Analysis of BTC today - 04/14/25

The market shows signs of recovery after recent corrections, influenced by macroeconomic and technical factors.​CriptoFacil+2Cointelegraph+2Valor Econômico+2

🔍 Current Technical Analysis

Relative Strength Index (RSI): Around 48, indicating a neutral zone, suggesting balance between buyers and sellers.​

Moving Averages:

Short term (MA5, MA10, MA20): Indicating a selling trend.​

Medium to long term (MA50, MA100, MA200): Signaling a buying trend, which may indicate support at current levels. ​

MACD: Points to a buying bias, suggesting a possible resumption of upward movement.​Investing.com Brasil+1InvestX+1

Stochastic: In overbought territory, which may indicate a short-term correction.​Investing.com Brasil

📈 Chart Patterns and Key Levels

Support: Between US$ 76.000 and US$ 78.000.​Valor Econômico+3CriptoFacil+3InvestX+3

Resistance: Near US$ 88.000, coinciding with the 200-day exponential moving average. ​InvestX+1CriptoFacil+1

Patterns: A rising trend line is forming, with the price testing this line. A break of this line could lead to a liquidation of long positions.​InvestX

🌐 Macroeconomic Context

The recent suspension of tariffs by the US, except for China, has relieved the market, boosting risk assets like Bitcoin. Additionally, accumulation by large investors ("whales") suggests confidence in the continuation of the upward trend.

For now, that's it, everyone!

Best regards and good trading to all!