Bitcoin could make a run toward $83,000 before facing heavier selling pressure, according to several market analysts tracking the current range. Sheldon Diedericks said the upcoming monthly close may help confirm a bullish structure on the chart and open the door for a push into that resistance zone during April. His view is not outright bullish from there, though. He warned that once Bitcoin tests that area, the market may run into renewed downside pressure and a sharper correction.
$83,000 emerges as the near-term resistance zone
Diedericks’ projection lines up with comments from other market watchers, including Roman Trading, who also expect an interim rally before Bitcoin looks for lower support. That makes the current setup difficult to read in simple terms. Price may still move higher first, but the path above is crowded by resistance, and any rejection near that region could shift attention back to downside levels quickly.
$50,335 remains on the table if support breaks
On the bearish side, Sheldon’s current downside target sits at $50,335, pointing to the scale of the pullback that could follow a breakdown. Analyst Jelle has taken a more process-driven approach. Over the last three years, he has stuck with a DCA strategy, marking accumulation zones and phased selling areas ahead of time. Before the recent decline gathered pace, he had already started rotating part of his exposure into cash instead of waiting for the exact top of the prior rally.
In his latest market update, Jelle said his re-entry plan depends on clear conditions rather than impulse buying. He will either wait for his preferred buy levels or resume DCA if the RSI shows that accumulation should begin. He added that weekly oversold conditions combined with a strong higher low usually create a stronger buying setup. Until that structure appears, he is still waiting for lower prices.
Bitcoin has stayed range-bound for 57 days
Recent price action supports that cautious tone. Bitcoin has traded in the same range for 57 days and has repeatedly failed to hold above $70,000. Bears have also tried several times to push the market below $65,000, aiming for deeper lows, but those attempts have not yet produced a lasting break. Even so, repeated support tests can weaken the level, and that leaves the market exposed if sellers finally force a decisive move lower.
The macro backdrop is adding pressure as well. The report noted that recent U.S. economic data released while the article was being prepared suggested that rising unemployment may be accelerating alongside inflation. Jelle also said geopolitical tensions involving Iran could influence where Bitcoin forms its next major bottom. With Bitcoin consolidating for nearly two months and no clear bullish catalyst in the current news flow, the next 10 to 15 days could bring much higher volatility as the market moves toward a break in either direction.