$BTC

Bitcoin opened on April 12, 2025, trading between $83,583 and $83,856, with a market capitalization of $1.65 trillion and a 24-hour trading volume of $29.74 billion. Intraday price movements ranged between $81,675 and $84,056, signaling a session marked by measured volatility and consolidation across multiple timeframes.

Across the hourly chart, bitcoin ( BTC) traded within a narrow band from approximately $83,000 to $84,200. Price action showed signs of compression following a previous bullish impulse from $78,965 to $84,257. This move has since cooled, with diminishing volume hinting at declining short-term momentum. A breakout above $84,200 could potentially initiate a new leg upward, while a breakdown below $83,000 might trigger local bearish sentiment. The hourly setup favors range-based trading with well-defined stop-loss parameters.

On the 4-hour chart, the structure indicates a bullish bias, supported by a V-shaped recovery from the recent low of $74,434. Bitcoin has been forming higher lows amid low-volume consolidation, suggesting that bulls are gradually absorbing selling pressure. Resistance at $84,500 remains pivotal, and a sustained breakout could target the $87,000 to $88,000 zone. Conversely, failure to break higher may lead to a retest of the $80,000 to $81,000 support region. Traders are advised to closely monitor volume surges and candle patterns for breakout confirmation.