April 14, 2025 Bitcoin Market Analysis

Bollinger Bands Indicator: From the hourly chart, the Bollinger Bands are opening, currently corresponding to indicators 82178-74284, with the midline corresponding to 78231. Currently, Bitcoin has attempted multiple times to break through the upper Bollinger Band line while oscillating and rising above the midline.

The MA5 and MA10 crossed with a golden cross upward, with the MA5 corresponding to indicator 84451 and the MA10 corresponding to indicator 84122, indicating that the market has entered a phase of oscillating upward. Support below at 83990.

The MACD fast and slow lines crossed with a golden cross upward, but bullish momentum is gradually weakening, leading to a market decline and correction.

The RSI indicator crossed with a golden cross upward, corresponding to indicators 86.7-80.7, with the fast line flattening and starting to converge, indicating a slight decline.

Currently, Bitcoin's low point yesterday was 83430, with a price resistance level at 85100 above and support at 83970 below. From the K-line chart, the market decline and correction, if it does not break below the midline of the Bollinger Bands, may lead to a second upward movement.