Bitcoin (BTC) going low again. Many investor now worry and no understand why price dropping. In this update, we try explain by look at big money trouble, rule confuse, and chart sign.
Big Money Trouble
World Market Not Good
War still happen in Europe and big countries like China and Germany not doing good. People not want risk now. They putting money in safe thing like U.S. bond.
(Source: Bloomberg)
Stock and Bitcoin Same Move
Bitcoin price moving same like U.S. tech stocks. Market going crazy up and down. Fed no want cut rate now, so Bitcoin also feel pressure.
(Source: CNBC)
Rule Confuse Investor
Investor no sure what happen because SEC still not say yes to Bitcoin ETF. Also, U.S. and Europe maybe bring new tax, so big investor staying away.
(Source: CoinDesk)
What Happen in Market Now
Today is April 20, 2025. Bitcoin price now around $85,193.18, go up little, only 0.14% in last 24 hour.
(Source: LatestLY)
Bitcoin Big Value
Bitcoin market cap now is $1.69 trillion, still biggest crypto out there.
(Source: TradingView)
Trade Volume Today
Last 24 hour trade volume is $12.57 billion, show people still trading much.
(Source: TradingView)
How Price Was Before
In last 7 day, Bitcoin go up 2.28%, but last 1 month, it go down 1.82%. From last year, it go up 33.38% – long time still going good.
(Source: TradingView)
Chart and Indicators Info
Chart Signal Say This:
- RSI (14): 53 – Neutral
- Stochastic %K (14, 3, 3): 87 – Neutral
- CCI (20): 78 – Neutral
- ADX (14): 13 – Neutral
- Awesome Oscillator: 1,044 – Neutral
- Momentum (10): 5,646 – Buy
- MACD (12, 26): 136 – Buy
- Stochastic RSI Fast (3, 3, 14, 14): 97 – Neutral
- Williams %R (14): -10 – Neutral
- Bull Bear Power: 2,490 – Sell
Moving Average Say:
- EMA (10): 84,157 – Buy
- SMA (10): 84,436 – Buy
- EMA (20): 83,752 – Buy
- SMA (20): 82,919 – Buy
- EMA (30): 84,022 – Buy
- SMA (30): 83,642 – Buy
- EMA (50): 85,313 – Sell
- SMA (50): 84,200 – Buy
- EMA (100): 87,365 – Sell
- SMA (100): 90,964 – Sell
Chart say some "Buy" and some "Sell," so not easy to know where price go next.
Support and Resistance
- Support Price: $84,000 – If fall below, maybe go down more.
- Resistance Price: $87,000 – If break above, maybe go up again.
(Source: WristMart)
How People Feeling (On-Chain)
Bull-Bear Index show 2.7/10, mean most people feel bad. Big whale not buying much. Activity on chain also going slow.
(Source: Glassnode)
Final Words
Bitcoin go down because many thing – world trouble, rule not clear, and chart look weak. Maybe price stay same or go more down. Investor should look at news, rule, and chain data to see what come next.
Come again for more crypto talk and market news on our blog!
The image is AI generated as well as the sources are given for data