Bitcoin (BTC) is recovering, but big hurdles remain in April 2025

Updated

April 9, 2025

Gambar Bitcoin (BTC) is recovering, but big hurdles remain in April 2025

Jakarta, Pintu News – Bitcoin experienced a sharp drop below the $80,000 zone and is now in a recovery phase. However, there are some major hurdles to watch out for in the next price movement.

Bitcoin (BTC) Price Recovery

Bitcoin (BTC) recently experienced a drastic decline, breaking important support levels at $82,000 and $81,200, before eventually falling below $80,000. This decline brought Bitcoin (BTC) into a bearish zone, with the lowest price recorded being $74,409. However, not long after, Bitcoin (BTC) started to show signs of recovery by climbing back up past $76,800.

This recovery was reinforced by the rise above the 50% Fibonacci retracement level of the last drop from $83,680 to $74,409. Nonetheless, Bitcoin (BTC) still faces difficulties to resume further gains. Currently, the price is below $81,200 and the 100-hour simple moving average.

Also Read: XRP Price Prediction: Between Deep Correction and Hopes of Rebound in Crypto Market (8/4/25)

Obstacles Faced

On its recovery journey, Bitcoin (BTC) is facing some critical hurdles. The first hurdle is at the $80,500 zone, where there is a bearish trend line formed on the hourly chart of the BTC/USD pair. If Bitcoin (BTC) manages to cross this hurdle, the next hurdle to face is at $81,500, which is the 76.4% Fibonacci retracement level of the last drop.

Furthermore, if Bitcoin (BTC) is able to break through $82,500, this could open up opportunities for a higher rise towards $83,500. If this momentum continues, it is possible that the price will reach $85,000.

Downside Potential

However, if Bitcoin (BTC) fails to break the $80,500 resistance zone, there is a possibility that the price will drop again. Immediate support can be found near $79,500, with the next major support being $78,000.

If the decline continues, the next support is at the $76,500 zone. Losing this support could push the price of Bitcoin (BTC) towards $75,000 in the short term. Critical support is at $74,400, which if broken, could trigger a deeper decline.

Conclusion

Although Bitcoin (BTC) is showing signs of recovery, there are still many hurdles to face. Investors and traders should pay attention to key resistance and support levels to make informed decisions in the face of current market volatility.

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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 and selling Bitcoin and other crypto asset investments are the responsibility of the reader.