HomePrice PredictionsBTCBitcoin Eyes $84,400 – CME Gap Close or Another Pullback?

Bitcoin Eyes $84,400 – CME Gap Close or Another Pullback?

Date:

Bitcoin Technical Analysis: 1 APR 2025

BTC Technical Analysis

Bitcoin’s 3-hour time-frame shows a bullish divergence on RSI. Source: TradingView

General View 

Bitcoin has been consolidating after a sharp pullback, with bulls attempting to regain control despite the 12-hour timeframe now being in a death cross formation, signaling caution. However, a bullish divergence on RSI suggests early signs of recovery, provided key levels hold. The CME gap is half-filled, leaving room for further volatility, while the price remains stuck below intra-day resistance. If buyers sustain momentum and reclaim lost ground, a broader rebound could take shape, but failure to do so may keep Bitcoin vulnerable to deeper downside moves.

On The Upside

Bitcoin is currently testing the intra-day resistance near $83,100-$83,500. A break above this zone could trigger further upside towards the next resistance at $84,400, which would fill the leftover CME gap. Meanwhile, if the strength sustains, bulls can see higher levels, however, it’s going to be challenging for the bulls to achieve such a milestone.

On The Downside, 

Bitcoin now has multiple intra-day support levels in place, with the first key supports at $82,800 and $82,200, both of which could trigger positive reactions if tested. However, for the session, the major intra-day support zone positions at $81,450–$81,150, making it an important level for bulls to defend.

BTC Technical Analysis

Most of the CME gap has now been filled. Source: TradingView

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Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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