Analysis $BTC 07/04/2025
BTC had another rejection in the red zone around $110K, it is understandable that the BEARS attack in this region, after all, we are only 3.44% away from making a new ATH. The BEARS had a good boost from unfounded rumors (AGAIN).
Notice here that in the last 2 hours to close the daily Candle, the BULLS are reacting well and defending this orange zone around $107K as support, that was what we needed.
The Bulls are doing a great job not letting the price fall back to $106K, we are making a good play here. Of course, we are entering the weekend and that puts us at a temporary disadvantage, but I wouldn't be surprised to see the price working between $107K/$110K... a sideways movement above the orange zone is what the BULLS need for a new ATH in the coming weeks.
The EMAs 50/100/200 (4h) have been preserved and are positioned at key levels, it looks very good.
The RSI still gives us plenty of room to attack a new ATH, if you are bearish here, then you are looking at this wrong.
No big changes, so...
The same thought here;
A new ATH in July is what we should have, $112K is inevitable, now or later... the BEARS ARE FATED to fail, holding...
