Bitcoin Market Analysis on April 15, 2025

Bollinger Band Indicator: From the one-hour chart, the Bollinger Bands are opening upwards, currently corresponding to indicators 85378-84116, with the middle band corresponding to indicator 84749. Currently, Bitcoin is in a consolidation phase above the middle band.

MA5 and MA10 have crossed with a golden cross upwards, MA5 corresponding to 84939 and MA10 corresponding to 84839, the market is entering a phase of rising consolidation. Support below is at 83640.

MACD fast and slow lines have crossed with a golden cross upwards, bullish momentum is gradually strengthening as the market enters a rising consolidation trend.

RSI indicator has crossed with a golden cross upwards, corresponding indicators are 77-65, indicating an overbought phase.

Currently, Bitcoin's lowest point yesterday was 83000, the second lowest point at 83969 did not break the previous low, rebounding to 85283.

There is a price resistance at 85217 above, and support at 84194 below. Currently, from the candlestick chart, the market is entering a rising phase.