$BTC

Bitcoin (BTC) Market Analysis – April 3, 2025

Current Market Overview:

Price: ~$86,877

24h Change: +0.7%

Market Cap: $1.749 trillion

Circulating Supply: 19.84M BTC

24h High/Low: $88,398 / $82,162

Analysis:

Bitcoin is currently experiencing moderate volatility, with recent resistance around $88,000 and support near $82,000. The price action suggests that BTC is consolidating before a potential breakout.

Technical Indicators:

RSI (Relative Strength Index): Near 55, indicating neutral momentum.

MACD (Moving Average Convergence Divergence): Slightly bullish crossover, signaling potential upward movement.

Moving Averages:

50-day MA: $83,500 (support)

200-day MA: $78,900 (stronger support)

On-Chain Data:

Exchange reserves are decreasing, suggesting accumulation by investors.

Whale activity remains high, indicating institutional interest.

Trading Strategy:

1. Short-Term (Scalping/Day Trading):

Buy near $82,500-$83,500 (support zone) with a target of $87,500-$88,000.

Set a stop-loss at $81,500 to minimize risk.

If BTC breaks above $88,500, a move toward $90,000 is likely.

2. Swing Trading (1-2 weeks):

Enter on pullbacks to $83,000-$84,000.

Target $90,000-$92,000 if momentum remains bullish.

Place a stop-loss at $80,000.

3. Long-Term Holding:

Bitcoin remains a strong asset for long-term investment.

DCA (Dollar-Cost Averaging) is recommended for risk mitigation.

Halving event in 2024 could lead to a supply shock, favoring price appreciation.

Risk Factors:

Macroeconomic events (interest rate decisions, regulations).

Sudden whale movements causing price fluctuations.

Bitcoin dominance affecting altcoin performance.