Bitcoin ($BTC) is again witnessing a decisive juncture in the new market cycle. Hence, the 100-day simple moving average (SMA) of Bitcoin has become a significant technical barrier. As per the data from Ali Charts, Bitcoin ($BTC) is currently testing the respective technical barrier as a level that has recurrently dictated its price action’s direction. So, the traders are closely watching this level and the further price trajectory in the near term.
Bitcoin $BTC is at a make-or-break point!
— Ali Charts (@alicharts) April 16, 2026
For the third time in six months, BTC is testing the 100-day simple moving average (SMA) as resistance.
• In October, Bitcoin got rejected, resulting in a 30% correction from $116,000 to $80,000.
• In January, Bitcoin also got… pic.twitter.com/OpTotoWDQI
Bitcoin Faces Massive Resistance at 100-Day SMA Amid Concerns of Triple Top Formation
The 100-day SMA of Bitcoin ($BTC) is currently hindering its upward price movement. Particularly, the flagship cryptocurrency is testing the respective barrier for the 3rd time in 6 months. Back in October last year, rejection at Bitcoin’s SMA led to a sheer 30% correction, decreasing $BTC’s price from the height of $116K to $80K.
Analogously, in January this year, another notable rejection paved the way for a 39% dip, decreasing the leading crypto asset’s price from up to $97K to $59,800. This underscores the substantial pressure of the respective resistance line. At the moment, the 100-day SMA of $BTC is pressing against its price levels around $73,935. Market onlookers caution that a 3rd rejection could ignite a bearish, triple top formation. This pattern often comes before deeper dips.
Make-or-Break Resistance to Dictate Further Path of Bitcoin toward $80K-$84K Range
As per details, Bitcoin ($BTC) could revisit its annual low price mark of $59,800, which serves as a psychological foundation for the traders. Irrespective of the looming risk, bulls are still optimistic about a breakout above Bitcoin’s 100-day. Such a surge would raise the price to the $80K-$84K range. Keeping this in view, the top cryptocurrency is now facing a make-or-break resistance that could result in a spree in either direction.
According to Ali Charts , the institutional Bitcoin ($BTC) investors are keenly watching whether the anticipation of a breakout comes true. The current price level of $BTC displays 1.47% increase over the past 24 hours, while the weekly and monthly trajectories denote 5.79% and 1.14% spikes. For now, some Traders are focusing on downside protection, while others are readying for a notable price momentum.
