As of April 16, 2025, here's an updated technical analysis for Bitcoin (BTC):

financeturn0finance0

🔍 Current Market Snapshot

Price:$83,66

24h Change:-2.00

Intraday Range:$83,207 – $86,25

📉 Bearish Signals

Death Cross Alert BTC is approaching a "death cross," where the 50-day moving average crosses below the 200-day moving average, a potential bearish signa. citeturn0news13

RSI Currently at 41.83, indicating neutral momentum but leaning towards bearis. citeturn0search4

Support Levels Key supports are at $80,500 and $90,500. A break below these levels could signal further decline. citeturn0news12

📈 Bullish Outlook

*Long-Term Projections: Analysts predict BTC could reach $200,000 by late 2025 and $1 million by 203. citeturn0news12

*Technical Targets: Potential upside targets are $123,000 (200% Fibonacci extension) and $156,000 (261.8% Fibonacci extensio). citeturn0search5

*Institutional Support: Increased institutional interest and positive macroeconomic factors support a bullish long-term tred. citeturn0search3

✅ Summary

*Short-Term: Caution is advised due to bearish technical indicatos.

*Long-Term: The outlook remains bullish, supported by strong fundamentals and institutional interet.

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