Bitcoin Technical Analysis: 14 APR 2025
Bitcoin heading towards a major challenging zone. Source: TradingView
General View
Bitcoin has made a strong rebound from the recent lows, with the price reclaiming lost ground and pressing against a critical resistance zone. This level is aligned with both the horizontal daily resistance and a major descending trendline that has capped every rally since February. Momentum is also building beneath the surface, with a visible bullish divergence on the RSI suggesting underlying strength in the bounce.
On The Upside
Bitcoin faces a strong challenging zone between the $85,400 and $88,600 levels. This region is occupied by multiple natures of resistances converging together. Bulls are likely to struggle in this area. Meanwhile, if they are too aggressive, the price needs to break the $88,600 level. Successfully doing so would turn the price bullish, with targets of $90K next, followed by the $92,800 level.
On The Downside
Bitcoin remains vulnerable as long as it fails to break the overhead resistance with strength. A rejection from the challenging zone around $88,600 could lead to a renewed wave of selling. Primary intra-day support lies at $82,500, while stronger buying interest is expected around the $80,000–$79,000 levels.
Descending trendline breakout is starting to look much likelier. Source: TradingView
