📈 Price: $93,626.81 (+1.52%)
⏰ Timeframe: 1 Hour | Date: April 25, 2025
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Current Overview: Bitcoin is bouncing back after a dip to $91,660, now trading at $93,626.81. It has made a nice recovery, but is this just a temporary move or the beginning of a stronger uptrend?
Let’s dive into the technicals!
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Key Technicals:
🔍 Price Action:
Low: $91,660.01
High: $94,444.00
The price is now consolidating just under the recent local high, showing strength but facing resistance.
Overall structure suggests a bullish flag formation.
📊 Moving Averages:
MA(7): $93,344.54
MA(25): $93,140.75
MA(99): $91,300.07
Price is above all major moving averages — bullish momentum looks active!
📈 MACD Analysis:
MACD: -8.03
Signal line (DEA): 142.27
Although MACD is still in negative territory, histogram bars are shrinking, showing momentum might shift toward bulls soon.
🔥 Volume:
24h Volume (BTC): 20,770
24h Volume (USDT): 1.93B
Stable volume indicates buyers are holding their ground after the bounce.
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What’s Next? 🧠
Watch the $94,444 resistance level closely.
If BTC breaks and sustains above it, next target could be near $95,800–96,000.
However, rejection here may push price back toward the $92,000–91,600 support zone.
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Trade Strategy Ideas:
💡
Scalpers:
Quick long with SL below $93,140 (MA25), targeting $94.4K retest.
Swing Traders:
Wait for breakout and retest above $94,500 on volume confirmation.
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My Take:
Bitcoin’s structure is still strong, with MA support, volume stability and a potential breakout setup. But confirmation is key. Be patient, and always use risk management.
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What’s your BTC plan today?
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