đ§ Bitcoin Stabilizes Around $81K â Is It the Calm Before the Next Move?
đ Date: April 6, 2025
đ Timeframe: 1D (Daily Chart)
đ Source: TradingView | BTC/USD (Binance)
đ Bitcoin is currently consolidating just above the $81,000 mark, showing signs of sideways action after a period of volatility. Price action remains choppy, and traders are waiting for a clear directional breakout.
đš MACD Analysis:
The MACD line is below the signal line, and histogram bars are flatlining near zero. This suggests a lack of strong momentum in either direction. Weâre currently in a neutral zone, waiting for either bulls or bears to take charge.
đš RSI (Relative Strength Index):
The RSI sits around 44, reflecting a weak but stable market, neither overbought nor oversold. This could allow room for a bounce, but a breakdown below support could intensify bearish pressure.
đš Key Resistance: $94,000
đš Key Support: $80,000 â a psychological and structural level
đ Key Insights:
Price has been unable to reclaim the $90K+ zone, which could keep bullish momentum capped for now.
However, no major breakdown yet, which means the consolidation phase might be a setup for the next big move â especially with dominance rising (as seen in BTC.D).
â ď¸ Watch Closely:
If BTC holds above $80K with rising dominance, we could see Bitcoin lead the next leg up while altcoins lag behind. But if support breaks, $75Kâ$76K could be the next demand zone to watch.
đ§ âWhen Bitcoin pauses, the market holds its breath.â
đ Stay tuned. Stay smart. Stay with CryptoPulsee.
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