š§ Bitcoin Stabilizes Around $81K ā Is It the Calm Before the Next Move?
š Date: April 6, 2025
š Timeframe: 1D (Daily Chart)
š Source: TradingView | BTC/USD (Binance)
š 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.
š¹ 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. Weāre currently in a neutral zone, waiting for either bulls or bears to take charge.
š¹ 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.
š¹ Key Resistance: $94,000
š¹ Key Support: $80,000 ā a psychological and structural level
š 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 ā especially with dominance rising (as seen in BTC.D).
ā ļø 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, $75Kā$76K could be the next demand zone to watch.
š§ āWhen Bitcoin pauses, the market holds its breath.ā
š Stay tuned. Stay smart. Stay with CryptoPulsee.
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