#ShareYourThoughtOnBTC
BITCOIN TODAY 💹
04-07-25
Bitcoin's current trend is slightly bullish, with its price hovering around $108,929.99. According to tradeCompass, Bitcoin futures are above the $108,800 bullish threshold, indicating a bullish stance. However, the market is considered stretched, and a pullback to VWAP zones ($109,300–$109,600) could offer a more favorable setup .
Key Indicators:
- Bullish Targets: $110,970, $111,250, $111,900, and $113,175
- Bearish Targets: $107,790, $107,550, $106,435, and $105,555
- Critical Level: A move below $108,500 would flip the bias bearish, signaling weakening bull control
Market Sentiment:
The current market sentiment is neutral to bearish, with price action below the pivot and a neutral RSI. Some analysts predict a potential drop due to bearish patterns, while others foresee a bullish continuation, citing historical support and resistance levels .
Technical Analysis:
- RSI: Neutral trend, with some indicators suggesting a potential reversal zone
- ADX: Weak trend
- Moving Averages: Some crossover supports a cautious outlook
Given the conflicting signals, it's essential to monitor Bitcoin's price movement and adjust strategies accordingly. Some predictions suggest a potential bounce from support, followed by a rally toward new highs, targeting $120K+ .
