Bitcoin (BTC) Shows Strong Recovery, Will it Continue to Rise in April 2025?

Jakarta, Pintu News – The Bitcoin (BTC) market has recently shown stronger signs of recovery after successfully surpassing the $82,500 zone. With the momentum continuing to increase, the opportunity for Bitcoin (BTC) to reach higher levels is increasingly open.

Bitcoin (BTC) Recovery Reaches New Momentum

After moving steadily above the $82,000 level, Bitcoin (BTC) started to show a significant recovery wave. With the support of buyers, the price managed to break the $83,500 and $85,000 resistances. Despite some selling pressure at the $86,500 resistance zone, Bitcoin (BTC) managed to record a new high of $85,591 before correcting.

The correction did not last long, as the price stabilized above the $85,000 level again. Currently, Bitcoin (BTC) is trading above $85,200 and is getting strong support from the 100 hourly simple moving average. There is also a bullish trend line formed that provides support at $85,200 on the hourly chart of the BTC/USD pair.

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Bitcoin (BTC) Price Increase Potential

With the current conditions, the immediate resistance is near the $86,000 level. The first key resistance is at $86,500, followed by $87,200. If Bitcoin (BTC) manages to close above the $87,200 resistance, it could push the price to test the $88,500 level. Further gains could even take the price towards $88,800 or $90,000, opening up great opportunities for investors and traders.

This bullish trend is supported by technical indicators that depict positive conditions. The hourly Moving Average Convergence Divergence (MACD) indicator shows increasing momentum in the bullish zone. Meanwhile, the hourly Relative Strength Index (RSI) for BTC/USD is now above the 50 level, signaling a dominant buyer power in the current market.

Possible Bitcoin (BTC) Price Drop

However, if Bitcoin (BTC) fails to break through the $86,500 resistance, there is a possibility that the price will experience a fresh decline. Immediate support can be found at $85,500, with the next major support at $85,200 or the 50% Fibonacci retracement level of the upward move from $83,667 to $85,591.

The next support is at the $84,500 zone. If the decline continues, the price could head to the short-term support at $83,000. The key support is at $81,500, which could be the tipping point for Bitcoin (BTC) to maintain the bullish trend or experience further declines.

Conclusion

With various technical factors in its favor, as well as growing interest from investors, Bitcoin (BTC) seems to be on track for further recovery. However, it is important for market participants to stay alert to potential key resistances and supports that could influence the direction of future price movements.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Price Recovery to $85K. Accessed on March 25, 2025
• Featured Image: Generated by AI