- \n
- \n
BTC price builds a bullish structure after reclaiming $72,000, as a symmetrical triangle breakout targets $90,000.<\/p>\n<\/li>\n
- \n
Binance taker buy volume exploded by $2.7 billion in two hours after the US-Iran ceasefire, signaling strong aggressive buying by bulls.<\/p>\n<\/li>\n<\/ul>\n
BTC price \u201cbuilds a bullish structure\u201d<\/h2>\n
Bitcoin\u2019s latest rally saw it reclaim key support areas, including the $68,000 zone where the 200-week exponential moving average and the 50-day simple moving average converge.\u00a0<\/p>\n
Related: <\/strong><\/em>Bitcoin wallets absorb 4.37M BTC as network activity flips to \u2018bull phase\u2019<\/strong><\/em><\/p>\n
\u201cBitcoin breaks through the crucial $71K level and builds a bullish structure,\u201d MN Capital founder Michael van de Poppe said in a post on Wednesday.<\/p>\n
The analyst further pointed out that the next crucial resistance zone is $80,000 and that holding the support at $70,000 was required to secure the recovery toward $90,000, as shown in the chart below.<\/p>\n
\u201cThat would strengthen the entire theory of higher lows, higher highs, and continue the momentum upwards.\u201d<\/p><\/blockquote>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d6d7c-1702-7b32-8318-bfbf9a5896a0.png\")
BTC\/USD daily chart. Source: X\/Michael van de Poppe<\/em><\/figcaption><\/figure>\n From a technical perspective, BTC\/USD is validating a symmetrical triangle after breaking above its upper trend line at $70,000 on Tuesday.\u00a0<\/p>\n
A daily candlestick close above this level would confirm the breakout, with the next line of resistance being the $76,000 range high.<\/p>\n
Above that, bulls will have to contend with resistance at $80,000 before pushing Bitcoin price toward the measured target of the triangle at $90,000, 25% above the current price.<\/p>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d6d7c-1df2-7924-8b96-61cddde70401.png\")
BTC\/USD daily chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/figcaption><\/figure>\n \u00a0<\/div>\nThe daily relative strength index, or RSI, has increased to 56 from oversold conditions at 15 reached on Feb. 6, suggesting increasing bullish momentum.<\/p>\n
As Cointelegraph reported, maintaining above $69,500 in the near term is crucial for the bulls to sustain the recovery.<\/p>\n
Bitcoin bulls are \u201cbuying aggressively\u201d<\/h2>\n
Bullish sentiment could be returning to Bitcoin as a key metric from Binance, the largest crypto exchange by trading volume, shows that buyers are starting to dominate the platform\u2019s volumes.<\/p>\n
The Binance taker buy volume, which measures the total dollar amount of aggressive buy orders (market buys) placed by traders on Binance futures, increased by $2.7 billion within two hours following the US and Iran ceasefire agreement on Tuesday.\u00a0<\/p>\n
\u201cWithin just two hours, during and after the announcement, $1.2B and $1.5B ($2.7B) in taker buy volume appeared on derivatives markets,\u201d CryptoQuant contributor DarkFost said in an April 8 note, adding:<\/p>\n
\u201cThis sudden improvement in visibility allows investors to reposition in the short term, and sends a constructive signal for Bitcoin.\u201d<\/p><\/blockquote>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d6d7b-fdbe-78f8-9081-3708f00b51a2.png\")
Bitcoin taker buy volume on Binance. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n \u00a0<\/div>\nThis increased flow of liquidity into Binance was also reinforced by net taker volume, which measures the imbalance between aggressive buyers and sellers in derivatives markets.<\/p>\n
The Binance Bitcoin cumulative test taker volume has \u201cclimbed to $1.02 billion, its highest level since March 17, signaling a sharp return of aggressive buying in Bitcoin,\u201d CryptoQuant analyst Amr Taha said, adding:<\/p>\n
\u201cThis suggests Binance traders were buying aggressively into improving macro sentiment, not just reacting to a crypto-specific headline.\u201d<\/p><\/blockquote>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d6d7c-0943-7c31-84ad-702d9e9effcf.png\")
Bitcoin Binance net taker volume. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n Meanwhile, Bitcoin\u2019s Coinbase premium index has flipped positive, pointing to a return in demand from US investors, following a long stretch of negative readings.<\/p>\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d6d7c-0f37-7880-aa42-50bbde3d07cb.png\")
Coinbase Bitcoin Premium Index<\/em><\/figcaption><\/figure>\n This article is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions.<\/p>\n
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