$BTC

Bitcoin (BTC) – 1H Chart Analysis – April 24, 2025

Current Price: $93,918 | Change: +0.37%

24h High: $94,005 | 24h Low: $91,660

1. Trend & Moving Averages:

BTC is trading above all key moving averages:

MA(7): $93,433

MA(25): $93,006

MA(99): $90,729

This signals short-term bullish momentum as BTC recovers from the previous dip.

2. RSI (Relative Strength Index):

RSI is currently at 76.69, which places it in the overbought zone.

This suggests that BTC might be overheated in the short term, and a minor pullback or consolidation could follow.

3. MACD:

The MACD line is crossing above the signal line, indicating a bullish crossover.

Histogram is also turning green – a potential confirmation for continued upward movement.

4. Volume:

Volume is showing a mild uptick, supporting the current price action.

Watch for increasing volume to confirm breakout attempts above $94K.

5. Resistance & Support:

Immediate resistance: $94,005 (24h high), then $94,696 (recent top on 4H).

Key support: $93,006 (MA25) and $91,660 (24h low).

Summary:

BTC is showing strong short-term bullishness on the 1H chart with a MACD crossover and price pushing above moving averages. However, RSI suggests we’re entering overbought territory, so momentum traders may want to watch for a pullback or consolidation around $94K before the next move.

Are we about to break $95K, or is this just a fakeout? Let me know what you think!

#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis