Bitcoin fails to break $86.8k, will there be another drop in April 2025?

Jakarta, Pintu News – Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- has not shown strong signs of recovery in recent times. While a slight price increase is possible, the current market structure suggests that selling pressure still dominates. This analysis will delve deeper into the potential future price movements of Bitcoin (BTC), considering various technical indicators.

Bearish Market Structure

On the daily chart, Bitcoin (BTC) is still showing a consistent bearish structure. The On-Balance Volume (OBV) indicator has been showing a downward trend since February, signaling that the selling pressure is still very strong. This confirms the possibility that Bitcoin (BTC) could experience further declines in the near future.

Although OBV has registered a low rise in the past ten days, this is not enough to indicate significant buying. This lack of demand has been unable to offset the selling pressure that has been ongoing since February, adding to concerns about the potential for further price declines.

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Potential Price Movement

Bitcoin (BTC) is currently in a new price range, with the mid-level at $86.9k having been tested several times as support and resistance. If the price drops below $83k, it could trigger a new bearish trend, while a break above $86.8k could start a bullish trend.

The two-week liquidation map shows that the nearest liquidity cluster is at $88k, which could pull Bitcoin (BTC) price in that direction before experiencing bearish rejection. Therefore, it is important for traders to prepare for this scenario and monitor the price reaction at both resistance levels closely.

Trading Conclusion and Strategy

With volatile market conditions, it is imperative for traders to be cautious, especially for bulls. Technical analysis suggests that if $86.8k is successfully converted into support, it may be safe to consider a long position. However, the liquidation map suggests that this may not be entirely true.

Traders are advised to monitor the price reaction at $86.8k and $88k resistance. Rejection at either of these points could be an opportunity to short-sell. Given the current market structure, caution is key in making investment decisions.

Conclusion

Despite the potential for a minor price increase, the Bitcoin (BTC) market structure is still showing bearish signs. Investors and traders should remain vigilant and consider all technical indicators before making trading decisions. Monitoring key levels and market reactions will be crucial in determining the next direction of Bitcoin (BTC) price.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Bitcoin bulls struggle to breach $86.8k resistance; will bears make a comeback?. Accessed on March 25, 2025
• Featured Image: Generated by AI