{"id":71249,"date":"2026-04-16T19:03:39","date_gmt":"2026-04-16T19:03:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-tug-of-war-at-75k-leaves-traders-bruised-analyst-eyes-85k-by-late-april-markets-and-prices-bitcoin-news\/"},"modified":"2026-04-16T19:03:39","modified_gmt":"2026-04-16T19:03:39","slug":"bitcoins-tug-of-war-at-75k-leaves-traders-bruised-analyst-eyes-85k-by-late-april-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-tug-of-war-at-75k-leaves-traders-bruised-analyst-eyes-85k-by-late-april-markets-and-prices-bitcoin-news\/","title":{"rendered":"Bitcoin\u2019s Tug of War at $75K Leaves Traders Bruised; Analyst Eyes $85K by Late April \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways<\/strong><\/p>\n<ul>\n<li> <span>Bitcoin<\/span> repeatedly tested $75,000 on April 16, resulting in $137 million in total trader liquidations.<\/li>\n<li>Coinglass data shows 8,061 traders were liquidated as <span>BTC price<\/span> <span>volatility<\/span> exceeded 2.94% in 24 hours.<\/li>\n<li>MEXC Research analyst Shawn Young predicts <span>bitcoin<\/span> could reclaim $85,000 by the end of April.<\/li>\n<\/ul>\n<h2>Geopolitical and Economic Drivers<\/h2>\n<p><a href=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> breached the $75,000 mark several times in the last 24 hours as the <span>cryptocurrency<\/span> continued to hold on to gains initially made on April 13. As shown on the daily chart, <span>bitcoin<\/span> twice surpassed the mark on Wednesday evening, but its momentum stalled each time amid a wave of selling pressure.<\/p>\n<p>However, a few hours before midnight, the top <span>cryptocurrency<\/span> breached the mark again before retreating slightly to consolidate near the threshold. By 5 a.m. EST, a fresh <span>volatile<\/span> session commenced as the price plunged to $74,300, only for the <span>cryptocurrency<\/span> to rally back to $75,000. The same price action repeated between 9:30 a.m. and 12:15 p.m., but this time, <span>bitcoin<\/span> plummeted to an intraday low of $73,309 before a quick surge saw it nearly tap the $75,000 resistance again.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>At the time of writing (1:30 p.m. EST), <span>bitcoin<\/span> is in another downtrend, trading just above $74,200\u2014a marginal gain from its price at the same time yesterday. The <span>cryptocurrency<\/span>\u2019s nearly flat performance left its market capitalization largely unchanged at $1.48 trillion.<\/p>\n<p>While reports of possible U.S.-Iran talks seemingly influenced price action, non-war narratives\u2014such as underwhelming U.S. jobless claims and <a href=\"https:\/\/news.bitcoin.com\/bitcoin-etfs-add-186-million-as-broad-market-rally-continues\/\">exchange-traded fund inflows<\/a>\u2014were also determinants.<\/p>\n<p> <span>Bitcoin<\/span>\u2019s topsy-turvy price action left traders shorting and longing the <span>cryptocurrency<\/span> with nearly identical losses. Coinglass data showed approximately $70 million in overleveraged long positions on <span>bitcoin<\/span> had been liquidated in 24 hours, versus $67 million in shorts. On a day when price <span>volatility<\/span> exceeded 2.94%, 8,061 traders were liquidated; the largest single <span>liquidation<\/span> was $9.7 million.<\/p>\n<h2>The Path to $85,000<\/h2>\n<p>Meanwhile, <span>bitcoin<\/span>\u2019s recent breach of the $76,000 mark has sparked debate on what to expect next for an asset class that ended the first quarter in the red. Shawn Young, chief analyst at MEXC Research, became the latest expert to <a href=\"https:\/\/news.bitcoin.com\/tim-draper-renews-bitcoin-target-sees-250k-in-18-months-as-inflation-pressures-weigh-on-dollar\/\">voice optimism<\/a> about prospects in the coming weeks.<\/p>\n<p>\u201cAs with previous geopolitical tensions, the <span>crypto<\/span> market, led by <span>bitcoin<\/span>, eventually gets to price in the uncertainty of the war,\u201d Young said. \u201cThis way, a sustained tension may now have little or no impact on price movement. With the negotiations in the U.S.-Israel-Iran war continuing, <span>market sentiment<\/span> is tilted toward a positive resolution, a possibility that has pushed the price of <span>bitcoin<\/span> above the $76,000 mark.\u201d<\/p>\n<p>Young added that despite the short-term price breakout, <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> is still trading below \u201coptimal ranges\u201d that future updates might reshape.<\/p>\n<p>With investors acquiring over 250,000 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> in the past 30 days, a unique shift in the role of the asset as a store of value has been initiated. However, despite the likelihood of the conflict in the Middle East being resolved, a complication in the negotiation process may derail the gains of the past four days.<\/p>\n<p>While concessions are inevitable, Young suggests that if nothing disruptive occurs, <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> could easily reclaim the $85,000 mark by the end of April. This month is historically positive for the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a>, with an average growth of 31%. \u201cIf history repeats itself, a new support level may be formed at $85,000,\u201d Young added.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoins-tug-of-war-at-75k-leaves-traders-bruised-analyst-eyes-85k-by-late-april\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin repeatedly tested $75,000 on April 16, resulting in $137 million in total trader liquidations. Coinglass data shows 8,061 traders were liquidated as BTC price volatility exceeded 2.94% in 24 hours. MEXC Research analyst Shawn Young predicts bitcoin could reclaim $85,000 by the end of April. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":71250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71249"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71249"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71250"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}