ANALYSIS #BTC ON APRIL 15: IS THIS THE BOTTOM?

BTC is currently at 84,600 and still within the sideways range of 82,700 – 86,000. Previously, the price experienced a strong increase but continuously failed at the resistance zone of 85,500 – 86,000, indicating that buying pressure is starting to weaken. The level at 82,700 is an important support area: if broken, I think BTC could fall to 79,000, or even deeper around 72,000.

TECHNICAL ANALYSIS H1:

RSI is still at a neutral level,

MACD momentum is gradually weakening

Volume is decreasing

In my opinion, the buying side may still be cautiously bottom-fishing in the area of 76. BTC is in a sideways state; if the bottom of the box at 82,700 is broken, the next target will be for BTC to return to 79,000 and 72,000, with tails possibly extending to the area of 68-69k. Conversely, if BTC breaks through the 86k area, the next target will be 89k before reversing into a downtrend.

In my personal view, I lean more towards a downward sideways trend. Keep an eye on the yellow area, everyone.