Bitcoin Trading Update – April 20, 2025

Market Overview:

Bitcoin is currently trading around $84,414, showing a 0.95% drop in the last 24 hours. Despite the slight correction, bullish momentum remains strong with an RSI of 62.

Key Levels:

Support: $81,000 – $82,000

Resistance: $86,000 – $88,000

Whale Activity: Whales are buying over 3x the daily mined supply, signaling strong accumulation.

Recent Volatility:

BTC faced a drop to $83,800 over the Easter weekend, with $9.6M in long positions liquidated.

Trading Strategy:

Intraday:

Entry: $84,000

Target: $86,000

Stop Loss: $82,500

Swing Trade:

Entry: $84,000 – $85,000

Target: $88,000 – $89,000

Stop Loss: $81,000

Investor Note:

Long-term holders may consider this a healthy consolidation phase with strong whale support and rising institutional interest.#SaylorBTCPurchase #BNBChainMeme #BinanceAlphaAlert #BinanceLeadsQ1