Bitcoin ($BTC) is on the defensive this week, currently trading near $84,752 after retreating from a local high around $85,200. The move confirms a breakdown from a rising wedge pattern on the 2-hour chart—typically a bearish signal that suggests a potential trend reversal. For now, the market remains tightly coiled, and traders are looking for a confirmed move below $84,600 before entering short positions. Schwab Moves Into BTC—Spot Trading by April 2026 While short-term charts look shaky, institutional momentum continues to build. Charles Schwab Corp. is preparing to launch spot Bitcoin trading services by April 2026, according to CEO Rick Wurster. The move follows a 400% increase in traffic to Schwab’s crypto platform, underlining rising demand from traditional investors for direct exposure to digital assets. JUST IN: $138 BILLION CHARLES SCHWAB CEO CONFIRMS IT WILL LAUNCH #BITCOIN AND CRYPTO SPOT TRADING THEY HAVE 37 MILLION CUSTOMERS. MASSIVE pic.twitter.com/sSBG2C9fHM — The Bitcoin Historian (@pete_rizzo_) April 19, 2025 In January, Schwab partnered with Trump Media & Technology Group (TMTG) to launch the “Truth.Fi” initiative, offering hybrid TradFi-crypto products. The initiative is seen as part of a broader pivot from Wall Street firms amid growing regulatory clarity under the Trump administration. Institutional Takeaways: Schwab targets spot BTC trading by Q2 2026 Crypto traffic up 400% on Schwab platforms Partnership with TMTG signals deeper TradFi-crypto integration El Salvador’s Bitcoin Push Hits Compliance Snags In El Salvador, the original crypto nation experiment is showing signs of strain. Of the 181 Bitcoin service providers officially registered, only 20 remain operational, according to a report from the Central Reserve Bank, as cited by El Mundo . That means 89% of listed firms are currently inactive. Despite El Salvador’s move to adopt Bitcoin as legal tender, the majority of Bitcoin service providers in the country are no longer active. #ElSalvador #Bitcoin https://t.co/mgfX2J8ZPj — Cryptonews.com (@cryptonews) April 15, 2025 The bottleneck appears regulatory. El Salvador’s Bitcoin Law Regulation requires providers to meet high standards for anti-money laundering (AML), asset transparency, and cybersecurity. At least 22 firms have reportedly failed to meet these compliance benchmarks. El Salvador Stats: Only 11% of firms are active 22 firms cited for non-compliance Regulatory friction slowing adoption despite national BTC push Bitcoin Consolidates Below $85K—Key Breakdown Test in Play Bitcoin is sitting at a technical inflection point. A confirmed break below $84,600 could pave the way for a deeper slide toward $83,340. On the other hand, a push back above $85,500 would invalidate the bearish thesis and restore bullish momentum. Trade Setup: Short Entry: Below $84,600 Targets: $83,990 → $83,340 Long Entry: Only above $85,500 with volume confirmation Stop Loss: Above $85,500 (shorts), below $84,000 (longs) With macro headlines heating up and institutional players entering the fray, traders should tread carefully. Watch for volume confirmation before jumping into either side of the market. The next move could define Bitcoin’s trajectory heading into May. BTC Bull Presale Crosses $4.82M as Staking Yields Hit 85%—Next Price Hike Near With Bitcoin hovering around the $85,000 level, investor interest in BTC Bull Token ($BTCBULL) continues to grow. The Ethereum-based meme coin has now raised $4,827,870.94 out of its $5,550,445 presale target, leaving just a small window for new buyers to lock in tokens at the current rate of $0.00247. What makes BTC Bull stand out is its real utility: every time Bitcoin hits key price milestones, $BTCBULL holders receive airdropped rewards in real BTC. This unique feature has attracted crypto-native investors looking to align their meme coin exposure with actual Bitcoin upside. Stake BTCBULL for 85% APY + Real Bitcoin Rewards BTC Bull’s high-yield staking program remains a top driver of demand. Investors can earn 85% APY by staking their $BTCBULL tokens and still retain the ability to unstake at any time—offering both yield and flexibility. The staking pool has already surpassed 1.23 billion tokens, showing strong community participation ahead of the token’s exchange debut. Staking Snapshot: Annual Yield: 85% APY Total Staked: 1,235,352,755 BTCBULL Unstake Anytime: Yes Whether you’re a long-term holder or a passive earner, this dual-reward structure enhances the token’s appeal beyond just meme coin hype. Latest Presale Stats: Token Price: $0.00247 Raised So Far: $4.80M of $5.55M 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 Price Hovers at $84,752 After Dropping from $85,200: What Traders Should Watch Today appeared first on Cryptonews .