BTC Could Rise to $140K While Cardano Faces Strong Selling at $0.750

Market sentiment has improved significantly in the past couple of weeks, moving from a record low of 15 in the Fear and Greed Index to 52 at the time of writing as President Donald Trump opted to backpedal on his decision to impose high tariffs on all imported goods.

Meanwhile, in the past 24 hours, both tokens have retreated slightly as traders have taken some profits off the table after a couple of furious single-day upticks.

As Bitcoin surged above the $90,000 level, open interest in U.S. dollars climbed significantly near their highest levels on record in 2025 as traders have jumped back into the market now that sentiment appears to be improving.

Meanwhile, in BTC terms, April 22 has been the most active day in the futures market in 2025 as open interest climbed to 718,770 BTC.

BTC Historical Patterns Favor Push to $140K

Looking at the weekly chart, Bitcoin has pulled a stunt on traders as it went from a bear trap after it broke below its symmetrical triangle to a bullish breakout above this same pattern.

Same as most other cryptocurrencies, Bitcoin has broken above its weekly 21-day exponential moving average (EMA). However, its breakout has been much more aggressive and pronounced compared to top altcoins.

The last two times that this has happened and the price kept surging for at least two consecutive weeks, Bitcoin’s price doubled in the next few months measured by the closing high of the week where the 21-day EMA was broken.

Hence, this bullish breakout could turn out to be the most powerful buy signals we have seen lately for Bitcoin.

Momentum indicators are favoring a bullish outlook as well as the Relative Strength Index (RSI) has climbed above its 14-week simple moving average (SMA) while the MACD’s histogram shows that negative momentum has been steadily decreasing for three weeks in a row.

Meanwhile, trading volumes at these levels have been the highest throughout the entire year as BTC attracted significant interest from buyers once it got near $80,000.

A first plausible target for Bitcoin in the mid-term could be set at $140,000 if history repeats.

ADA Will Encounter Strong Selling Pressure at $0.750

On-chain metrics for Cardano have not yet recovered strongly despite the token’s latest uptick Daily transaction volumes currently sit at 28,700, meaning a 48% drop in the past 3 months while daily active addresses have also declined from 36,800 to 23,500 during this same period.

Smart contract platforms typically thrive as their DeFi ecosystems expand. However, this does not seem to be the case for Cardano as the project’s ecosystem is quite small compared to its rivals like Ethereum, Solana, and BNB Chain.

Cardano has focused mainly on developing real-world applications that are powered by its blockchain.

Looking at the daily chart, we can see the two key levels to watch for ADA. The chart is not as bullish as that of BTC as it is still too early in the cycle to expect the beginning of altcoin season.

There has been some strong buying pressure once the price has gotten to the $0.750 level. Today, the price has touched its point of control (POC), meaning that the strongest trading volumes throughout the year have taken place here.

Meanwhile, if the price pulls back at this point, the 21-day EMA is the most relevant support to watch at $0.650. Same as with BTC, momentum indicators favor a bullish outlook as the RSI has distanced itself significantly from its 14-day SMA while the MACD’s histogram has been on an uptrend for the past four days.

If ADA rises above $0.80, bulls will have a free runway to push it to $1 as this is a low-volume area where they will face little resistance from bears.