Market Analysis for Bitcoin (BTC/USD) – April 10, 2025
Price Action Overview:
- Bitcoin (BTC) is currently consolidating between 79,161 and 81,520, with price action forming within this range. A move to 79,161 has been achieved, completing the target and fulfilling the bearish target outlined earlier.
- BTC seems to be struggling around 81,500, and is showing potential signs of exhaustion at the upper end of the range near the resistance zone.
Key Levels to Watch:
1. Resistance Zone (Red Box):
- The resistance level is clearly marked near 82,000 and 81,500, with price struggling to break above this level. If Bitcoin fails to break out of this resistance zone, the price could reverse towards support levels.
- The upper resistance zone remains a key level…
[5:54 am, 10/04/2025] ChatGPT: - An FVG (Fair Value Gap) is evident in the 79,161 to 78,500 region. This could act as an area to fill, and could potentially see price retracement or sideways consolidation before a possible move up.
Market Structure Analysis:
- Bearish Trend: Bitcoin's price has been on a downward trend forming a descending triangle, indicating bearish sentiment.
- Breakout Potential: A breakout from the current consolidation zone will be important. Bitcoin will likely test 79,161 again. If it fails to hold support, further downside may be possible.
Volume & Momentum:
- Volume: The volume analysis shows increasing buying volume at lower levels, suggesting potential support around 79,161. However, the volume is diminishing at resistance levels, which indicates that bullish…
Price Action Overview:
- Bitcoin (BTC) is currently consolidating between 79,161 and 81,520, with price action forming within this range. A move to 79,161 has been achieved, completing the target and fulfilling the bearish target outlined earlier.
- BTC seems to be struggling around 81,500, and is showing potential signs of exhaustion at the upper end of the range near the resistance zone.
Key Levels to Watch:
1. Resistance Zone (Red Box):
- The resistance level is clearly marked near 82,000 and 81,500, with price struggling to break above this level. If Bitcoin fails to break out of this resistance zone, the price could reverse towards support levels.
- The upper resistance zone remains a key level…
[5:54 am, 10/04/2025] ChatGPT: - An FVG (Fair Value Gap) is evident in the 79,161 to 78,500 region. This could act as an area to fill, and could potentially see price retracement or sideways consolidation before a possible move up.
Market Structure Analysis:
- Bearish Trend: Bitcoin's price has been on a downward trend forming a descending triangle, indicating bearish sentiment.
- Breakout Potential: A breakout from the current consolidation zone will be important. Bitcoin will likely test 79,161 again. If it fails to hold support, further downside may be possible.
Volume & Momentum:
- Volume: The volume analysis shows increasing buying volume at lower levels, suggesting potential support around 79,161. However, the volume is diminishing at resistance levels, which indicates that bullish…
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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.
Related publications
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.