Bitcoin USD Soars as Bitcoin Price Evaluation Unveils Fresh Technical Perspectives
Bitcoin USD is climbing again, with experts pointing to a potential $90K retest ahead. As Bitcoin’s price shifts in 2025 continue to capture significant interest from both traders and investors, recent Google Trends data highlights an increase in searches related to Bitcoin price movements and technical analysis, indicating a heightened need for clear market insights.
Higher highs, and higher lows.
Keep it straightforward.#Bitcoin pic.twitter.com/wv4fVE3BHY
— Jelle (@CryptoJelleNL) April 15, 2025
This article examines the latest BTC chart formations, essential price floor and barrier level zones, and indicators like RSI and moving averages. Whether you’re trading or investing, these technical insights provide guidance through the unpredictable crypto market.
Simplicity is a crucial aspect of technical analysis. Overcomplicating with too many lines can lead to confusion, making entry points harder to determine.
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BTC Price Analysis: Identifying Key Levels for Bitcoin USD in April
The optimal trading strategy involves having clearly defined levels to monitor, allowing for decisive action when the opportunity arises. Let’s review some charts and pinpoint key levels.
(BTCUSD)
In a weekly perspective, Bitcoin’s price is still on an upward trajectory. Last week, MA50 was tested and, similar to the Summer of 2024, it made a rebound. So far, so good. Additionally, there’s the significant wick from the February dump that has now been filled, demonstrating market efficiency.
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(BTCUSD)
The daily chart provides more granular details. I observed a uptrend engulfing candle forming below the $78339 line. Although it didn’t close higher than the blue candle that touched the key level, it did show higher volume and a larger body!
MA50 is now aligned, and the Bitcoin USD price has oscillated within the key range identified in my December 2024 article. I anticipate the Moving Averages will converge and begin popular upwards as the price breaks through market structure, driving the bull run further.
(BTCUSD)
Finally, a brief examination of the 4H chart reveals potential entry points and early indications of trend reversal.
After what seems like an eternity, we’ve finally broken above the bearish trendline that lasted for three months. Favorable entry points were marked by a test of the red line or the uptrend divergence from the double bottom that occurred during the deviation.
Meanwhile, the RSI appears to need a slight cooldown. Traders should focus on the following potential scenarios for advantageous entries:
1. A retest of the trend line.
2. Break above $86,000 and entry upon retest.
3. Not ideal, but a potential retest of $78,000.
Stay safe!
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The post Bitcoin USD Shoots High as Bitcoin Price Analysis Reveals New Technical Insights first appeared on 99Bitcoins.
