Bitcoin Technical Analysis: 3 APR 2025
Bitcoin has faced extreme volatility for the last few hours. Source: TradingView
General View
Bitcoin experienced a highly volatile session following Trump’s tariff announcements, triggering a sharp uptrend followed by an aggressive sell-off. The price initially surged by over 5%, breaking into higher levels as bullish momentum dominated. However, this strength was short-lived, as selling pressure quickly reversed the gains, leading to a steep 7% decline.
On The Upside
Bitcoin climbed to its highest levels in days, however, its strength met a severe rejection at the descending trendline resistance at $87,200, triggering an immediate round of profit-taking. For the session, the primary resistance stands at $83,800, followed by the $84,500 level. If the price can gain strength above this zone, the upside could extend toward $85,431 – $86,360.
On The Downside,
Price experienced an intense sell-off over the last few hours; however, $82,200 halted the decline. Bitcoin has since recovered and is currently holding above $83,500, but continued weakness could expose it to $82,800 and $82,200. These levels serve as key support zones for the session. Meanwhile, if the price falls below this range, the next major support lies between $81,400 and $81,100.
Descending trendlines once again cause rejection. Source: TradingView
