Bitcoin (BTC) is trading at $83,601, showing uncertainty after recent recovery attempts. On the daily chart, price action hovers between the middle and upper Bollinger Bands, suggesting a slight bullish tilt within a range-bound market. The MACD has turned positive, with green histogram bars and a bullish crossover—indicating possible upward momentum. Yet, Bitcoin’s inability to close above $87,000 following a bounce from $77,900 signals hesitation as volatility begins to compress. Rounded Bottom Pattern Signals Slow Accumulation BTC continues forming a rounded bottom structure on the daily timeframe—an accumulation pattern with bullish implications if confirmed. A breakout above $87,100, the current neckline, would suggest strength and open targets toward $92,000–$95,000. However, repeated upper wicks hint at lingering sell pressure. Unless the price secures a decisive close above resistance, downside risk toward the $80,000 zone still looms. Horizontal Channel Defines Four-Hour Price Action The 4-hour chart shows BTC consolidating within a narrow range between $81,200 and $87,100. This tight structure follows March’s strong recovery from sub-$70,000 levels. Although the price is closer to mid-range, the narrowing Bollinger Bands suggest an imminent breakout. The MACD remains slightly bullish but lacks strong conviction—reflecting weak momentum and a market waiting for a catalyst. Ascending Triangle Suggests Potential Bullish Continuation A classic ascending triangle has emerged on the 4-hour chart, defined by higher lows converging beneath resistance at $87,100. This pattern implies accumulation and brewing breakout energy. If bulls maintain higher lows and volume increases, a breakout could be swift and decisive. Conversely, a breakdown below the $82,500–$81,200 support zone would invalidate the pattern and expose BTC to $78,000. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Bearish Flag Forms on the Lower Timeframe On the 15-minute chart, BTC is forming a bearish flag just below the $84,200 local peak. Price action hugs the lower Bollinger Band, and the MACD is flat with weak red histogram bars—suggesting fading momentum. Short-term traders should stay cautious as intraday dips remain likely before any renewed attempt to move higher. Key Levels: $87K Resistance, $81K Support Immediate resistance is seen at $84,200, with major resistance at $87,100. A confirmed breakout above this level could spark a push toward $90,000 or higher. Meanwhile, support sits at $82,500 and $81,200. A drop below these could lead to a further decline toward $78,000. Tight Bollinger Bands across timeframes highlight growing breakout pressure. Prediction For Today Bitcoin remains range-bound but coiled for movement. Daily and 4-hour charts reflect mild bullish momentum , while the 15-minute chart leans neutral to slightly bearish. The expected trading range is $81,200 to $87,100. A breakout from this band will likely dictate the market tone heading into the rest of the week. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Bitcoin (BTC) Price Prediction For April 16, 2025 appeared first on Times Tabloid .
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