BTCUSD analysis shows Bitcoin (BTC/USD) testing a critical resistance level around $94,681 as of April 2025. Traders are monitoring key indicators such as the 50-period moving average (MA50), 200-period moving average (MA200), Relative Strength Index (RSI), and MACD for possible breakout signals.This detailed BTCUSD analysis will help you understand the current trend and anticipate Bitcoin’s next move. Whether you're a trader or an investor, stay informed with this actionable breakdown.
source: cTrader
On the 1-hour chart, BTCUSD has been trading steadily above both its MA50 and MA200. After a brief consolidation phase, momentum shifted strongly upward around April 23rd, with a significant rise in buying volume. Currently, Bitcoin faces strong resistance near $94,681, a key psychological and technical level that could determine its next directional move.
Key Insight: Bitcoin's price remains bullish above the MA50 and MA200.
The RSI remains just below the overbought zone at 70. Though not extreme yet, the RSI suggests a short-term top might be forming, based on the latest BTCUSD analysis. Key Insight: A short consolidation or mild pullback could occur, but RSI strength above 60 typically supports bullish continuation.
The MACD (Moving Average Convergence Divergence) indicator remains bullish:
Key Insight: BTCUSD analysis confirms continued upward momentum as long as MACD maintains this configuration.
Based on the current BTCUSD analysis:
Bitcoin needs to decisively break above $94,681 to target $97,000 or even $100,000. Otherwise, a pullback toward the $91,000 - $92,000 support range is likely.
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※Disclaimer: This content is provided for informational purposes only and does not constitute investment advice. Please be sure to conduct your own research.
BTCUSD analysis for April 2025: Bitcoin tests key resistance at $94,681. Find out the latest on MA50, MA200, RSI, and MACD.
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