Bitcoin (BTC/USD) Technical Analysis – April 4, 2025 📉
🔹 Current Price: $83,131.28
🔹 Timeframe: 15M
📌 Key Supply Zones (Resistance Levels):
🔴 $83,688.08 – Immediate resistance
🔴 $85,287.31 – Major supply zone
📌 Key Demand Zone (Support Level):
⚫ $81,523.24 – Potential downside target
📉 Bearish Scenario:
If BTC faces rejection at $83,688.08, it could trigger a sell-off towards $81,523.24, making it a crucial level for further movement.
📈 Bullish Scenario:
A breakout above $85,287.31 could lead to further bullish momentum and new highs.
⚡ Trading Tip:
✅ Wait for confirmation at $83,688.08 before entering short positions.
✅ Use proper risk management strategies.
✅ Keep an eye on $81,523.24 as a potential reversal zone.
#FXFOREVER #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #PriceAction #TechnicalAnalysis
🔹 Current Price: $83,131.28
🔹 Timeframe: 15M
📌 Key Supply Zones (Resistance Levels):
🔴 $83,688.08 – Immediate resistance
🔴 $85,287.31 – Major supply zone
📌 Key Demand Zone (Support Level):
⚫ $81,523.24 – Potential downside target
📉 Bearish Scenario:
If BTC faces rejection at $83,688.08, it could trigger a sell-off towards $81,523.24, making it a crucial level for further movement.
📈 Bullish Scenario:
A breakout above $85,287.31 could lead to further bullish momentum and new highs.
⚡ Trading Tip:
✅ Wait for confirmation at $83,688.08 before entering short positions.
✅ Use proper risk management strategies.
✅ Keep an eye on $81,523.24 as a potential reversal zone.
#FXFOREVER #Bitcoin #BTCUSD #CryptoTrading #SmartMoney #PriceAction #TechnicalAnalysis
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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.
fxforever
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.