Binance Data Signals Bullish Momentum as Bitcoin Nears Key Resistance

Bitcoin’s recent rebound from a six-month low has sparked Optimism among traders, with key metrics from Binance indicating strong bullish activity. As BTC approaches a critical resistance level, market participants are watching for a potential breakout that could propel prices toward $94,100.

Bitcoin Tests Downtrend Resistance, Breakout Looms

Bitcoin has rebounded from a six-month low, surging past $85,000. Analysts are eyeing a breakout as BTC nears the $87,250 200-day SMA, with $94,100 as the next target. The rebound followed a policy shift by US President Donald Trump, who announced a pause on trade tariffs for all countries except China, easing broader economic concerns. Binance Taker Buy/Sell Ratio hit 1.79 on April 12, signaling strong bullish market activity. Bitcoin has shown notable recovery after reaching its lowest level in six months on April 9.

Africa Crypto Week in Review: Kenya’s Crypto Bill, Nigeria Postpones Binance Suit, Bitcoin Africa Conference in Cameroon

Kenya’s new virtual assets bill is before Parliament seeking to regulate crypto. Nigeria postponed the Binance tax lawsuit until the end of April, claiming $2 billion in unpaid taxes. Meanwhile, Cameroon hosts the Bitcoin Africa Conference. The African regulatory landscape is aligning with international trends, with Kenya considering a bill weeks after Nigeria passed new securities legislation accommodating crypto.