On March 7, President Donald Trump signed an executive order launching the Strategic Bitcoin Reserve. The move frames Bitcoin as a national reserve asset comparable to gold. Unlike government bonds, Bitcoin isn\u2019t a promise; it\u2019s a real, finite, and independent asset. This could reshape how countries and institutions treat it.<\/p>\n\n\n\n
The reserve decision marks a turning point. Bitcoin\u2019s status has shifted. It\u2019s now positioned as a strategic holding, not just a speculative tool. Over the coming decades, this may open the door for corporations or sovereign entities to begin adopting Bitcoin as a long-term reserve, especially as its digital scarcity continues to gain credibility worldwide.<\/p>\n\n\n\n
Bitcoin <\/h2>\n\n\n\nThe Monthly<\/em> chart of Bitcoin <\/h3>\n\n\n\n![\"monthly](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250404-BITCOIN-REPORT.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\nOn the monthly chart, January closed inside a tight bull channel. That pattern reflected sustained strength and minimal pullbacks. The channel had been supported by the 2024 bull flag breakout and the 2022 ATH breakout. The 2024 bull flag had lasted eight months, forming a key accumulation range between roughly $50,000 and $75,000. The breakout from that range helped fuel the move to $100,000.<\/p>\n\n\n\n
But in February, Bitcoin printed a strong bear bar that closed below the low of the previous month. That shifted the structure. While a bull bar in March could have restored the possibility of a bull channel, the February close increased the likelihood of a broader sideways pattern forming. The market is no longer trending tightly.<\/p>\n\n\n\n
Keep in mind the resistance levels that have been in place since November:<\/p>\n\n\n\n
\n- $100,000 as a round number and psychological barrier<\/li>\n\n\n\n
- $120,000 as the measured move projection from the bull flag<\/li>\n\n\n\n
- The third touch of the upper bull channel trend line<\/li>\n<\/ul>\n\n\n\n
These zones have held back price, and they continue to weigh on upside momentum.<\/p>\n\n\n\n
March brought volatility. The monthly bar had a price range of over $15,000. It closed near where it opened, forming a trading range bar. It ended slightly below February\u2019s close but stayed above February\u2019s low. That suggests buyers were active near $80,000 and that sellers lacked conviction to drive the market lower. There wasn\u2019t widespread distribution.<\/p>\n\n\n\n
What does that leave on the table for April?<\/p>\n\n\n\n
If the current sideways action remains relatively tight, it could compress and set up a small pullback bull trend. That\u2019s one potential scenario. Compression near resistance would increase the chance of a breakout later in Q2.<\/p>\n\n\n\n
The other scenario is broader range formation. If volatility expands, Bitcoin could swing widely between $50,000 and the resistance zone at $100,000. That would produce strong moves in both directions over the coming year.<\/p>\n\n\n\n
From a tactical perspective, if February hadn\u2019t closed as a bear bar, breakout trades into resistance may have remained valid. But given the retracement and failed follow-through, a more cautious approach is preferred. Gradual accumulation during retracements below $80,000 offers better positioning. Wait for compression or breakout confirmation on lower timeframes before entering new long positions. That will offer more favorable risk-reward conditions.<\/p>\n\n\n\n
The Weekly<\/em> chart of Bitcoin <\/h3>\n\n\n\n![\"weekly](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250404-BITCOIN-REPORT-1.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\nBitcoin traded between $50,000 and $75,000 for most of 2024. That trading range resolved in a breakout through $74,000, and the measured move target projected near $100,000, a target that was reached by November. We had anticipated $100,000 as a major profit-taking zone. Institutions likely used the round number to begin trimming positions.<\/p>\n\n\n\n
After hitting $100,000 to $108,000, the price didn\u2019t collapse. Instead, Bitcoin entered a deliberate three-month topping process. It formed a double top between those levels, with a neckline near $90,000. This was not a panic-driven reversal. It was methodical. The neckline broke, initiating a correction that brought the price back to $75,000 area.<\/p>\n\n\n\n
That area is key. It aligns with the 2024 range breakout level and the IBIT ETF\u2019s breakaway gap. Price found support here, with a small bull reversal bar forming near the gap two weeks ago. Buyers stepped in, defending what had been a launch zone. That action suggests this isn\u2019t a breakdown; it\u2019s a retest.<\/p>\n\n\n\n
There\u2019s no surge in shorting pressure. Large players appear to be adjusting positions rather than abandoning them. This fits with the Q1 rebalancing narrative. The 25% drop reset exposure for funds. Now, as Q2 begins, many are adding to positions again.<\/p>\n\n\n\n
Still, bulls haven’t reclaimed control. A High 2 reversal pattern developed, but the follow-through was limited. Price reached the 26-week EMA, tested it, but failed to close above. <\/p>\n\n\n\n
To change the trend, bulls must do more. They need to push above the EMA and close higher. Otherwise, the current bounce is vulnerable to stalling.<\/p>\n\n\n\n
The $75,000 zone continues to hold, though. And with the strategic reserve story adding long-term support to the Bitcoin narrative, the downside appears limited. I won’t be surprised by a climax test of the $70,000 area.<\/p>\n\n\n\n
For those dollar-cost averaging, this remains an opportunity. Price is far below the all-time high. Long-term holders may continue stacking during this discount.<\/p>\n\n\n\n
Traders need to wait for confirmation. Jumping into resistance or chasing rallies without compression or breakout setups carries higher risk. Look for a clean breakout pattern. Until then, the environment favors patience over aggression.<\/p>\n\n\n\n
