Bitcoin (BTC) trades at $88,519.95, posting a 1.15% daily gain. The price is testing the upper Bollinger Band at $89,126.86, suggesting strong upward momentum. The 20-day simple moving average (SMA) at $83,361.04 has been held as a dynamic support. A close above the upper band would confirm a volatility breakout, signaling a further bullish continuation. After a prolonged sideways phase, Bitcoin is pushing for a trend reversal. 4-Hour Timeframe: Trend Strengthens On the 4-hour chart, BTC has printed higher lows and recently broke past $85,000 resistance. The 20 SMA now supports the price, indicating a firm bullish structure. Bollinger Bands are expanding, confirming momentum buildup . If Bitcoin holds above $87,500, the next test lies at $90,000, a psychological barrier. Volume is ticking up, validating the strength behind this move. 1-Hour Chart: Pre-Breakout Pause Bitcoin is consolidating just below $89,000 on the 1-hour chart. The price is consistently testing the upper Bollinger Band, showing sustained buying pressure. Although minor rejections are present, no bearish divergence or momentum loss is seen. A breakout above $89,200 could trigger a sharp rally toward $90,800 and beyond. Pullbacks to $87,800 may present attractive long entries. Indicators Confirm Uptrend Bollinger Bands on all timeframes show price riding the upper band, a bullish signal. The 20 SMA is trending upward across the board, offering dynamic support. No signs of bearish divergence or overbought exhaustion suggest the trend is likely to continue. Momentum indicators are aligned with price, strengthening the bullish case. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Fundamentals Fuel the Rally Macro conditions are supporting Bitcoin’s rise . The Fed’s dovish outlook has softened the dollar, boosting risk assets. Bitcoin’s recent halving has reduced supply, while institutional demand, especially from ETFs, is growing steadily. On-chain data also points to accumulation by long-term holders, creating strong underlying support for the current uptrend. Trade Plan A smart entry range lies between $87,800 and $88,500, ideally catching any slight retracement before a breakout . TP1 is at $90,800, near recent highs. TP2 targets $93,500, aligning with March’s peak. A conservative stop-loss sits at $84,600, just below the 4-hour support and the 20 SMA. The risk-reward ratio is favorable, especially with momentum and fundamentals in sync. Price Projection For Today Bitcoin looks ready to push higher. A confirmed break above $89,200 would likely open the path toward $93,500. If momentum stalls, a brief dip to $85,000–$86,000 could reset the trend before another leg up. Barring macro shocks, BTC may target $95,000 before April closes, supported by technical strength and bullish sentiment. 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 22, 2025 appeared first on Times Tabloid .
https://www.digistore24.com/redir/325658/ceobig/
