📊 BTCUSDT Weekly Analysis
Technical Outlook — April 21, 2025
🔍 Current Market Condition:
Bitcoin is trading within a long-term ascending channel on the weekly timeframe. Price is approaching a crucial decision zone around $87,000–$90,000, marked by previous resistance and mid-channel structure.
🧩 Key Technical Highlights:
📈 Possible Scenarios:
Bullish:
Bearish:
📌 Important Note:
BTC is at a pivotal zone; traders should monitor macroeconomic news and market sentiment closely, especially with halving hype potentially priced in.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Technical Outlook — April 21, 2025
🔍 Current Market Condition:
Bitcoin is trading within a long-term ascending channel on the weekly timeframe. Price is approaching a crucial decision zone around $87,000–$90,000, marked by previous resistance and mid-channel structure.
🧩 Key Technical Highlights:
- Price is retesting midline of the ascending channel.
- Stochastic shows potential bullish cross from the oversold area.
- Multiple resistance zones ahead: $90K, $100K, and $110K.
- Support below at $75K and then 54K levels.
- Structure suggests potential for a bounce or a deeper correction.
📈 Possible Scenarios:
Bullish:
- If BTC breaks and holds above $90,000, we may see a continuation towards $100K and $110K.
- A bullish Stochastic cross would strengthen this case.
Bearish:
- Failure to break $90,000 and a rejection from resistance could send BTC back toward $75K or even worse $54K.
- Watch for bearish divergence or weakness in momentum indicators.
📌 Important Note:
BTC is at a pivotal zone; traders should monitor macroeconomic news and market sentiment closely, especially with halving hype potentially priced in.
If you found this analysis valuable, kindly consider boosting and following for more updates.
Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
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.