BTC Market Update – April 17, 2025
Bitcoin holds strong above $84K today, showing signs of a bullish trend as traders eye the critical resistance zone near $86.5K. With RSI bouncing back and BTC staying above the 50-day EMA, momentum looks positive.
Institutional confidence remains high – BlackRock just bagged another $30.8M in BTC, fueling optimism in the market.
Short-term outlook: Watch for a breakout above $86.5K – it could signal the next major leg up.
Support: $82.5K
Resistance: $86.5K
Trend: Bullish
Sentiment: Cautiously optimistic
Will BTC break out or pull back? Stay sharp, stay updated!
