Bitcoin Today: Bullish or Bearish? (April 21, 2025)

Today, Monday, April 21, 2025, Bitcoin (BTC) shows a strong bullish trend.

The current price of Bitcoin is around $87,112, up about 3.43% in the last 24 hours. This increase marks a breakout from the previous price consolidation between $83,000 and $86,000. Technical analysts project potential further gains towards the range of $90,000–$92,000, which previously was a strong support zone.

Technical analysis supports this bullish outlook:

Moving Averages: The current price is above the 10 and 20-day moving averages (buy signal), but still below the 100 and 200-day MA (sell signal).

RSI (Relative Strength Index): RSI is around 52.92, indicating neutral conditions (not overbought or oversold).

MACD (Moving Average Convergence Divergence): The current MACD value is negative (sell signal), but needs to be confirmed with other indicators.

Conclusion: Although there are mixed signals from technical indicators, the latest price breakout and market momentum support a bullish outlook for Bitcoin in the short term.