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Breaking News: Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet
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Breaking News: Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet

Bitcoin Poised For Bullish Breakout—But Only If This Key Condition Is Met

Semilore Faleti
Semilore Faleti
Last Updated: April 12, 2026 12:00 pm
2 mins read
Bitcoin

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Bitcoin traded as high as $73,000 following a 9% price rally in the past week. However, the broader market suggests the leading cryptocurrency is still stuck in a bear phase that’s been dragging on for more than six months. Interestingly, historical data suggest that recent price movement could trigger a significant bullish rebound, providing investors with a mid-term to long-term relief period.

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Bitcoin On The Brink: One Move Could Trigger A Massive Shift

1 month ago

Bitcoin Nears Key Support Level As Bulls Eye Historical Recovery Run

In an X post on April 11, renowned analyst Ali Martinez shares a positive observation of the Bitcoin price chart, highlighting a cyclical price rally. Notably, this price surge is triggered by a retest of a particular long-standing ascending trendline during an extended correction period, as is being observed. Martinez names this ascending trendline the “Parabolic Guard,” describing it as probably the most consistent technical level in Bitcoin history. Over the last 10 years, a price retest of this support line has consistently preceded a massive rebound. In 2017, Bitcoin’s contact with this trendline produced a staggering 961% gain in the following months.

 

This is perhaps the most respected technical line in Bitcoin $BTC history. For nearly ten years, this ascending trendline has acted as the "Parabolic Guard." Every touch has historically preceded a massive expansion:

• 2017: +963%
• 2018: +261%
• 2020: +1,126%
• 2022:… https://t.co/uIDjVPVIyx pic.twitter.com/QloO6k66OO

— Ali Charts (@alicharts) April 11, 2026

A similar event was observed in 2018; however, it resulted in a lower yield of 261%. In 2020, Bitcoin’s retest of the Parabolic Guard triggered 1,126% price increase, before the 2022 bear market commenced. The bullish condition was met again later in 2022, resulting in a 660% gain observed over the last four years.  According to Martinez, the historic ascending trend line currently runs between $56,000 and $60,000, about 20% below the current market price. Interestingly, the present cycle low lies around $60,000, which Bitcoin formed amid an intense market sell-off in early February.

According to Martinez’s latest post, the market would likely need a return to this market bottom to end the bear market and initiate a long-term recovery. The prominent analyst also explains that Bitcoin’s contact with the Parabolic Guard would slow smart money’s accumulation in anticipation of the next price surge.

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Bitcoin

Bitcoin Reclaims $73,000 Mark But Traders Remain Unconvinced – Details

1 month ago

Bitcoin Market Overview

At the time of writing, Bitcoin was valued at $71,508, following a 1.81% loss in the last day. Meanwhile, daily trading volume has dropped by 27.35% and is valued at $26.35 billion. According to CoinCodex data, the overall market sentiment is heavily bearish, while the Fear & Greed Index remains in extreme fear territory. Nevertheless, CoinCodex analysts expect Bitcoin’s market bounce, driven by the easing geopolitical tensions, to persist for the time being, with price predictions of a $79,729 in the next five days.

Bitcoin
BTC trading at $71,499 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from Freepik, chart from Tradingview

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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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