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Bitcoin Price Analysis: BTC Nears $85K Resistance - April 18, 2025

  • David Wilson
  • Apr 18, 2025
Bitcoin Price Analysis: BTC Nears $85K Resistance - April 18, 2025
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Bitcoin price analysis for April 18, 2025, shows BTC holding just below $85,000 resistance, trading at $84,539. This analysis explores key technical indicators including MA50, MA200, RSI, and MACD to assess the next potential move in the crypto market.

Bitcoin Price Analysis: Moving Averages Signal Bearish Bias

Bitcoin continues to trade beneath both the 50-day (MA50) and 200-day (MA200) moving averages. This technical pattern, known as the death cross, reinforces a bearish long-term outlook. Price action is attempting to test the MA50 from below, and a successful break could signal the start of a trend reversal.

source: cTrader

RSI Indicator: Neutral Reading with Bullish Hints

The Relative Strength Index currently hovers just under the neutral 50 level, indicating indecision among traders. However, slight upward movement on the RSI chart may be an early sign of improving sentiment. A close above 50 would provide stronger validation for a bullish shift.

MACD Momentum: Crossover Indicates Possible Trend Reversal

The MACD line has crossed above the signal line, forming a bullish crossover. This is often considered an early indicator that market sentiment may be turning. While not a standalone confirmation, the MACD supports other signs of potential upside pressure for BTC.

BTC Support and Resistance Levels to Watch

  • Resistance: $85,000 – A breakout above this level could lead to a rally toward $90,000.
  • Support: $80,000 – A drop below this may bring $75,000 into focus.
  • Breakout Zone: A daily close above MA200 would likely confirm a bullish shift.

Bitcoin Market Summary – April 18, 2025

This bitcoin price analysis reflects a market still caught between bearish long-term indicators and emerging bullish signals. While moving averages remain negative, both RSI and MACD are showing encouraging signs. Traders should keep an eye on the $85K resistance zone, where volume could determine whether BTC continues upward or reverts to the current range.
Stay tuned for the latest updates right here on FIXIO Blog.
※Disclaimer: This content is provided for informational purposes only and does not constitute investment advice. Please be sure to conduct your own research.
Bitcoin Price Analysis: BTC Nears $85K Resistance - April 18, 2025

Bitcoin price analysis for April 18, 2025: BTC trades near $84,539. Is $85K breakout coming? Key levels and indicator insights here.

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David Wilson
Author

David Wilson has extensive experience in currency and commodities trading. He began his career in metal sales and trading at Societe Generale in London. He went on to work as a senior analyst within the FX industry where he developed and refined his own trading and risk management strategies. Having a solid understanding of market dynamics, he founded his own research and asset management services and works with FIXIO to provide timely market commentary on the global financial markets.

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