Image From X: @ali_charts

Analyst Predicts 15% Move, Warns Traders To Watch Closely

Martinez’s analysis points to a significant price shift once Bitcoin breaks out of the triangle. “#Bitcoin $BTC is consolidating within a triangle pattern, setting the stage for a potential 15% move. Watch closely for a breakout!” he wrote on X. The warning carries weight, especially for short-term traders and those managing leveraged positions.

If Bitcoin breaks above the $86,000 resistance line, it could spark a rally toward $90,000 or higher and usher in a renewed wave of bullish momentum. On the other side, a break below the $82,000 support could lead to a quick drop toward the $70,000 level, a scenario that would deal a harsh blow to bullish market sentiment and delay the hopes for predictions of new all-time highs.

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Although a downward move to $70,000 would be brutal, its possibility cannot be ruled out, with the bull score currently at a low level of 10. Most investors are positioning for a bullish outcome and a return above $100,000, but analysis of buy zones shows that Bitcoin must break past $85,470 and $92,950 convincingly before this can happen.

At the time of writing, Bitcoin was trading at $83,070.

Featured image from Fortune, chart from TradingView

Bitcoin price dropped sharply over the weekend, declining 7% to a 25-day low amid rising trade tensions and fading market liquidity.

Bitcoin trades $80,000 first time in 25-days as Trade Tensions worsen

Bitcoin price fell sharply over the weekend, declining 7% to hit a 25-day low of $79,000 on Sunday, April 6. This marks the first time BTC has traded below the $80,000 level in 25 days dating back March 11,

After showing initial resilience last week, BTC has now surrendered gains made in late week

Amid escalating global trade tensions, bearish sentiment caught up with Bitcoin (BTC) markets over the weekend. TradingView data shows that BTC price traded as low as $78,964 according to CoinMarketCap, marking 7% losses from last week’s peak of $86,000 recorded when China’s reciprocal tariffs prompted investors to rotate capital into crypto markets on Thursday.

Crypto market liquidations cross $580M as bears exploit slow weekend demand

After China’s initially announced retaliatory 34% tariff on US imports, Bitcoin surged above $85,000 on  Thursday, briefly lifting prominent altcoins like Ripple (XRP), Solana (SOL), and Ethereum (ETH) to gains exceeding 5% in 24 hours.

This spike hinted at a temporary decoupling of crypto from the broader U.S. stock market, as risk-averse investors rotated capital into cryptocurrencies to hedge against escalating trade tensions.

However, as U.S. markets closed on Friday, the momentum faded. Liquidity dried up across major exchanges, creating an opening for bearish traders to seize control.

Within 48 hours, Bitcoin shed more than 7%, triggering cascading losses across the crypto landscape. The sudden shift highlights how thin weekend trading volumes can leave markets vulnerable to aggressive short-side pressure.

Validating this stance, derivatives data at press time on April 6, shows that crypto traders have racked up considerable liquidation losses in the last 24 hours,

According to Coinglass data, over $597 million in leveraged positions were liquidated in the past 24 hours alone—affecting more than 205,000 traders. Bitcoin led the wipeout with $203.78 million in liquidations, followed by Ethereum at $164.72 million.

Notably, the majority of these losses—$514 million—came from long positions, suggesting that bullish traders were caught off guard by the sharp BTC price reversal. 

Beyond that, the liquidation heatmap shows how altcoins such as Solana ($29.35M), XRP ($13.65M), and Dogecoin ($12.97M) were also heavily affected, as panic spilled over from Bitcoin’s price correction to 25-day lows. 

This sweeping liquidation event has not only erased a large portion of the recent gains but has also shaken investor confidence ahead of the new trading week.

Bitcoin Price Forecast: BTC Eyes $76K as Bears Break Technical Support

Bitcoin price forecast remains tilted to the downside after BTC decisively broke below key support near $80,700, marked by the VWAP.

The daily candle posted a 6.33% drop, closing below the 50-day SMA ($84,068) and 200-day EMA ($82,828), both of which acted as prior support zones.

This signals a structural breakdown, with bearish momentum accelerating as weekend volatility triggered liquidations across $597 million in positions.

Volume spiked to 26.04K on April 6, confirming strong sell-side conviction. Meanwhile, the MACD histogram has turned deeply negative, with the signal line sharply diverging from the MACD line—both indicating an intensifying bearish crossover. This pattern has historically preceded deeper retracements, especially when volume confirms directional bias, as it does here.

Despite this, bulls may argue that BTC remains in a long-term uptrend and sits just above March’s intraday low of $78,694.

A sustained defence of this zone could invite dip-buying, especially if macro sentiment improves post-Monday’s market open. However, should BTC fail to reclaim $80,700 swiftly, downside risk toward $76,000 and potentially $72,500 remains firmly in play.

Bitcoin price forecast now hinges on whether bulls can reclaim broken trend lines or risk deeper correction into lower liquidity zones.

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ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.