Analysis of BTC this afternoon
Bitcoin (BTC)
$85,812.00
+$1,130.00
(+1.33%)
Today
📊 Technical analysis of Bitcoin (BTC) on April 15, 2025
1. Technical indicators
RSI (14 days): Currently at 18.07, indicating that BTC is in the oversold zone, which may lead to a short-term recovery.
Moving Average (MA):
MA50: BTC is trading below MA50, confirming a short-term downtrend.
MA200: The current price is also below MA200, indicating a long-term downtrend.
MACD: The MACD line has crossed below the signal line, indicating a bearish signal.
Fibonacci Retracement: BTC is testing the support level at Fibonacci 0.618 (~$84,000). If it holds, a recovery may occur.
2. Support and resistance levels
Important support: $84,000, $83,578, and $82,000.
Short-term resistance: $85,500, $87,453, and $90,000.
3. Market sentiment
Fear & Greed Index: At 31 (Fear), reflecting cautious investor sentiment.
Investor sentiment: The stability of BTC in the current price range indicates the market is in an accumulation phase, awaiting new stimulus factors.
🔮 Short-term forecast
Bullish scenario: If BTC holds above the support level of $84,000 and RSI recovers, the price may target resistance levels of $85,500 and $87,453.
Bearish scenario: If it breaks below $83,000, BTC may drop further to $73,000, with the possibility of continuing down to $62,500 if selling pressure increases.
📌 Conclusion
Bitcoin is at an important support level around $84,000. Technical indicators suggest the potential for recovery if this level is maintained. However, investors should closely monitor appropriate TP and SL.
This is just an analysis based on the sources I compiled, hoping it is helpful for everyone 😅
