$BTC 🚀 Bitcoin ($BTC ) Technical Analysis – April 16, 2025
Bitcoin is currently trading at $84,196, experiencing a slight dip of 1.08% from the previous close the intraday high reached $86,259, while the low stood at $84,181
🔸 Key Levels to Watch:
Resistance: $86,259 (recent high)
Support: $84,181 (recent low)
🔸 Market Sentiment: The market remains bullish, with Bitcoin holding strong above key support levels Traders should monitor these levels for potential breakout or breakdown opportunities
🔸 Trading Strategy:
Long Position: Consider entering if BTC breaks above $86,259, targeting higher resistance levels.
Short Position: Consider entering if BTC drops below $84,181, with a stop-loss set just above this level.
🔸 Note: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.