📊 Current Price Situation
• Current price: ~$83,833
• 24h volatility: -1.44%
• Daily trading range: $83,207 – $85,311
Bitcoin is fluctuating around the $83,000–$85,000 range, indicating accumulation after the correction from the peak of $109,000 earlier this year. Despite a slight recovery recently, the market is still in a 'wait and see' state before determining the next trend.
📉 Technical Analysis
• RSI index: 52.45 – indicates the market is in a neutral state.
• MACD: -611.35 – slight bearish signal.
• 50-day EMA: $85,516.54
• 200-day EMA: $87,461.88
The fact that BTC is trading below both of these important EMA lines indicates selling pressure remains. However, if the price can break through these resistance levels, an upward trend may be re-established.
🔮 Predictions and Outlook
• Short term (end of April): Price is expected to rise to around $95,368.79, equivalent to an increase of 11.27% compared to the current level.
• Medium term (Q2/2025): Some optimistic predictions suggest that BTC could reach $126,612, reflecting an increase of about 50% if the positive trend continues.
• Long term (end of 2025): Organizations like Bitwise and Standard Chartered predict BTC could reach $180,000–$200,000, depending on factors such as monetary policy and broader market acceptance.
⚠️ Risks and Notes
• 'Death cross' signal: The crossover between the 50-day and 200-day moving averages may occur, often seen as a bearish signal. However, this signal does not always lead to a significant decline.
• Fear & Greed index: Currently at 38 (Fear), indicating market sentiment is still cautious.
