Will Bitcoin Surge or Fall? Check out the April 2025 Bitcoin Price Consolidation Analysis!

Jakarta, Pintu News – Bitcoin BTC4.50%->Current BTC PriceRp 1.368.370.2724.50%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 has recently shown a steady rise above the $86,500 zone, but is now starting to experience a correction. With its current position, the cryptocurrency is at an important junction that could determine the direction of its next move.

Bitcoin Price Consolidation

After successfully maintaining a position above $84,200, Bitcoin (BTC) began to show recovery by breaking through the $86,500 resistance. This rise continued until it crossed the $88,000 mark, before finally coming under selling pressure around $88,800. The latest price peak was recorded at $88,500 before the decline.

Currently, Bitcoin (BTC) is trading above $86,500 and the 100 hourly simple moving average (100 hourly SMA), which shows strong potential support. There is a bullish trend line forming with support at $87,400 on the hourly chart of the BTC/USD pair. If Bitcoin (BTC) can maintain this momentum, there is a possibility of another attempt to break the $88,000 and $88,500 resistance in the near future.

Also Read: Will Ripple (XRP) Surge? Latest Analysis and Predictions for April 2025

Potential Increase in Bitcoin Price

If Bitcoin (BTC) manages to break the $88,800 resistance, it could be a strong bullish signal for investors and traders. This breakout could open up further upside opportunities towards $89,500, and possibly even reach $90,000 or $90,500.

Any rise above this level will depend heavily on trading volumes and continued market sentiment. Immediate resistance is currently at $88,000, with the next key resistance at $88,500. Market participants will be watching closely to see whether or not Bitcoin (BTC) can maintain its positive momentum.

Bitcoin Price Downside Risk

However, if Bitcoin (BTC) fails to break through the $88,000 resistance zone, there is potential for another decline. Immediate support is at $87,400, followed by the trend line that has formed. The next major support is at $87,150, which is the 61.8% Fibonacci retracement of the upward move from $86,306 to $88,500.

If the selling pressure continues, Bitcoin (BTC) may look for support in the $86,500 zone. A further drop could take the price towards $85,000, and the next major support is at $84,500.

Conclusion

Given the current market conditions, the next move of Bitcoin (BTC) will largely depend on its ability to maintain critical support or break through existing resistance. Investors and traders should monitor technical indicators such as MACD and RSI, as well as follow market developments to make informed investment decisions.

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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 Next Move: $87K. Accessed on March 27, 2025
• Featured Image: Finbold