Bitcoin (BTC) – Update April 23, 2025
Current Price: $94,288
Market Capitalization: $1.87 trillion
24h Trading Volume: $59.04 billion
Circulating Supply: 19,855,056 BTC
Maximum Supply: 21,000,000 BTC
All-Time High: $108,786 (December 17, 2024)
📊 Technical Analysis
RSI (14): 77.37 – In the overbought zone, indicating strong upward momentum but also signaling a possible short-term correction.
MACD (12,26): 1,291.9 – Strong buy signal, confirming the ongoing bullish trend.
Stochastic (9,6): 99.13 – Deep in the overbought zone, warning of a potential near-term pullback.
ADX (14): 79.45 – Very strong trend, confirming the current bullish momentum.
CCI (14): 141.97 – Bullish signal, suggesting robust buying pressure.
📈 Trend Outlook
Bitcoin is currently in a strong uptrend, breaking above $94,000 for the first time since early March. This rally is supported by positive market sentiment and new capital inflows into the crypto sector. However, technical indicators such as RSI and Stochastic suggest that BTC is in overbought territory, which may lead to a short-term correction before continuing the upward movement.
🎯 Suggested Strategy
Short-Term: Investors should remain cautious due to the overbought conditions. Waiting for confirmation signals before entering new positions is advised.
Long-Term: The bullish trend remains intact, with technical indicators supporting continued upside. Long-term investors may consider gradual accumulation, especially on pullbacks to key support levels.