Bitcoin Fails to Break Resistance Again as Altcoins Struggle with Mixed Momentum

April 18, 2025 – DailyForex.pk
Bitcoin (BTC) is once again knocking on resistance, marking its fourth consecutive day of failed breakout attempts, despite briefly piercing overhead levels. This ongoing consolidation near critical resistance is causing concern among traders, especially with volume remaining below its 30-day moving average, indicating low conviction in the current uptrend.

At the time of writing, BTC remains inside the daily TBO Cloud, suggesting the trend is still in bullish consolidation, but without a strong catalyst, the risk of a pullback is increasing.

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📉 BTC Lacks Momentum as Bearish Divergences Reappear

• Daily RSI is approaching a critical breakout zone
• OBV (On-Balance Volume) shows rising accumulation, but still no breakout confirmation
• 4-hour charts show TBT Bearish Divergence, mirroring the pattern that preceded the drop to $81,000 earlier this month

Until Bitcoin prints a clear TBO Close Long on the 4-hour chart, downside risks remain high.

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🪙 Market Structure Weakens Amid Rising Bitcoin Dominance

While Bitcoin dominance (BTC.D) continues climbing toward 64.34%—its February high—the altcoin market remains under pressure. BTC’s dominance rise is pushing smaller coins lower, as money consolidates in Bitcoin.

• TOTAL crypto market cap has fallen below the daily TBO Cloud
• OTHERS.D shows no bullish reversal; price action remains bearish
• Stablecoin dominance is directionless, adding to the market’s indecision
• Top 10 Dominance has bounced slightly, but daily RSI is weakening

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⚠️ Altcoins Flash Mixed Signals with Few Bright Spots

• Ethereum (ETH): No sign of reversal; continues to lag
• XRP & BNB: Bearish, weak OBV confirming low buying interest
• Solana (SOL): Up 4% yesterday with strong volume, but now showing bearish divergence at resistance
• Bitcoin Cash (BCH): TBO Close Short signal—potential reversal?
• OM & HYPE: Remain bearish; struggling at TBO Resistance
• KAS: Holding inside the Cloud, but volume is weakening
• XDC: One of the few showing promise with rising OBV and consistent structure

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🧪 Key Setups to Watch

• MKR: Two 4H TBO Close Longs — possible early warning sign of a reversal
• JASMY: Multiple bearish divergence signals despite upward moves
• CRV: Bullish breakout with strong volume above TBO resistance
• RON: Near long-term support; oversold bounce possible at 0.4221
• XCN: At risk of retracing 50% back to 0.5 Fibonacci zone
• CORE: Remains bullish standout with fresh TBO Open Long
• GRASS: Five consecutive TBO Close Shorts — extremely bearish
• FARTCOIN: Strong recovery fading; RSI putting in lower highs at $1 psychological level; pullback to $0.70 likely

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🔚 Final Thoughts: Breakout or Breakdown? BTC Must Decide Soon

Bitcoin’s inability to break through resistance at the $94,000 level is beginning to weigh on market sentiment. While the macro trend remains bullish, the short-term signals are tilting bearish, especially as altcoins overreact to Bitcoin’s indecision.

Unless BTC can close decisively above resistance soon, expect more sideways action or even a pullback, particularly in altcoins, which continue to flash mixed-to-bearish signals.

📊 Stay tuned to www.dailyforex.pk for real-time updates on Bitcoin trends, altcoin market analysis, and crypto trading forecasts.