Bitcoin is flashing green after days of uncertainty, with traders turning to technicals as markets stabilize following President Trump’s shifting tariff policies.
BTC has confirmed a double bottom pattern — a classic reversal signal — formed between April 7 and April 9, with lows near $74,600 and a temporary bounce to $80,800. On Wednesday, the price broke through the neckline of the formation, signaling a bullish breakout. As of Thursday, Bitcoin was trading around $82,000, with technical projections pointing toward a possible run to $87,000.
Supporting the move is a bullish “outside day” candle on the daily chart, which occurs when a green candle completely engulfs the prior red candle’s price range — often seen as a strong signal of buyer dominance and a shift in sentiment.
The optimism wasn’t limited to Bitcoin. XRP and Dogecoin surged 14.3% and 12.7% respectively, both also posting bullish outside day candles — a sign that traders are embracing risk again and momentum may continue building across the altcoin space.
Overall, the broader crypto market appears to be regaining its footing after a turbulent start to the week, with technical patterns now suggesting that the path of least resistance may be upward — so long as key support levels, like $75,000 for BTC, remain intact.
