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Bitcoin Signals a Potential Breakout, But Altcoin Traders Should Stay Alert

Bitcoin shows bullish strength, yet short-term risks hint at a pullback; altcoins remain vulnerable amid market volatility.

Karachi, April 15, 2025 – Bitcoin (BTC) is displaying signs of a potential breakout after testing resistance twice and generating strong bullish signals on the daily chart. However, with conflicting technical indicators flashing red, traders must proceed with caution—especially in the altcoin market, where volatility may surge.

🚀 Bitcoin Eyes Breakout Amid Positive Momentum

Bitcoin opened the week strong, retesting the $85,000 resistance and printing a bullish TBO Close Short signal on the daily timeframe—a technical marker that has historically preceded major upward moves. Supporting this shift are multiple bullish indicators:

  • Daily volume is outpacing its 30-day average
  • On-Balance Volume (OBV) is trending higher
  • RSI continues to push toward resistance
  • BTC/USD sits inside the daily TBO Cloud, a zone often associated with long-term bullish strength

Despite this promising setup, short-term bearish alerts are emerging.

⚠️ Warning Signs: Could a BTC Pullback Hit $81K?

Traders should be cautious as the 4-hour chart flashed a TBT Bearish Divergence—the same signal that preceded April’s plunge from $88K to $74K. In addition, a Stop Loss Hunting alert fired, often linked to near-term downside risk.

Unless Bitcoin decisively breaks above daily resistance, a retracement toward $81,000–$82,000 seems likely, aligning with key Fibonacci retracement levels.

🪙 Altcoins Likely to Bear the Brunt of Bitcoin Correction

Bitcoin dominance (BTC.D) remains high, signaling continued capital flow into BTC. If Bitcoin retraces, stablecoin dominance may rise to 8.22%, while Top 10 Dominance and OTHERS.D (altcoin market cap excluding top coins) could face sharp drops.

💡 Altcoins are known to react more violently during Bitcoin corrections, making proper risk management essential.

🌐 Total Market Cap Holds Ground—but for How Long?

The total crypto market cap is consolidating within the daily TBO Cloud after breaking initial resistance. However, any drop in Bitcoin price would likely pull the broader market down, including weaker altcoins that remain under bearish pressure.

Meanwhile, BVOL7D (Bitcoin Volatility Index) has cooled, but could spike again on a -5% BTC move—just like it did in February.

🔍 Ethereum and Other Altcoins: Mixed Signals

  • Ethereum (ETH): Still trading below the daily and weekly TBO Clouds. Volume and OBV remain weak, suggesting no immediate recovery.
  • Ripple (XRP): Back in the TBO Cloud but vulnerable to BTC pullbacks.
  • Solana (SOL): Closed above key levels, but bearish divergence suggests a short-term dip toward $121.
  • Litecoin (LTC): Needs stronger momentum to shift market sentiment.
  • Optimism (OM): Volume surged to $900M but price action has cooled. Weekly RSI remains oversold.

📈 What’s Next for Bitcoin and Altcoins?

Bitcoin’s long-term structure supports a bullish move toward $94,000, but short-term risks remain. If BTC fails to clear current resistance, a healthy correction to $81K–$82K is expected.

For altcoin traders, this could mean sharper drops—so risk management is key. The crypto market remains volatile, and even in bullish cycles, pullbacks are inevitable.

✅ DailyForex.pk Insights: Take Action

  • Consider locking in partial profits when bullish runs stretch
  • Stay alert to technical divergence signals on 4-hour and daily charts
  • Monitor Bitcoin dominance to anticipate altcoin behavior
  • Wait for confirmation before entering long positions in altcoins

Stay tuned to www.dailyforex.pk for real-time updates, technical analysis, and crypto forecasts tailored for Pakistani investors and global traders alike.
Hamza Shah

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Published by
Hamza Shah
2 months ago

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