Technical Analysis of Bitcoin (BTC) - 4-Hour Chart
Date of Analysis: April 13, 2025
Current Price: $84,618
General Trend:
The price shows an upward trend on the 4-hour frame, after a clear rebound from the $74,000 level. Bitcoin is currently trying to break through the strong resistance at $83,900.
Support and Resistance:
Main Support: $74,000
Current Resistance: $83,900
Next Target: $85,141 (if the resistance is broken)
Technical Indicators:
The RSI indicator indicates improving bullish momentum
The MACD shows a bearish crossover but with weakening selling momentum
Expected Scenario:
If the resistance is broken and remains above it, we expect the rise to continue towards $85,000. However, if the breakout fails, the price may return to test $81,000 or even $78,500.
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Bitcoin (BTC) Technical Analysis – 4H Chart
Date: April 13, 2025
Current Price: $84,618
Trend Overview:
BTC is currently in a short-term uptrend after rebounding strongly from the $74,000 demand zone. Price is testing the $83,900 resistance zone.
Key Levels:
Support: $74,000
Resistance: $83,900
Next target: $85,141 (if breakout confirmed)
Indicators:
RSI shows rising bullish momentum
MACD still bearish but losing strength
Possible Scenarios:
A successful breakout above $83,900 could push BTC to $85,000+. A rejection may lead to a pullback toward $81,000 or even $78,500.
