Bitcoin (BTC) is trading above $85,280 after breaking out of a symmetrical triangle, gaining 0.65% on Saturday. The breakout, confirmed by a MACD bullish crossover and sustained price action above the 50-period EMA ($84,509), comes amid renewed optimism fueled by spot ETF inflows and improving institutional sentiment.
The next resistance levels lie at $86,385 and $87,036, with the $85,500 zone now acting as short-term support. ETF inflows remain a key driver of BTC’s strength. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC both saw net positive inflows this week, signaling steady institutional allocation.
India’s Binance Tightens KYC—Short-Term Pain, Long-Term Legitimacy
On April 18, Binance announced a sweeping KYC re-verification mandate for all Indian users. In response to evolving AML regulations, the exchange now requires updated PAN-linked documentation across the board. The measure is in line with India’s Financial Intelligence Unit compliance.
While the update could dampen short-term trading volume in India, it may ultimately bolster trust and regulatory alignment, which are crucial for long-term adoption.
India remains one of the fastest-growing markets for crypto, and Binance’s proactive stance could serve as a precedent for local exchanges.
Quantum Threats Reignite Speculation Over Satoshi’s Identity
Speaking at the “Satoshi Spritz” event in Turin, Bitcoin pioneer Adam Back suggested that advances in quantum computing could force Satoshi Nakamoto—or whoever holds the keys to those million untouched BTC—to act.
If Bitcoin’s current elliptic curve signatures are ever compromised, it would force a migration to quantum-resistant protocols.
Speaking at the “Satoshi Spritz” event in Turin, Bitcoin pioneer Adam Back suggested that advances in quantum computing could force Satoshi Nakamoto—or whoever holds the keys to those million untouched BTC—to act.
If Bitcoin’s current elliptic curve signatures are ever compromised, it would force a migration to quantum-resistant protocols.
Kraken Launches Forex Futures, Bridging Crypto and TradFi
Kraken expanded its Pro platform on April 18 with the introduction of EUR/USD and GBP/USD perpetual futures—20x leveraged instruments that never expire. This follows Kraken’s acquisition of NinjaTrader and its rollout of stock and ETF trading in select U.S. states.
The expansion positions Kraken as a hybrid crypto-TradFi platform ahead of its expected 2026 IPO. It could also bring new liquidity into Bitcoin markets, especially from forex traders seeking exposure to digital assets.
Bitcoin Breaks Out of Triangle—Momentum Builds Above $85K
Bitcoin (BTC/USD) has broken out of a symmetrical triangle pattern on the 2-hour chart, signaling a fresh wave of bullish momentum.
Currently trading near $85,280, the breakout above $85,508 comes on the back of rising volume and a MACD crossover, reinforcing upward pressure. The price is holding above the 50-period EMA at $84,509, which now acts as short-term support.
For new traders, this setup suggests a continuation move toward $86,385 and potentially $87,036 in the near term. A pullback to retest the $85,500 level may offer a favorable risk-reward entry.
Trade Setup:
Entry: On confirmed support above $85,500 Target: $86,385, then $87,036 Stop Loss: Below $84,500BTC Bull Token Presale Tops $4.76M as Bitcoin Hovers Near $85K
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Staking Snapshot:
Annual Yield: 86% APY Total Staked: 1,222,531,969 BTCBULL Unstake Anytime: YesWith over 1.22 billion tokens already staked, momentum continues to build ahead of the next price milestone.
Presale Nears Final Stretch as Demand Surges
The presale is now approaching full subscription, with $4,801,979.55 raised out of the $5,550,445 target. The current token price remains at $0.002465, but with limited supply left and rising demand, a price hike could be imminent.
Latest Presale Stats:
Token Price: $0.00247 Raised So Far: $4.80M of $5.47MThis window may be one of the last chances to secure BTCBULL before the next pricing tier kicks in. With its high-yield staking, real BTC rewards, and growing ecosystem engagement, BTC Bull is emerging as a top contender in the meme coin space—backed by actual Bitcoin utility.
With limited time remaining and demand accelerating, this is a key window to secure BTCBULL at presale rates before the next price jump.
The post Bitcoin Reclaims $85,000 as ETF Inflows Surge—Can Bulls Push BTC to a New All-Time High? appeared first on Cryptonews.
