BPrice Overview (as of April 9, 2025):
Current Price: ~$69,000 (subject to real-time fluctuations)
Market Structure: Consolidation after recent rally; possible forming of a bullish flag.
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2. Key Levels:
Support Zones:
$66,500 – Strong recent support
$63,000 – Key horizontal level from past price action
Resistance Zones:
$71,200 – Local top / previous rejection area
$73,500 – Next resistance if breakout happens
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3. Indicators:
RSI (1D): Around 58 – healthy and not overbought
MACD: Slightly bullish crossover forming
EMA 50/200: Price is above both EMAs – overall uptrend still intact
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4. Possible Scenarios:
Bullish: Break above $71,200 with volume could lead to a retest of
73K+
Bearish: Losing $66,500 support could push price down to $63K area
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5. Summary:
Bitcoin is currently in a consolidation phase with bullish momentum building up. If the bulls push above $71K, we might see continuation to new highs. Watch volume and global news (especially macroeconomic updates or ETF flows).
Current Price: ~$69,000 (subject to real-time fluctuations)
Market Structure: Consolidation after recent rally; possible forming of a bullish flag.
---
2. Key Levels:
Support Zones:
$66,500 – Strong recent support
$63,000 – Key horizontal level from past price action
Resistance Zones:
$71,200 – Local top / previous rejection area
$73,500 – Next resistance if breakout happens
---
3. Indicators:
RSI (1D): Around 58 – healthy and not overbought
MACD: Slightly bullish crossover forming
EMA 50/200: Price is above both EMAs – overall uptrend still intact
---
4. Possible Scenarios:
Bullish: Break above $71,200 with volume could lead to a retest of
73K+Bearish: Losing $66,500 support could push price down to $63K area
---
5. Summary:
Bitcoin is currently in a consolidation phase with bullish momentum building up. If the bulls push above $71K, we might see continuation to new highs. Watch volume and global news (especially macroeconomic updates or ETF flows).
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Disclaimer
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Get free FOREX and Gold signals!
Join our Telegram channel for 3-7 daily signals:
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Join our Telegram channel for 3-7 daily signals:
t.me/+7zBIVbIHrNo3OTY8
Stay ahead with our expert analysis for #XAUUSD and other forex markets. #forexsignals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.