$BTC

BTC 4H Chart Analysis – April 24, 2025

Bitcoin is currently trading at $92,827, showing a -1.40% decline in the last 4 hours after peaking at $94,696. Here are some key insights from the 4H timeframe:

1. Trend & Moving Averages:

BTC is still trading above the 99 MA ($84,883) and 25 MA ($90,051), indicating overall bullish momentum.

However, it's now below the 7 MA ($92,958), suggesting short-term weakness or potential consolidation.

2. RSI (Relative Strength Index):

RSI is at 58.61, signaling a neutral zone. There’s room for upside if bulls regain momentum, but also a risk of downward movement if support fails.

3. MACD:

The MACD line is below the signal line, with the histogram in red – indicating bearish momentum is gaining strength.

The recent crossover suggests a short-term pullback could continue unless volume returns.

4. Volume:

Volume has dropped significantly after the recent rally, showing decreasing buyer interest, which aligns with the current retracement.

5. Support & Resistance:

Key support levels: $91,660 (24h low), $90,051 (MA25), and $84,883 (MA99).

Key resistance: $94,696 (recent high). Breaking this would open the door toward $95K+.

Summary:

BTC had a strong breakout earlier but is now consolidating below its recent high. Momentum indicators show weakening bullishness, and the MACD suggests caution. A bounce from $90K could reignite bullish sentiment, but if it breaks down further, we may revisit lower supports.

What’s your current BTC strategy – buy the dip or wait for confirmation?

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