Bitcoin (BTC) daily chart shows the asset attempting a recovery after finding support near $77,000 earlier this month. Price now hovers around $84,600 but remains capped beneath a significant resistance zone at $87,400. The 20-day simple moving average at $82,687 has turned into short-term support, while the Bollinger Bands have begun to widen—a classic sign that price volatility may increase . Meanwhile, the MACD has flipped bullish, with its histogram printing green bars and the MACD line crossing above the signal line. This suggests buyers are regaining traction, but to confirm a broader uptrend, BTC must post a daily close above $87,400. 4-Hour Chart: Compressed Structure Signals Imminent Break On the 4-hour chart, Bitcoin is consolidating within a narrow range between $82,000 and $87,000. Price currently trades just above the middle Bollinger Band, signaling neutrality in the short term. Momentum is fading slightly, as reflected in the flattening MACD histogram—even though it still holds above the zero line. This indicates buyers are holding ground but have yet to gain enough strength for a breakout. A strong push above $87,000 could shift sentiment decisively bullish, while a breakdown below $82,000 would increase bearish risk, possibly triggering a slide toward $80,000. 1-Hour Chart: Local Resistance Holding Back Bulls Short-term movements in the 1-hour timeframe show Bitcoin repeatedly testing the $85,200–$85,500 zone without success. Price action remains pinned below this range, with the Bollinger Bands contracting—a setup that often precedes sharp moves. The MACD remains modestly positive, although histogram bars are thinning, which points to hesitation among intraday traders. A clean move above $85,500 could ignite bullish momentum toward $86,800. On the flip side, any dip below $83,800 might prompt renewed selling down to $82,500. Market Behavior Across all timeframes, Bitcoin displays signs of indecision. Despite the recent recovery, volume remains subdued, reflecting caution among traders. With BTC trapped between major support and resistance zones, the market awaits a catalyst—whether macroeconomic, regulatory, or institutional. Until that arrives, most participants are likely to avoid aggressive positions. This wait-and-see stance is keeping the price pinned within a tight corridor, with any breakout likely to trigger a burst in momentum. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Technical Zones: Short-Term Levels to Watch Key resistance is stacked at $85,500, followed by $87,400 and $89,800. These levels must be broken with volume to validate a bullish continuation. On the downside, immediate support is at $83,800 and $82,000, with stronger backing at $80,000. If that floor fails, the next support lies near $77,900. These zones are critical as they’ve acted as turning points during previous volatility spikes. Price Prediction For Today Today, Bitcoin is expected to trade within the $82,000 to $87,000 band. The $85,200–$85,500 area remains the intraday pivot to watch. A breakout above this zone could push BTC toward $86,800 and potentially $89,000 before the day’s end. However, if bears reclaim momentum and price slips below $83,800, a slide toward $82,000—or even $80,000—could quickly unfold. With volatility set to expand, the next 12 hours will likely determine Bitcoin’s short-term trajectory. 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 Price Projection For April 18, 2025 appeared first on Times Tabloid .
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