Bitcoin price started a fresh increase above $90,000. BTC is now testing the 
key barrier at $93,000 and might attempt an upside break. Bitcoin started a 
fresh increase above the $90,000 zone. The price is trading above $90,500 and 
the 100 hourly Simple moving average. There is a bullish trend line forming 
with support at $90,800 on the hourly chart of the BTC/USD pair (data feed 
from Kraken). The pair might continue to move up if it settles above the 
$93,000 zone. Bitcoin Price Surges Over 5% Bitcoin price managed to stay above 
the $84,000 zone and started a fresh increase. BTC gained strength for a move 
above the $88,000 and $90,000 levels. There was a clear move above the $90,500 
resistance. A high was formed at $92,912 and the price is now testing an 
important barrier. It is still above the 23.6% Fib retracement level of the 
upward move from the $83,870 swing low to the $92,912 high. Bitcoin is now 
trading above $92,000 and the 100 hourly Simple moving average. Besides, there 
is a bullish trend line forming with support at $90,800 on the hourly chart of 
the BTC/USD pair. If the bulls remain in action, the price could attempt 
another increase. Immediate resistance is near the $92,900 level. The first 
key resistance is near the $93,000 level. The next resistance could be 
$93,500. A close above the $93,500 resistance might send the price further 
higher. In the stated case, the price could rise and test the $95,000 
resistance. Any more gains might send the price toward the $96,500 level. The 
next barrier for the bulls could be $97,200 and $98,000. Another Drop In BTC? 
If Bitcoin fails to rise above the $93,000 resistance zone, it could start 
another decline. Immediate support is near the $90,800 level and the trend 
line. The first major support is near the $88,400 level and the 50% Fib 
retracement level of the upward move from the $83,870 swing low to the $92,912 
high. The next support is now near the $87,350 zone. Any more losses might 
send the price toward the $86,000 support in the near term. The main support 
sits at $84,000, below which BTC might accelerate lower in the near term. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now above the 50 level. Major Support Levels – $90,800, followed by $88,400. 
Major Resistance Levels – $93,000 and $93,500.

Bitcoin Rallies Into Resistance With Traders Watching for Breakout Confirmation

Australia’s government-funded national broadcaster, which has on average over 
12 million people in its readership, released a report on Tuesday painting 
Bitcoin as a tool of criminals with no real use or purpose.

Crypto lobby slams ABC’s ‘sensational’ Bitcoin article in complaint

Strategy signaled it could tap its bitcoin stash to safeguard dividend payouts 
if its valuation sinks toward parity, exposing how market pressure may force 
the staunch accumulator to consider a rare sale to preserve investor 
confidence. Strategy Confirms It Can Sell Bitcoin to Protect Dividends Amid 
mNAV Risk Strategy (Nasdaq: MSTR) has revealed that it […]

Strategy Says It Would Sell Bitcoin to Fund Dividend Payments If Needed

This partnership could accelerate institutional adoption of crypto by aligning 
staking services with traditional finance standards and security.
The post Deutsche Bank-backed Taurus partners with Everstake to enhance 
institutional crypto staking appeared first on Crypto Briefing.

Deutsche Bank-backed Taurus partners with Everstake to enhance institutional crypto staking

Chainlink is approaching a decisive moment as its price compresses within a 
well-defined triangle structure. The pattern remains strong, but the market is 
signaling that a major move is imminent. Everything now hinges on a single 
trendline break, one that will determine whether LINK is ready to reverse 
higher or sink into a deeper correction. B-Wave Extension Back In Focus: Is 
The Triangle Still Intact? According to crypto analyst More Crypto Online in a 
recent update on Chainlink, it is crucial to step back and examine the bigger 
picture of the asset&#8217;s price action. The analyst believes the market is likely 
still extending the yellow B-wave correction. At the moment, the analyst is 
considering that this B-wave may be unfolding as a complex triangle pattern, 
as seen in the &#8220;yellow scenario.&#8221; Related Reading: Chainlink’s Next Major Move 
Comes After This Range, Analyst Says Despite the triangle hypothesis, the 
analyst emphasizes that there is currently no evidence that a definitive low 
has formed. To confirm a structural reversal, LINK requires a clear 1-2 setup 
to the upside, which would signal the start of a new impulsive trend. As 
stated in previous updates, a confirmed bottom hinges on a break above the 
first yellow trendline. The triangle pattern, which typically unfolds as a 
5-wave structure (A–B–C–D–E), remains valid for now, without a confirmed low. 
This pattern suggests that the price will continue to consolidate sideways, 
trapping both bulls and bears. More Crypto Online defined the critical 
invalidation point for the primary count. If the price were to break below the 
Monday, April 4th, low at $10.20, the current triangle microstructure would be 
entirely invalidated. Meanwhile, the broader B-wave correction would still be 
theoretically possible, but would likely unfold in a different structural 
path. Critical Support Cluster: $10.70, $8.94, And $6.90 In Focus More Crypto 
Online went further to highlight the next crucial support levels if the 
current triangle structure fails, which are located at $10.70, $8.94, and 
$6.90. The analyst cautioned that a definitive break below the $6.90 mark 
would significantly increase the probability of an alternative scenario for 
Chainlink: the unfolding of a larger degree Wave 4. Related Reading: Chainlink 
Maintains Its Base, But One Push Could Flip Sentiment Fast For now, the 
immediate focus is on how the price reacts within the key Fibonacci support 
zone defined by the boundaries of $6.90 and $10.70. The analyst concluded by 
stating the necessary condition for a structural low: the earliest sign of a 
reversal would be a break above the yellow trendline. Until that happens, the 
trendline continues to act as firm resistance, keeping the local downtrend 
structurally intact and signaling that caution remains necessary. Featured 
image from Pngtree, chart from Tradingview.com

Cryptocurrency price in KRW