Wow!

$BTC

#asaksocial

Predicting Bitcoin’s price movement for the weekend of April 19-20, 2025, involves assessing current market dynamics. After rebounding from $74,300 to $81,700, Bitcoin shows resilience but faces uncertainty. Technical analysis suggests a 60% chance of consolidating between $78,000-$84,000, as it tests the 50-day moving average ($85,589). Support at $79,000, with 40,000 BTC accumulated there, could hold firm, per on-chain data. However, a rising wedge pattern on short-term charts indicates a 30% probability of a dip to $78,000-$80,000 if selling pressure mounts, especially with low weekend liquidity. A breakout above $84,000 has a 10% likelihood, needing strong volume to challenge resistance at $88,000. Global trade tensions and equity correlations add volatility risks. While ETF inflows and regulatory optimism support upside, a deeper correction to $71,000 remains possible if macroeconomic fears escalate, though less likely this weekend.