Bitcoin (BTC) Price Prediction: BTC Eyes $94K Breakout as It Reclaims Momentum After Dipping to 6-Month Low

Bitcoin has shown notable recovery after a difficult week, where it reached its lowest level in six months

Bitcoin showed signs of recovery on Friday, rebounding slightly after a difficult week that saw the price drop to its lowest point in six months on April 9. The drop came amid a volatile market and rising concerns over a U.S. policy shift.

However, President Donald Trump announced a pause on trade tariffs for all countries except China, offering some relief and reducing broader economic concerns.

Following this announcement, Bitcoin regained momentum and moved above the $80,000 level. By Friday evening, the price had climbed past $83,000, indicating a return of strength in the market.

As noted by well-known market analyst Rekt Capital, Bitcoin is on the cusp of a breakout. At the time of writing, Bitcoin was trading at $85,429 and approaching a downward trendline that has limited gains since January.

The current situation marks the sixth time that Bitcoin has tested this trendline since the beginning of 2025. Each of the previous five attempts failed, reinforcing the ongoing bearish pattern. Now, the market is once again testing that resistance, suggesting growing pressure and increasing signs of potential upward momentum.

“A few hours away from performing the initial but crucial steps towards fully confirming a breakout beyond the multi-month Downtrend,” Rekt noted.

According to Rekt Capital, if Bitcoin manages to break above this long-term downtrend, it may signal the beginning of a new upward phase. He identifies $78,508 as a key support level. Remaining above this level while also closing above the trendline could be the trigger for further gains.

When BTC breaks a technical downtrend…$BTC enters a new technical uptrend,” Rekt stated.

Bitcoin Momentum Builds Toward $94K

Further confirmation comes from Ali Martinez, another widely followed analyst. Martinez notes that Bitcoin recently moved above the 50-day Simple Moving Average (SMA), which is often considered a key medium-term indicator. The cryptocurrency is now heading toward the 200-day SMA, positioned at $87,250.

If Bitcoin manages to break above the 200-day SMA, the price may move toward the next target at $94,100. This would represent a gain of more than 10 percent from current levels.

A breakout above the 200-day SMA could open the door for a significant rally,” Martinez noted.

The chart also shows a rising pattern of higher lows, reinforcing signs of building bullish strength. As the price slices through major moving averages, momentum appears to be shifting. If BTC closes above $87,250 in the coming sessions, market sentiment may quickly turn more optimistic.

Meanwhile, on April 12, the Taker Buy/Sell Ratio on Binance rose to 1.79, indicating strong buying activity. Martinez highlighted this development in a separate post, reflecting that the volume of buyers actively filling sell orders. Such a trend often indicates short-term strength in the market.

A big spike in buying pressure for Bitcoin just hit on Binance. Bulls might be stepping in,” Martinez noted.