April 12, 2025 Bitcoin Market Analysis

Bollinger Band Indicator: From the one-hour chart, the Bollinger Bands are opening upwards, currently corresponding to indicators 84383-81317, with the middle Bollinger Band corresponding to the indicator 82850. Currently, Bitcoin is in a consolidation phase above the middle Bollinger Band.

MA5 and MA10 have crossed into a death cross and are trending downwards, with the MA5 line corresponding to the indicator 83294 and MA10 corresponding to the indicator 83511, indicating a consolidation phase. Support below is at 81909.

The MACD fast and slow lines have crossed into a death cross, and bearish volume is gradually increasing, indicating a downtrend.

The RSI indicator has crossed into a death cross and is trending downwards, corresponding to indicators 38-34, indicating a normal buying phase.

Currently, Bitcoin's low point yesterday was at 78412, and the second low point at 78924 did not break the previous low, showing a rebound.

There is a price resistance level at 84460 above, and support exists at 81200 below. Currently, from the candlestick chart, the market is in a range consolidation phase.