Bitcoin Breaks Seven-Month Resistance
Bitcoin breaks seven-month resistance in a move that has the crypto market sitting up straight. After months of grinding lower from its October 2025 peak of $126,000, Bitcoin finally punched through the descending trendline that had been capping every recovery attempt since last year, and the trigger came from an unlikely place: the Middle East.
Iran’s announcement that the Strait of Hormuz would remain open during the ongoing ceasefire sent oil prices falling and risk assets surging. Bitcoin rode that wave, climbing to an intraday high of $78,384 on April 17 before settling around $77,205, a 2.7% gain on the session. Digital asset treasury stocks felt the momentum too, with Strategy jumping more than 10% as BTC’s rise pushed its holdings back into positive territory.
For technical traders, this is the moment they have been watching for. The descending resistance line that had been rejecting Bitcoin at every rally since October 2025 has, for the first time in seven months, been broken. As Decrypt reported, the move invalidates what had been a textbook descending channel of lower highs and lower lows, a structure that, if left unchecked, had the math pointing toward $50,000–$55,000 as the next major support zone.
That scenario now looks delayed, if not cancelled entirely.
Still, the technical picture carries a few cautions. The 50-day Exponential Moving Average remains below the 200,day EMA, what traders call a death cross, signalling that the broader trend has not yet flipped bullish. The Average Directional Index sits at 18.1, below the 25-threshold that would confirm a trend with real conviction behind it. The Relative Strength Index has climbed to 67.7, close to overbought territory but not yet there, leaving some room for further upside before sellers begin locking in profits.
The squeeze momentum indicator, however, has been released with positive momentum, a signal traders watch closely for a potential continuation of the move.
Sentiment on prediction markets is leaning bullish. On Myriad, traders are placing 69% odds on Bitcoin hitting $84,000 before dropping to $55,000, the widest bullish gap on that market since it launched in early February. The crowd is more cautious about timelines, though, giving Bitcoin just a 6.2% chance of reaching a new all-time high before July.
The key level to watch now is $74,000–$75,000, the former resistance that must hold as support if this Bitcoin breaks seven-month resistance narrative is to stick. A clean defence of that zone with momentum building in the ADX would be a strong signal that the bulls are finally back in charge. A failure there, on the other hand, would flip the broken resistance line back into a ceiling, and reset the bearish case entirely.
