$BTC

Bitcoin Price Analysis – April 20, 2025: Buy and Sell Zones Based on MACD and Price Action

Current Price: $84,364.80

24h High: $85,600

24h Low: $84,355

Volume (24h): 69.4K BTC / 5.9B USDT

Timeframe Analyzed: 1-Hour Chart

Overview

Friends, Bitcoin has seen moderate volatility over the past 48 hours, ranging between $83,700 and $85,600. The latest hourly chart from Binance shows a pullback from the local high of $85,600, with the price currently trading near $84,365. This drop is accompanied by noticeable bearish momentum, as indicated by the MACD and the price structure.

Key Support and Resistance Levels

• Immediate Support: $84,023 (next demand zone before $83,700 retest)

• Strong Support: $83,700 (last swing low)

• Resistance to Watch: $84,850–$85,600 range

Buy Zone Analysis

A potential buy opportunity may arise in the $84,000 to $83,700 zone, where the previous bounce occurred. Look for:

• A bounce off $84,000 with increased volume

• Bullish MACD crossover forming on lower timeframes (15m or 30m)

• Hammer or bullish engulfing candle near support

Probability of Rebound: Moderate (60%) if volume returns and $83,700 holds.

Sell Zone Analysis

Currently, BTC is trading below a key resistance zone ($84,850–$85,600).

• Price revisits this zone without bullish momentum

• MACD fails to reverse and stays in bearish divergence

• RSI (not shown here) nears overbought on 1H timeframe

Probability of Rejection: High (70%) unless there’s a strong reversal signal.

Conclusion

BTC is entering a short-term bearish phase after peaking at $85,600. With MACD showing bearish divergence and momentum fading, cautious trading is recommended. Look for buys near $83,700 and potential rejections near $85,600 unless we see a significant shift in sentiment or volume.

Short-Term Strategy:

• Scalp Buys: $84,000–$83,700

• Scalp Sells / TP: $84,850–$85,600

• Stop-Loss (Buy): Below $83,500

• Stop-Loss (Sell): Above $85,800