๐ Bitcoin Technical Analysis & Trading Plan โ April 2025
Bitcoin is heating up again! With BTC hovering near $95K, traders are eyeing the $100K breakout. Here's your April 2025 trading plan to stay ahead of the curve. ๐
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1๏ธโฃ ๐ Current Price Action
BTC is trading around $94,898, up from April's low of $76K.
The price is consolidating after reaching a new all-time high of $105K earlier this year.
2๏ธโฃ ๐ Key Technical Levels
Resistance: $98Kโ$100K (psychological barrier).
Support: $88Kโ$90K (23.6% Fibonacci retracement), $78Kโ$80K (previous structure high).
3๏ธโฃ ๐ Technical Indicators
Bitcoin is maintaining its position above both the 50-week and 200-week moving averages.
The MACD on the weekly timeframe shows declining momentum but remains in positive territory.
4๏ธโฃ ๐ง Trading Strategy
Consider entering on pullbacks to the $88Kโ$90K support zone.
Set stop-loss orders below $78K to manage risk.
Target a breakout above $100K for potential gains.
5๏ธโฃ ๐ Market Sentiment
Institutional interest is growing, with significant BTC acquisitions by companies like MicroStrategy.
ETF inflows continue to support bullish momentum.
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Stay informed and trade wisely! ๐น
