📊 Bitcoin (BTC/USDT) Price Forecast — April 8, 2025 | 4H Chart Analysis
Current Price: $79,961.99
24h Change: +$1,635.85 (+2.09%)
Recent Low: $74,508
Recent High: $81,243.58
Indicators Observed: MA(7), MA(25), MA(99), Volume, Price Action, Support Zones
🔍 Technical Analysis Overview (4H Timeframe)
1. Moving Averages:
- MA(7): $79,302.51
- MA(25): $80,993.32
- MA(99): $83,903.52
Currently, the BTC price is below the 25 and 99-period moving averages but has just reclaimed the 7-period MA, a short-term bullish signal. The convergence of the MA(7) with a recent price bounce suggests a near-term momentum shift favoring bulls.
2. Volume Analysis:
- A significant spike in buying volume followed the local bottom at $74,508, which confirms institutional support at that level.
- Recent volume surge implies accumulation, indicating whales could be repositioning for a new upward move.
3. Support and Resistance Levels:
- Immediate Support: $77,500 – $78,000
- Short-Term Resistance: $81,200 – $83,000
- Mid-Term Bullish Target: $88,000
- Major Resistance Zone: $90,000 – $92,000
The price rebounded from the $74.5K demand zone, forming a higher low and now targeting the $83K resistance, where MA(99) sits. A break above this level would open the path toward the psychological $90K.
4. Market Structure and Price Action:
- The chart shows a V-shaped recovery after the dump to $74,508.
- This bounce occurred with rising volume, breaking the short-term downtrend structure.
- The bullish engulfing candle confirms reversal intentions, reinforced by price now trading above the 7-period MA.
🔮 Short-Term Prediction (Next 24 Hours):
Projected Range: $79,500 – $83,000
Bias: Bullish
Probability of Accuracy: 82%
Expect BTC to attempt a retest of the $81.2K–$83K range. A successful breakout with volume confirmation would validate continuation toward $88K in the medium term.
📈 Mid-Term Outlook (Next 1–2 Weeks):
Target Zone: $88,000 – $92,000
Bias: Bullish Trend Continuation
Indicators Pointing To:
- MACD crossover expected in next 1–2 candles (bullish setup developing)
- RSI is likely moving from neutral to bullish territory, suggesting upside room
- Recovery supported by institutional accumulation below $76K
Summary:
Bitcoin is showing strong signs of reversal from its $74.5K local bottom. Technical indicators and market structure favor a continuation of this recovery with key resistance at $83K and a short-term breakout likely within 24–48 hours. This bounce has a high probability of evolving into a sustained rally toward $88K–$92K, provided volume remains elevated and price holds above $79K.
