Bitcoin (BTC/USD) 1H Chart Analysis – April 14, 2025
The chart illustrates a recent bullish move in Bitcoin on the 1-hour timeframe, successfully reaching a key target level.
Initial Drop: The price initially declined from around $80,741, finding a local bottom at approximately $78,009.
Fair Value Gap (FVG): An FVG zone was marked around the mid-range of the downtrend, indicating a potential area of imbalance where price may revisit, which it later did.
Breakout and Rally: After bottoming out, BTC formed a series of higher lows, breaking through a descending resistance trendline and moving upwards.
Target Achievement: The bullish breakout led BTC to hit the target of $84,329, completing the forecasted move. This level was identified as a potential resistance zone.
Post-Target Behavior: After reaching the target, the price showed signs of consolidation and slight retracement, suggesting a pause or potential reversal.
Volume Insight: Volume spikes during breakout phases supported the price action, adding conviction to the upward move.
Summary: The setup successfully played out with BTC rallying from support near $78K to complete the target at $84.3K, overcoming resistance and fillin
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.