Bitcoin bulls are attempting to push the price above $85,000, aided by Michael Saylor's recent purchase of $285.5 million at an average price of $82,618. However, institutional investors have reduced holdings, with CoinShares reporting $7.2 billion in outflows since February. The S&P 500 Index (SPX) is expected to remain range-bound between 5,500 and 5,119, with significant movements dependent on surpassing resistance or falling below the support level. The US Dollar Index (DXY) faces pressure below 99.57, with a potential drop to 97.50 if it fails to recover. Bitcoin broke above resistance on April 12, targeting $89,000, while Ether and XRP also struggle with resistance levels at $1,722 and $2.24, respectively. Both cryptocurrencies have critical support levels to maintain to avoid further declines. BNB, Solana, and Dogecoin are facing their own resistances and support challenges, indicating overall mixed sentiment in the crypto market as key levels are tested.

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