Bitcoin (BTC), the most valuable cryptocurrency, is currently trading at 84,158.17 dollars with a value of $ 1.67 trillion and an increase of 3.37 % in the last 24 hours. The volume increased by 42.16 % in a period of 24 hours.
The last basic procedure indicates cautious optimism between merchants as BTC continues to integrate into the formation of the similar triangle style.
Bitcoin price analysis
Bitcoin is currently trading within a similarly defined triangular style on the graph for 4 hours indicating a period of monotheism after the recent fluctuations. This style is formed by two lines of the close directions with similar slopes.
It indicates that a large price movement can occur when BTC eventually explodes of this configuration.
Bitcoin price is less than Emas 200 and 100 in the long run, indicating a declining pressure. If BTC closes more than $ 84,665 $ 100 EMA, this may lead to more bullish momentum.
The BTC price tries to recover and test Emas 50 and 20 in the middle of the period, indicating a short -term potential. Strong support is currently sitting at $ 81,305 with secondary support at $ 83,264.
The main resistance levels that must be monitored include $ 83,966 and 86,251 dollars, which represent the upper trend line and the last swing, respectively. A decisive break higher or less than these levels can indicate the next directional step.
The MACD Index shows values 293.91, -433.52 and -727.43, indicating mixed momentum signals. It seems that the graph in a positive area with modern green strips indicates the bullish momentum in the short term.
However, the MACD line remains itself below the signal line, although it seems to bend up, which may indicate an upcoming upcoming intersection if this path continues.
The similar triangle: an hour of penetration
In the event of a break more than $ 86,250, we can see a bullish move about $ 90,000. On the contrary, a break less than $ 83,000 can move about 80,000 dollars and in maximum $ 78,000.
Future Bitcoin
Open Bitcoin interest It has increased by $ 500 million in the past three days. The height of OI and the unification of prices within the similar triangle indicates that the potential bullish penetration is fermentation.
A long -term is currently 0.9763, indicating that there is a little larger than short situations. The financing rate is currently 0.0031 % with a slight increase from March 31, although a slight increase is still a declining feeling.
Tether gets 8,888 Bitcoins
Tether acquired USDT at $ 8,888 at a value of $ 735 million in the second quarter of 2025. In May 2023, Tether announced plans to allocate 15 % of its profits per quarter to purchase BTC for its reserves.
Source device USDT #pregnancy I got 8,888 $ BTC ($ 735 million) in Q1 2025!
In May 2023, Tether announced plans to allocate 15 % of its profits per quarter to #Bitcoin Its reserve purchases, with BTC gradually getting throughout the quarter and finally settled.
Currently, tether … pic.twitter.com/ygbpeyqluz
– Spotonchain April 1, 2025
BTC was gradually obtained throughout the quarter and finally settled. Tether’s Bitcoin Reserves 92,647 dollars ($ 7.64 billion), making it the sixth largest BTC portfolio, with unintended profit worth $ 3.86 billion. The BTC price decreased by 12 % in the first quarter of 2025, which represents the worst Q1 in 7 years.
Also read: Ethereum Eyes 1,875 where Bulls caused a recovery of $ 1,775
