The cryptocurrency market today continues to face turbulent waves as Bitcoin, the largest cryptocurrency in the world, is undergoing a significant downward adjustment. As of the morning of April 16, 2025, the price of Bitcoin is trading around 83,409 USD, down 1.56% in the last 24 hours.
1. Price volatility and short-term trends
In the most recent trading session, Bitcoin recorded a high of 86,259 USD and a low of 83,207 USD, indicating that selling pressure is clearly dominant. The current downtrend is pushing $BTC tiến close to strong psychological support levels, and if it cannot hold, the possibility of a deeper adjustment could occur.
2. Technical analysis
Technical indicators are all signaling negatively:
RSI (14): 33.923 is in the oversold zone, warning of the possibility of a deeper decline.
MACD (12,26): -279.8 gives a clear sell signal, the MACD line is below the signal line.
ADX (14): 44.658 indicates that the downtrend is strengthening, with high reliability.
A summary of indicators from multiple time frames shows a 'STRONG SELL' signal, recommending investors to be cautious and wait for clearer reversal signs before new allocations.
3. Macroeconomic factors affecting
A series of factors are putting pressure on the cryptocurrency market:
The tense geopolitical situation, especially between the US and China.
The Federal Reserve's tightening monetary policy, reducing speculative cash flow.
The volatility of the global stock market, causing investors to limit risk.
4. Conclusion
Bitcoin is entering a challenging phase as it continuously faces technical and market sentiment resistance. In the short term, investors should maintain a defensive stance, waiting for clearer recovery signals before making trading decisions.
Recommendation: Avoid buying the dip at the moment if there is no clear risk management strategy. Observe the strong support area around the 80,000 USD mark and only participate when confirmed by volume and positive technical signals.
