Bitcoin Price Projection For April 20, 2025

Bitcoin (BTC) is trading at $84,657.78, recording a mild daily dip of 0.18%. The daily chart reveals a consolidation zone between $78,000 and $88,000, with price hugging the 20-day simple moving average (SMA) at $82,930.39. The Bollinger Bands (BB) are tightening, reflecting compressed volatility—a classic precursor to a breakout. Price movements remain non-committal, but this squeeze pattern often precedes decisive action. Daily MACD Hints at Gradual Bullish Momentum On the daily timeframe, the MACD (12, 26) has formed a subtle bullish crossover. The MACD line has moved above the signal line, and early green bars are appearing on the histogram. While this momentum shift is not yet strong, it indicates that buying pressure is starting to build. Traders should watch for a volume surge, which would confirm bullish intent and signal a potential breakout above current resistance. 4-Hour Chart Forms Bullish Structure with Ascending Triangle Zooming into the 4-hour chart, Bitcoin is displaying a textbook ascending triangle. Higher lows continue to form, while resistance at $86,000 caps the upper boundary. This pattern generally suggests a bullish continuation. The Bollinger Bands are beginning to expand, signaling increased volatility on the horizon. MACD remains in positive territory, reinforcing the potential for an upward breakout if resistance is breached with conviction. 30-Minute Timeframe: Range-Bound with Breakout Potential The 30-minute chart shows short-term consolidation between $84,400 and $85,200, indicating an accumulation phase. The Bollinger Bands are compressed, suggesting that a significant move may be imminent. The MACD has slightly turned downward, pointing to a minor dip before a possible rally. This timeframe highlights market indecision but also provides an ideal setup for intraday traders awaiting breakout confirmation. Key Support and Resistance Levels in Focus Technically, Bitcoin’s structure is well-defined. Immediate support lies at the 20-day SMA of $82,930. Should this level fail, the next significant support sits at $77,996, marked by the lower Bollinger Band. On the upside, resistance stands at $86,000, followed by a breakout threshold near $87,864. A sustained move above this zone could open the door to a rally toward $90,000. These levels will likely dictate short-term market direction. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Macro Sentiment and Market Drivers The broader crypto market maintains a cautiously bullish tone, supported by easing macroeconomic pressures and optimism following Bitcoin’s halving event. Liquidity remains steady, and institutional interest is holding firm. However, traders are waiting for a technical catalyst. Without a strong breakout or fundamental trigger, Bitcoin may continue to range. Still, technical indicators suggest momentum is gradually shifting in favor of the bulls. Price Projection For Today Based on current technical across the daily, 4-hour, and 30-minute charts, Bitcoin is expected to trade within a range of $83,500 to $86,500 today. A confirmed breakout above $86,000 could push the price swiftly toward $88,000, aligning with the upper BB on the daily chart. Conversely, a dip below $82,900 may lead to a retracement toward the $80,000–$81,000 range. Traders should monitor lower timeframes for breakout signals, especially MACD crossovers and Bollinger Band expansions. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Bitcoin Price Projection For April 20, 2025 appeared first on Times Tabloid .

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