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Bitcoin struggles around $75K with high volatility; analyst eyes $85K by April end.

Analyst Insights
16 Apr 2026
Bitcoin
View Source
Neutral
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Bitcoin has been volatile around the $75,000 resistance level, causing $137 million in trader liquidations over 24 hours. Despite multiple attempts, it failed to sustain gains above $75,000, currently trading near $74,200 with a market cap of $1.48 trillion. Factors influencing price include geopolitical tensions and economic data, with nearly equal losses for long and short traders. Analyst Shawn Young from MEXC Research predicts bitcoin could reach $85,000 by late April if current positive market sentiment continues and no major disruptions occur.

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