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Bitcoin Eyes $87K Amid Strong Holder Conviction

Bitcoin finds solid support at $80K, with strong on-chain holder behavior and bullish technicals suggesting a move toward $87K, possibly $100K next.

What we will talk about today...

Crypto billionaire sees breakout ahead as BTC rebounds strongly.

Solana Soars on ETF Hopes and Market Momentum

Bitcoin Eyes $87K Amid Strong Holder Conviction

Crypto billionaire sees breakout ahead as BTC rebounds strongly.

Mike Novogratz predicts a strong Bitcoin rally, citing macro trends, technical recoveries, and shifting narratives around BTC’s role in global markets.

  • Main Points:

    • Bitcoin hits $83.8K: Rebounds 5% in 24 hours.

    • Novogratz bullish on BTC: Sees signs of an imminent surge.

    • BTC ends volatile week strong: Recovered from multi-month lows.

    • Decoupling signs emerge: Bitcoin may be diverging from stocks.

    • BTC called a macro asset: Novogratz urges recognition of its role.

  • Detailed Insights:

    • BTC trades at $83,802: CoinGecko shows strong recovery from recent lows.

    • Novogratz sees a breakout ahead: "Feels to me it’s about to run."

    • BTC down 10% YTD: Tariff-driven macro pressures still linger.

    • Rebounds with stocks: Both markets surged after midweek sell-offs.

    • Bollinger sees a bottom forming: Technicals may support the bull case.

    • Narrative drives value: Novogratz emphasizes Bitcoin as digital gold.

    • Disagrees with Schiff—mostly: Still says BTC is now a macro asset.

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Solana Soars on ETF Hopes and Market Momentum

Solana gains over 7% on April 11 amid rising ETF approval hopes, liquidation-driven momentum, and bullish technical signals.

  • Main Points:

    • SOL price up 7.45%: Outpaces broader crypto market rally.

    • ETF optimism grows: Paul Atkins’ appointment boosts approval hopes.

    • Shorts liquidated: Over $9M in short positions wiped out.

    • Bullish RSI divergence: Technicals hint at more upside ahead.

  • Detailed Insights:

    • SOL trades at $124.56: Strong 24-hour rally with broad crypto support.

    • Paul Atkins fuels speculation: Crypto-friendly SEC chair sparks ETF hopes.

    • Approval odds rise to 76%: Polymarket data shows bullish sentiment shift.

    • $226M liquidated in 24h: Shorts dominate with $152.4M wiped.

    • $9.3M short SOL liquidated: Adds to upward price pressure.

    • RSI divergence on daily chart: Suggests bulls may hold short-term control.

    • Targeting $130 next: Price eyes 50-day SMA as next resistance level.

₿itcoin reached $83,571. +1.57%

♢Ethereum reached $1,597.  +2.17%

Bitcoin Eyes $87K Amid Strong Holder Conviction

Bitcoin finds solid support at $80K, with strong on-chain holder behavior and bullish technicals suggesting a move toward $87K, possibly $100K next.

  • Main Points:

    • Support at $80K holds: Rebound triggered by key technical zone.

    • 200-day MA at $87K: Acts as critical resistance level.

    • Consolidation likely: Rangebound movement expected short-term.

    • On-chain data bullish: Long-term holders increase accumulation.

    • Scarcity intensifies: Fewer coins in circulation fuels upward momentum.

  • Detailed Insights:

    • BTC rebounds off $75K–$80K: Strong historical and psychological support zone.

    • RSI divergence signals strength: Bullish indicator confirms buyer reentry.

    • 200-day MA caps rally: Resistance around $87K limits upside for now.

    • Accumulation near $84K breakout: Impulsive surge from descending channel midline.

    • On-chain data: hodlers rising: 3–12 month holders grow, showing market confidence.

    • Supply squeeze underway: Coins moving to long-term wallets reduces active supply.

    • Path to $100K possible: Break above $87K could lead to price discovery.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results