BTC USD Rises as New Bitcoin Price Insights Emerge
Bitcoin's price action is trending upward, with a potential retest of $90K on the horizon as analysts provide technical insights.
BTC USD is once again on the rise, with analysts pointing to a possible retest around $90K. As Bitcoin continues to capture the interest of both traders and investors in 2025, a recent surge in Google searches for Bitcoin price trends indicates a strong demand for market insights.
Higher highs, and higher lows.
Keep it simple.
— Jelle (@CryptoJelleNL) April 15, 2025
This article breaks down Bitcoin’s latest chart movements, focusing on critical support and resistance levels while analyzing indicators like the RSI and moving averages. Such technical insights are crucial for navigating the volatile cryptocurrency market.
In analyzing Bitcoin, it’s important to maintain simplicity in technical analysis. Overcomplicating the charts can lead to confusion, making entry decisions more difficult.
Bitcoin Price Analysis: Identifying Key Levels for BTC USD in April
The most effective trading strategy involves monitoring clearly defined levels, preparing to act when necessary. Let’s explore some charts to determine these key points.
On the weekly chart, Bitcoin’s price remains in an upward trend. Recently, a retest of the 50-period moving average occurred, much like in the Summer of 2024. This is promising as the market is displaying efficiency based on recent sell-off events.
The daily chart provides more detail. A bullish engulfing candle emerged below the $78,339 mark, despite not closing above the previous key level. It does, however, show increased volume and a larger candle body.
Moving averages are catching up, and the BTC USD price continues to oscillate around the previously identified key levels. Expectations are that these averages will start to trend upwards as the price breaks key market structures, paving the way for a continuing bull run.
Finally, a brief overview of the 4-hour chart reveals potential entries and early signs of trend reversal. For the first time in a long time, a break above the extended bearish trendline has been noted. Key entry points were identified during the test of this trendline and the bullish divergence seen in the double bottom formation.
As traders analyze their next moves, here are potential scenarios:
- A retest of the trendline.
- Breaking above $86,000 with a subsequent retest.
- A less desirable retest of $78,000.
Stay cautious out there!
Explore more: The 12+ Hottest Crypto Presales to Buy Right Now
