Apr 14, 2025
7 0
Bitcoin Price Surges Above $82,500, Eyes $85,500 Resistance
Bitcoin Price Analysis
- Bitcoin price increased above $82,500 and $83,200.
- Current trading is above $82,500 and the 100 hourly Simple Moving Average.
- Break occurred above a bearish trend line at $84,500 on the BTC/USD hourly chart.
- Immediate resistance is at $85,500; key resistance at $85,850, with potential to reach $86,500 and beyond.
Recent high reached $85,850, followed by a correction below $84,500 support. Price remains stable above $82,200. If Bitcoin cannot surpass $85,500, it may decline further.
- Immediate support is near $84,200.
- Major support levels are at $82,200 and $80,000.
Technical indicators show bullish momentum: MACD gaining in the bullish zone and RSI above 50.
