The cryptocurrency market has been yearning to see the world’s largest cryptocurrency, Bitcoin (BTC), climb back above the $100,000 mark. But it seems like the king coin is hit with several hurdles. Earlier today, BTC managed to rise to a high of $88,821.47, restoring hope in the market. It should be noted that this is the highest that the king coin has increased to during the past month. The community hopes that BTC continues this uptrend and reclaims $90,000 during the next few days.

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Has Bitcoin Started Its Recovery Journey?

The Bitcoin market started the new week on a rather bullish note. The asset recorded a 1% rise over the past 24 hours. At the time of writing, BTC was trading at $88,291.65. The asset had a challenging time over the past couple of days. Just earlier this month, the king coin was trading at a low of $74,436.68 before jumping to its monthly high today.

While the community is rooting for BTC’s rise above the $100,000 level, a prominent analyst laid out the potential hurdles. Ali Martinez revealed that the king coin is currently experiencing several levels of resistance between the $88,000 and $91,000 mark. This was further highlighted through the 200-day moving average, the mid-level of the consolidation channel, as well as the 100-day moving average.

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April 25 Price Prediction

Despite these potential obstacles, Bitcoin might inch closer to the $100,000 mark this week. According to data from CoinCodex, BTC is expected to witness an 11.59% rise during the next couple of days. Following this double-digit rise, the king coin will trade at a high of $98,631 on April 25. If BTC does reclaim this peak, the community will be able to pocket gains lost during the recent carnage.

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