#BTCvsMarkets
$BTC at a Critical Point – Bullish Move or Pullback Ahead?
As of April 6, 2025, Bitcoin ($BTC) is trading around $82,800, slightly down by 0.73% in the last 24 hours. The price range today has been between $82,382 – $83,677.
Market Update: Global financial markets are reacting to recent tariff announcements by President Trump. If tensions rise, Bitcoin could break above $88,000, but in case of a market pullback, we may revisit the $73,000 support level.
Technical Analysis:
Death Cross Alert: The 50-day MA is nearing a cross below the 200-day MA – often a bearish signal, though not always.
Support Zone: $76,000
Resistance: $85,000
Current RSI: Near 60 – neutral to slightly bullish
Sentiment Check: The Fear & Greed Index stands at 64 (Greed) – indicating strong interest, but also the possibility of a correction.
My Trading Strategy: I’m watching closely for a confirmed breakout above $85K with good volume. If we break out, I plan to long up to $88K–$90K. A close below $76K would invalidate the setup.
Note: Use proper risk management. Markets are volatile, especially with global macro news playing a big role.
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