ONCHAIN DATA

#Bitcoin Update April-16 👇 Guys, $BTC has already delivered a strong impulsive move from the lower levels and is now consolidating just below a key resistance zone around the 75k area. Price action is becoming choppy here, showing signs of indecision after the recent rally. Multiple rejections near this level indicate that sellers are active, while buyers are still trying to maintain structure above the recent support. This kind of tight consolidation after a strong move often leads to a breakout. If $BTC manages to hold above the 74k support and builds a base here, a breakout toward the 76k–77k range becomes likely. On the other hand, failure to hold this range could trigger a pullback toward the 73k–72k zone for a deeper reset before the next move. This is a key compression zone. A breakout or breakdown from here will likely define the next direction. Watching the reaction closely. #BitcoinPriceTrends #CZ’sBinanceSquareAMA #GoldmanSachsFilesforBitcoinIncomeETF #USMilitaryToBlockadeStraitOfHormuz