As of April 22, 2025, Bitcoin is trading at $88,447, maintaining a market capitalization of $1.75 trillion. Price action has remained tightly coiled between $86,664 and $88,874 over the last 24 hours, with daily trading volume at $36.36 billion. The cryptocurrency continues to consolidate, hinting at potential for a breakout or reversal.
The hourly chart shows a low-volatility zone from $87,500 to $88,800. Despite a modest bullish tilt, trading volume has dipped, reflecting temporary market indecision. Support levels are holding between $87,200 and $87,400, while upside movement remains capped by resistance near $89,000.
Technical Indicators Remain Mixed
Across timeframes, Bitcoin’s trend structure favors the bulls, but momentum indicators present a more cautious outlook. Here’s how the technicals align:
- RSI: 60 (neutral)
- Stochastic: 93 (approaching overbought)
- CCI: 153 (positive bias)
- ADX: 15 (weak trend strength)
- MACD: 696 (buy signal)
- Momentum Oscillator: 3,268 (sell signal)
The 4-hour chart confirms a bullish trend with higher lows and strong rebound patterns from the $85,000 breakout zone. Price continues to trend upward, supported by volume. Resistance is forming between $89,500 and $90,000, while pullbacks toward $87,000–$87,500 are attracting buyers.
Daily charts also point to structural strength, with a notable V-shaped recovery from $74,434. Buyers reclaimed the $84,000–$85,000 region, converting it into support. Green-bodied candles reinforce the strength of bullish conviction.
Moving Averages Signal Continued Upside
Bitcoin’s moving averages show widespread bullish alignment:
- EMAs (10 to 200-period): All bullish
- SMA (200-period): Acts as support near $88,358
- SMA (100-period): Bearish signal at $90,834, above current levels
These trends suggest that Bitcoin remains in an uptrend, though near-term consolidation or a minor pullback is likely if key resistance levels are not broken soon.
Key Takeaways:
- Support remains strong at $87,000
- Watch for breakout above $88,900 with volume
- Psychological resistance looms at $90,000
- Weak trend momentum signals short-term caution
Bitcoin’s technical resilience continues to draw bullish interest. However, traders should watch closely for a volume-supported move above $89,000 or a breach below $87,000, which could change the short-term narrative.
