BTC/USD | 1D Chart | April 2025
📊 Technical Analysis:
Bitcoin is maintaining its bullish structure within a well-defined ascending channel. The price has bounced off the lower trendline (green), which has provided strong support multiple times (see green arrows).
Currently, BTC is consolidating near $83,800, and a breakout from this zone could initiate the next impulsive move towards the midline and upper trendline resistance (~$128,000).
Support Levels: ~$80,000 (trendline)
Resistance Levels: ~$90,000, ~$110,000, and ~$128,000
Bullish Trigger: A confirmed breakout above $90,000 could signal strong continuation
🌍 Fundamental Analysis:
Bitcoin Halving (April 2024): Historically, BTC rallies post-halving due to reduced supply. The next supply shock could fuel a rally.
Institutional Demand: Spot Bitcoin ETFs continue to see record inflows, with firms like BlackRock and Fidelity accumulating BTC aggressively.
Macroeconomic Factors: With inflation concerns persisting, investors are turning to Bitcoin as a hedge, pushing prices higher.
📈 Trade Idea:
Entry: $84,000 (Breakout Confirmation)
Stop Loss: $79,000 (Below Trendline)
Target Range: $110,000 – $128,000 (Channel Resistance)
📊 Technical Analysis:
Bitcoin is maintaining its bullish structure within a well-defined ascending channel. The price has bounced off the lower trendline (green), which has provided strong support multiple times (see green arrows).
Currently, BTC is consolidating near $83,800, and a breakout from this zone could initiate the next impulsive move towards the midline and upper trendline resistance (~$128,000).
Support Levels: ~$80,000 (trendline)
Resistance Levels: ~$90,000, ~$110,000, and ~$128,000
Bullish Trigger: A confirmed breakout above $90,000 could signal strong continuation
🌍 Fundamental Analysis:
Bitcoin Halving (April 2024): Historically, BTC rallies post-halving due to reduced supply. The next supply shock could fuel a rally.
Institutional Demand: Spot Bitcoin ETFs continue to see record inflows, with firms like BlackRock and Fidelity accumulating BTC aggressively.
Macroeconomic Factors: With inflation concerns persisting, investors are turning to Bitcoin as a hedge, pushing prices higher.
📈 Trade Idea:
Entry: $84,000 (Breakout Confirmation)
Stop Loss: $79,000 (Below Trendline)
Target Range: $110,000 – $128,000 (Channel Resistance)
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.
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.