Analysis $BTC 04/25/2025
#BTC, we are doing very well... we reached $95k solidly and naturally, this was the kind of price action you wanted to see if you were expecting a consistent rise.
It was quite predictable that we would reach $95K close to the weekend, but to be honest, I see no problems with that; on the contrary, I think the weekend here will not interfere with the main direction. Of course, we should remain cautious with weekend optimism, but I believe we will be fine and the green range on the chart should act as a good support.
In this sense, I also see no major reasons for the BIG BULLS to want to push the price to $98K over the weekend. Of course, that could happen, but we would need many buyers ready to hold the price there, or some good news to get us above $98K and have some support above that, which is unlikely.
So, what I expect here is some sideways movement between $96K/ $94K; if we have that, then next week we can aim for higher prices.
The $95K level is crucial for the big BEARS, and although many have closed their large orders and reallocated at $98K, this is still a place where the SELLERS are working hard, stay alert!
The indicators are still quite stretched, although the price is higher, the RSI has cooled off a bit, but it is still not significant; any sideways movement here will be enough for us to cool down a bit more and continue rising.
The BULLS still have the advantage here, and they just need to keep the price above the green range on the chart.
Notice that while BTC was moving sideways within the green range, the #altcoins had a good upward reaction; any sideways movement above $95K will make things really crazy for Altcoins, it will be interesting to see this soon.
I am extremely optimistic about Altcoins!
