Bitcoin (BTC) Drops After Rally, Time to Enter? Bitcoin (BTC) April 2025 Recent Price Analysis

Jakarta, Pintu News – After experiencing a steady rise above the $85,500 zone, Bitcoin BTC4.88%->Current BTC PriceRp 1.366.588.2934.88%Market Cap-Trading Volume-Circulating Supply- price is now experiencing a correction from its peak at $88,750. This correction opens up opportunities for investors to consider ideal entry points. With support likely to emerge around $86,500, the opportunity to buy at lower prices is a topic of interest for market participants.

Bitcoin (BTC) Recent Price Analysis

Bitcoin (BTC) managed to maintain its stability above the $83,200 level, forming a solid base for price recovery. This recovery wave pushed the price past the $85,500 and $88,000 resistances. However, the price faced selling pressure near the $88,800 resistance zone, reaching a high of $88,750 before finally undergoing a correction.

The correction saw the price drop below the 23.6% Fibonacci retracement level of the upward move from $83,665 to $88,750. Currently, Bitcoin (BTC) is trading above $86,200 and the 100-hour simple moving average. There is also a bullish trend line formed with support at $86,800 on the hourly chart of the BTC/USD pair.

Also Read: Why is Bitcoin (BTC) Following the 2024 Summer Trend? Check out the Next Prediction!

Potential Resistance and Support

In the short-term, Bitcoin (BTC) faces immediate resistance near the $87,200 level. The first key resistance is at $87,500, followed by $88,000. A close above the $88,000 resistance could push prices higher, with the potential to reach $88,800 or even $89,500 and $90,000.

If Bitcoin (BTC) fails to break the $87,500 resistance zone, there is a possibility that the price will drop again. Immediate support is at $86,800, followed by major support at $86,200, which is the 50% Fibonacci retracement level of the same rise. Further support is at the $85,500 zone, with the next major support at $84,500.

Technical Indicators and Short-Term Predictions

The Moving Average Convergence Divergence (MACD) indicator is currently losing momentum in the bullish zone, while the Relative Strength Index (RSI) for BTC/USD is above the 50 level. This suggests that despite the downside potential, there are still forces in the market that could push the price back up.

Considering the existing support and resistance, investors and traders should keep an eye on the key levels mentioned to take the right decisions. The next price movement will largely depend on Bitcoin’s (BTC) ability to maintain a position above the simple moving averages and trend lines present.

Conclusion

Bitcoin’s (BTC) price correction after the latest rally offers a potentially attractive opportunity for investors to enter at lower levels. By monitoring technical indicators and support and resistance levels, market participants can navigate the market more effectively. The decision to buy at this point should be based on careful analysis and an understanding of the current market dynamics.

Also Read: Lighter Tariff Hike Triggers Altcoin Surge: Solana, DOGE, and ADA Shine

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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

• NewsBTC. Bitcoin Price Rally To $88K? Here’s Why It Could Happen. Accessed on March 26, 2025
• Featured Image: Generated by AI