Analysis $BTC 04/04/2025
#BTC , we are improving... even though we haven’t had any major inclination from Powell towards cutting interest rates, we are still seeing a good reaction at the end of today.
Today we reached $84,500 as expected, but we need to recover $84,500 clearly and cleanly for us to have something optimistic on the chart again, the only bad thing here is that we are entering the weekend and we all know how weekends have been.
A close above $84,500 could give us a great possibility of lateral movement between $85K/$87K during the weekend, which would be good for the #altcoin .
If we can’t achieve this, then unfortunately the lateral movement will be here between $82K/$84K, which would leave us in a bad position for next week and we’ll need much more effort from the Bulls.
It’s quite likely that next week things will start to improve around this ongoing Trade War, and tariffs will start to be reduced and eliminated in some cases, which will bring us some peace in the Crypto market.
It is evident that the whales want higher prices here, they just need a little peace so they can push prices up, give that to them and they will do the heavy lifting.
Despite the ugly chart, I still remain very OPTIMISTIC, especially regarding Altcoins that should have a good reaction in the coming weeks, everything is moving towards that, some are already showing very strong charts.
#BTC , we are improving... even though we haven’t had any major inclination from Powell towards cutting interest rates, we are still seeing a good reaction at the end of today.
Today we reached $84,500 as expected, but we need to recover $84,500 clearly and cleanly for us to have something optimistic on the chart again, the only bad thing here is that we are entering the weekend and we all know how weekends have been.
A close above $84,500 could give us a great possibility of lateral movement between $85K/$87K during the weekend, which would be good for the #altcoin .
If we can’t achieve this, then unfortunately the lateral movement will be here between $82K/$84K, which would leave us in a bad position for next week and we’ll need much more effort from the Bulls.
It’s quite likely that next week things will start to improve around this ongoing Trade War, and tariffs will start to be reduced and eliminated in some cases, which will bring us some peace in the Crypto market.
It is evident that the whales want higher prices here, they just need a little peace so they can push prices up, give that to them and they will do the heavy lifting.
Despite the ugly chart, I still remain very OPTIMISTIC, especially regarding Altcoins that should have a good reaction in the coming weeks, everything is moving towards that, some are already showing very strong charts.