April could set the stage for a new leg up, especially if price stays supported above $75,000 and compresses into a tighter range. If that happens, momentum traders will get better entries with lower risk.<\/p>\n\n\n\n
We encourage traders to share insights and discuss strategies in our comment section. If you found this report valuable, consider sharing it with fellow traders to help us all continue growing together!<\/p>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\nOn the monthly chart, January closed inside a tight bull channel. That pattern reflected sustained strength and minimal pullbacks. The channel had been supported by the 2024 bull flag breakout and the 2022 ATH breakout. The 2024 bull flag had lasted eight months, forming a key accumulation range between roughly $50,000 and $75,000. The breakout from that range helped fuel the move to $100,000.<\/p>\n\n\n\n
But in February, Bitcoin printed a strong bear bar that closed below the low of the previous month. That shifted the structure. While a bull bar in March could have restored the possibility of a bull channel, the February close increased the likelihood of a broader sideways pattern forming. The market is no longer trending tightly.<\/p>\n\n\n\n
Keep in mind the resistance levels that have been in place since November:<\/p>\n\n\n\n
- \n
- $100,000 as a round number and psychological barrier<\/li>\n\n\n\n
- $120,000 as the measured move projection from the bull flag<\/li>\n\n\n\n
- The third touch of the upper bull channel trend line<\/li>\n<\/ul>\n\n\n\n
These zones have held back price, and they continue to weigh on upside momentum.<\/p>\n\n\n\n
March brought volatility. The monthly bar had a price range of over $15,000. It closed near where it opened, forming a trading range bar. It ended slightly below February\u2019s close but stayed above February\u2019s low. That suggests buyers were active near $80,000 and that sellers lacked conviction to drive the market lower. There wasn\u2019t widespread distribution.<\/p>\n\n\n\n
What does that leave on the table for April?<\/p>\n\n\n\n
If the current sideways action remains relatively tight, it could compress and set up a small pullback bull trend. That\u2019s one potential scenario. Compression near resistance would increase the chance of a breakout later in Q2.<\/p>\n\n\n\n
The other scenario is broader range formation. If volatility expands, Bitcoin could swing widely between $50,000 and the resistance zone at $100,000. That would produce strong moves in both directions over the coming year.<\/p>\n\n\n\n
From a tactical perspective, if February hadn\u2019t closed as a bear bar, breakout trades into resistance may have remained valid. But given the retracement and failed follow-through, a more cautious approach is preferred. Gradual accumulation during retracements below $80,000 offers better positioning. Wait for compression or breakout confirmation on lower timeframes before entering new long positions. That will offer more favorable risk-reward conditions.<\/p>\n\n\n\n
The Weekly<\/em> chart of Bitcoin <\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\nBitcoin traded between $50,000 and $75,000 for most of 2024. That trading range resolved in a breakout through $74,000, and the measured move target projected near $100,000, a target that was reached by November. We had anticipated $100,000 as a major profit-taking zone. Institutions likely used the round number to begin trimming positions.<\/p>\n\n\n\n
After hitting $100,000 to $108,000, the price didn\u2019t collapse. Instead, Bitcoin entered a deliberate three-month topping process. It formed a double top between those levels, with a neckline near $90,000. This was not a panic-driven reversal. It was methodical. The neckline broke, initiating a correction that brought the price back to $75,000 area.<\/p>\n\n\n\n
That area is key. It aligns with the 2024 range breakout level and the IBIT ETF\u2019s breakaway gap. Price found support here, with a small bull reversal bar forming near the gap two weeks ago. Buyers stepped in, defending what had been a launch zone. That action suggests this isn\u2019t a breakdown; it\u2019s a retest.<\/p>\n\n\n\n
There\u2019s no surge in shorting pressure. Large players appear to be adjusting positions rather than abandoning them. This fits with the Q1 rebalancing narrative. The 25% drop reset exposure for funds. Now, as Q2 begins, many are adding to positions again.<\/p>\n\n\n\n
Still, bulls haven’t reclaimed control. A High 2 reversal pattern developed, but the follow-through was limited. Price reached the 26-week EMA, tested it, but failed to close above. <\/p>\n\n\n\n
To change the trend, bulls must do more. They need to push above the EMA and close higher. Otherwise, the current bounce is vulnerable to stalling.<\/p>\n\n\n\n
The $75,000 zone continues to hold, though. And with the strategic reserve story adding long-term support to the Bitcoin narrative, the downside appears limited. I won’t be surprised by a climax test of the $70,000 area.<\/p>\n\n\n\n
For those dollar-cost averaging, this remains an opportunity. Price is far below the all-time high. Long-term holders may continue stacking during this discount.<\/p>\n\n\n\n
Traders need to wait for confirmation. Jumping into resistance or chasing rallies without compression or breakout setups carries higher risk. Look for a clean breakout pattern. Until then, the environment favors patience over aggression.<\/p>\n\n\n\n
April could set the stage for a new leg up, especially if price stays supported above $75,000 and compresses into a tighter range. If that happens, momentum traders will get better entries with lower risk.<\/p>\n\n\n\n
We encourage traders to share insights and discuss strategies in our comment section. If you found this report valuable, consider sharing it with fellow traders to help us all continue growing together!<\/p>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n