Technical Analysis of Bitcoin (BTC) — Binance, April 2025

Current Price: $85,236

Daily Range: $84,375 – $85,500

Support: $84,500 and $82,000

Resistance: $88,700 and $90,000

RSI: around 50 (neutral zone)

Moving Averages: price below the 200-day SMA — signal of possible bearish pressure

Current Dynamics:

After forming a double top and breaking the $90,000 level, BTC corrected to $80,000 and $76,000. Attempts at recovery were rejected.

Scenarios:

Bullish: breaking $88,700 will open the way to $100,000

Bearish: a pullback to $84,500 or even $82,000 if unable to overcome resistance

Fundamentals:

Institutional interest, the development of BTCFi, and strategic purchases support the long-term bullish trend.