Bitcoin (BTC) – Update on April 24, 2025
Current Price: ~$92,562 USD
24h Change: Approximately -1.07%
Market Capitalization: ~$1.83 trillion USD
24h Trading Volume: ~$32.1 billion USD
Circulating Supply: ~19.7 million BTC
All-Time High: ~$109,000 USD (November 2021)
📊 Technical Analysis
Overview
Signal: "Buy" – Strong short-term bullish trend.
Moving Averages: BTC has surpassed its 50-day, 100-day, and 200-day moving averages, indicating a long-term bullish trend.
Oscillators: Indicators like RSI and MACD show positive signals, supporting the current upward momentum.
Specific Indicators
RSI (14): 61.45 – Mild upward momentum, not yet in overbought territory.
MACD (12,26): 0.40 – MACD is above the signal line, indicating a bullish trend.
Stochastic (9,6): 61.75 – Not in the overbought zone, with potential for further gains.
ADX (14): 28.93 – The current trend is strong, though not yet dominant.
CCI (14): 55.75 – Neutral, with a slight bullish inclination but no strong confirmation yet.
Support and Resistance Levels
Nearest Support: $91,800
Nearest Resistance: $94,000
Next Major Target: $100,000
📈 Trend Outlook
Bitcoin is currently in a stable uptrend in the short term. While the RSI and MACD aren’t showing excessively strong signals, BTC is well-supported by long-term moving averages, which indicate a positive outlook for the longer term. Trading volume remains solid, suggesting investor interest continues to be high.
📌 Recommended Strategy
Short-Term: Consider buying if the price consolidates around $92,500, with a take-profit target near $94,000.
Long-Term: If the price breaks above $94,000, it may be a good opportunity to expand positions with a long-term target above $100,000.