Bitcoin (BTC/USDT) Price Analysis -Binance Square - 04/22/2025

#Bitcoin #BTC #TechnicalAnalysis #Cryptocurrencies📊 Market Overview

On 04/22/2025, Bitcoin (BTC) is trading at approximately $90,990.40, with a market cap of ~$1.75 trillion, per recent data. After hitting an all-time high of $109,464.94 on 01/20/2025, BTC is in a consolidation phase with moderate volatility (2.94% over the last 30 days). Market sentiment is neutral to bullish (Fear & Greed Index: 47), driven by institutional adoption and ETFs.🔍 Technical Analysis (Daily Chart - D1)Support and Resistance:Key Support: $84,440 - $87,600 (50-day moving average and recent consolidation zone).Immediate Resistance: $95,000 - $100,000 (psychological level and recent high).Secondary Support: $76,000 (critical level in case of correction).Indicators:RSI (14): 58.80, indicating a neutral market, neither overbought nor oversold.Moving Averages: The 50-day MA ($84,642) is above the 200-day MA ($86,317), suggesting a medium-term uptrend. However, the 200-day MA’s slight decline since 04/18 signals caution for the long term.Volume: Declining trading volume indicates lower selling pressure but also a lack of buying momentum to break $100,000.Chart Pattern: BTC is in a descending triangle on the weekly chart, with potential for a bullish breakout above $95,000. A bullish engulfing pattern on the weekly chart reinforces buyer momentum.📈 April 2025 Price OutlookBullish Scenario: If BTC breaks $95,000 with rising volume, it could test $100,000 - $109,000 by late April, supported by ETF inflows and institutional adoption. Analysts predict an average price of $107,370.61, with a high of $127,131.16.Bearish Scenario: Failure to hold $87,600 may lead to a correction toward $76,000 - $80,000, especially with low volumes or negative macroeconomic news (e.g., Trump’s tariff policies). Projected low: $87,610.05.Long-Term: For 2025, forecasts range from $135,000 (ZebPay) to $200,000 (Bitwise, VanEck), with optimistic peaks at $250,000 (Tom Lee). The 2024 halving and global adoption support the bullish outlook.