$BTC Weekly Forecast
As of April 21, 2025, Bitcoin (BTC) is trading around $85,275. Here's the weekly forecast for April 21–25, 2025:
Weekly Forecast (April 21–25, 2025):
Support Level: Analysts anticipate a potential dip to the support area near $82,605.
Resistance Level: If BTC rebounds, it could target levels above $108,305.
Bearish Scenario: A break below $72,305 may indicate further decline towards $64,505.
Market Sentiment:
The market is currently experiencing a bearish correction within a bullish channel. Moving averages suggest an upward trend, but caution is advised due to potential volatility.
Technical Indicators:
Relative Strength Index (RSI): A rebound from the support line on the RSI could signal a bullish continuation.
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Moving Averages: Prices are testing areas between signal lines, indicating pressure from buyers.
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Conclusion:
This week, BTC may test support near $82,605 before potentially rebounding towards $108,305. However, a break below $72,305 could lead to further declines. Traders should monitor key support and resistance levels closely.
