Bitcoin Technical Analysis: 4 APR 2025
Bitcoin’s RSI is starting to print hidden bullish divergence. Source: TradingView
General View
Short-term supports have proven to be a major challenge for sellers, as they have failed to break below this critical support region for the fourth time in just a handful of days. Bitcoin continues to hold firm, signaling that buyers remain active at lower levels. This repeated defense suggests that bulls are regaining control, increasing the likelihood of a rebound toward key resistance levels. If this resilience persists, Bitcoin could soon trigger panic short-coverings.
On The Upside
Price faces immediate resistance at the $83,950 level. Bulls have clocked in quiet some strength, and if this strength sustains, the price will ascend to higher levels. Above immediate resistance, the next key levels are at $85,400 and $86,200.
On The Downside,
Bitcoin is starting to create multiple intra-day support levels below. Price now enjoys strong, immediate support at the $83,250 level. However, Bitcoin bulls need to hold the $82,300 level to maintain trendline support. The major support zone has now shifted to the $81,400 to $81,150 region. Any weakness below this level could slow down the current corrective wave.
The short-term supports have held once again. Source: TradingView
