#TrumpVsPowell
Bitcoin (BTC) Market Summary – April 20, 2025
Current Price: Around $85,895 with a 1.44% daily increase.
Trend: Bullish momentum continues.
Technical Indicators:
MACD: Shows a bullish crossover, indicating upward movement.
RSI: At 68, close to overbought but still has room to rise.
Moving Averages: A "golden cross" pattern supports a continued uptrend.
Key Levels:
Resistance: BTC faces resistance between $89,000 and $94,000.
Support: Strong support is seen around $80,000–$81,000.
On-Chain Activity:
Whales (big investors) are buying 3 times more BTC than what's being mined daily—showing strong confidence.
Market Sentiment:
Analysts predict possible near-term highs of $99,883, and some expect it could reach $126,443 by the end of April.
Conclusion:
Bitcoin is showing strength and could continue to rise, but traders should watch resistance levels and stay ready for potential price swings.
