Bitcoin (BTC) Trading Signal – April 15, 2025

Current Price: $84,562 USD

24h Change: +$778 (+0.93%)

Intraday Range: $83,784 – $85,675

Technical Overview

Support Levels: $83,000, $80,000

Resistance Levels: $85,000, $87,000

MACD: Bullish crossover confirmed

RSI (14): 59.11 – Neutral to bullish

Moving Averages: 11 out of 12 indicators suggest a "Buy" signal

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Market Sentiment

Bitcoin is currently trading within a narrow range of $83,000 to $85,000. Analysts suggest that a sustained move above $85,000 could signal a bullish breakout, targeting the $87,000–$90,000 range. Conversely, a dip below $83,000 may indicate a bearish trend, with potential support at $80,000.

Risk Management

Stop-Loss: Consider placing a stop-loss around $82,000 to mitigate potential losses.

Take-Profit: Set a take-profit order near $87,000 for a favorable risk-to-reward ratio.

Given the current market conditions, it's advisable to monitor Bitcoin's price closely. A decisive move above $85,000 could present a buying opportunity, while a drop below $83,000 may warrant caution. Always ensure to use proper risk management strategies when trading.

Barron's

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