{"id":1256557,"date":"2026-04-14T11:11:07","date_gmt":"2026-04-14T08:11:07","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1256557"},"modified":"2026-04-17T21:07:34","modified_gmt":"2026-04-17T18:07:34","slug":"crypto-corner-btc-battles-key-resistance","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-btc-battles-key-resistance\/","title":{"rendered":"Crypto Corner: BTC Battles Key Resistance"},"content":{"rendered":"

The Daily Breakdown takes a look at Bitcoin as it tests a key resistance level. Oracle and software stocks are also in focus.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

Crypto Corner<\/b><\/h2>\n

We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span>110+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss Flare and Compound.<\/span><\/p>\n

Flare (FLR): Trading near $0.008 with a market cap of ~$691 million<\/b><\/p>\n

Flare<\/a> is a Layer-1 blockchain built to give non-smart-contract assets, especially XRP, a programmable life. Its FLR token powers gas fees, staking, delegation, and governance, while FXRP lets users bring XRP into smart-contract activity without a central custodian. Originally called Spark, FLR also acts as collateral in the network\u2019s FXRP system, making Flare a utility-first chain with a practical cross-chain pitch.<\/span><\/p>\n

Compound (COMP): Trading near $20.60 with a market cap of ~$206 million<\/b><\/p>\n

Compound<\/a> is one of DeFi\u2019s early blue chips \u2014 an Ethereum-based lending protocol where users can supply crypto to earn interest or borrow against it without a traditional bank in sight. The COMP token is not for dividends or passive yield; it is the protocol\u2019s governance key, letting holders vote on upgrades and major changes. In short, Compound turned lending into code and gave users a seat at the table.<\/span><\/p>\n

Check out these three crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist.\u00a0<\/b>\u00a0<\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Bitcoin<\/b><\/h2>\n
\"Daily
Chart as of 8:00 a.m. ET on 4\/14\/2025. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Bitcoin<\/a> traded up to $74K over the weekend, quickly retreated back toward $70K, and now finds itself back near the key resistance area of $74K. In March, BTC snapped a five-month losing streak, but for bulls to gain any meaningful upside momentum, they\u2019ll need to see Bitcoin finally clear $74K. If it can\u2019t, the current support zone near $62,500 to $65,000 could remain in play.\u00a0<\/span><\/p>\n

Options<\/b><\/h4>\n

For investors who can\u2019t trade or aren\u2019t comfortable trading cryptocurrencies outright, they can consider ETFs for BTC and ETH. On the BTC front, <\/span>IBIT<\/span><\/a> remains the largest ETF by assets, while also supporting options trading.\u00a0<\/span><\/p>\n

Bulls can utilize calls or call spreads to speculate on upside, while bears can use puts or puts spread to speculate on downside. In either case, investors may consider using adequate time until expiration.\u00a0<\/span><\/p>\n

For those looking to learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

ORCL<\/b><\/p>\n

Shares of Oracle<\/a> are trending higher this morning, up about 5% after expanding its partnership with Bloom Energy<\/a> to deploy up to 2.8 gigawatts of fuel cell capacity, underscoring its push to secure fast, on-site power as it scales AI and cloud data center infrastructure. Shares jumped more than 12% yesterday, too. <\/span>Check out the chart for ORCL<\/span><\/a>.\u00a0<\/span><\/p>\n

JPM<\/b><\/p>\n

Big banks are kicking off earnings this morning, with JPMorgan<\/a>, Citigroup<\/a>, and Wells Fargo<\/a> leading the way. For its part, JPMorgan beat on earnings and revenue expectations, but shares are down slightly in pre-market trading. WFC stock is down too. Financials were the worst-performing sector in Q1. <\/span>Check out our recent Deep Dive for JPM<\/span><\/a>.\u00a0<\/span><\/p>\n

IGV<\/b><\/p>\n

Software stocks ended last week with a skid, with the <\/span>IGV<\/span><\/a> ETF falling 7%. But Monday was a bounce-back day, with the ETF climbing more than 5%, while large software stocks like Microsoft<\/a>, ServiceNow<\/a>, Snowflake<\/a>, Applovin<\/a>, helped lead the rebound. <\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Breakdown takes a look at Bitcoin as it tests a key resistance level. Oracle and software stocks are also in focus. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1256557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown's Crypto Corner: BTC Battles Key Resistance<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown takes a look at Bitcoin as it tests a key resistance level. 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