🟡 Bitcoin – Daily Update (April 20, 2025)

📊 Price Overview

• Current Price: ~$84,994 USD

• 24h Change: -0.35%

• Range Today: $84,027 – $85,324  

Bitcoin remains in a consolidation phase, fluctuating between $83,000 and $86,000 over the past week. Analysts suggest that unless the price falls below the key support level of $49,140, the current bullish trend remains intact. 

📰 Market Highlights

• Institutional Investment Surge: Recent data indicates a significant increase in institutional investments in Bitcoin, challenging the theory of diminishing returns and suggesting sustained interest from large-scale investors. 

• Easter Weekend Trading: During the Easter weekend, Bitcoin reached a record high of $84,600, marking the highest value in the past 17 years. 

• Liquidation Imbalance: A significant 13,520% long-to-short liquidation imbalance was observed, with $9.62 million in longs wiped out compared to just $71,000 in shorts. 

$BTC

🔍 Technical Indicators

• RSI (Relative Strength Index): 72 – indicating that Bitcoin is approaching overbought territory. 

• MACD (Moving Average Convergence Divergence): Bullish crossover observed, suggesting sustained upward momentum.