Well, I’ll be hornswoggled 🤠. Bitcoin, that digital critter, was wrangling around $88,447 on this here April 22nd in the year of our Lord 2025. Had a market cap big enough to choke a horse, $1.75 trillion, they say. All day, it just kinda shuffled ‘tween $86,664.84 and $88,874. Folks holdin’ on tight, like a tick on a hound dog, seein’ if this uptrend’s got any real grit. Trading volume? $36.36 billion. Seems like a whole lotta somethin’ or nothin’.
Bitcoin
Now, lookin’ at the 1-hour chart, it’s like watchin’ molasses in January. Bitcoin kinda stuck ‘tween 87,500 and 88,800. Support down around 87,200 to 87,400. Resistance near 88,800 to 89,000. Volume’s tappin’ out, like a fella runnin’ outta breath. Ain’t nobody sellin’ off in a panic, though. Smart money’s waitin’, seein’ if she’ll break out above 88,900 or bounce back from 87,400. Gotta have volume, though, or it’s just spit in the wind. Bitcoin, bless its heart.
The 4-hour chart’s got a little more gumption. Looks like she’s tryin’ to climb outta the muck after a bit of a rest. Broke outta 85,000 with some oomph. Makin’ higher lows and higher highs, like a good ‘un should. Resistance hangs around 89,500 to 90,000. Any dip towards 87,000 to 87,500? Well, that’s just a chance to load up, if you got the stomach for it.
Now, the daily chart, that’s where you see the real grit. A sharp V-shaped recovery, like a phoenix from the ashes 🔥. Climbed out of 74,434 and into this here range. Green candles aplenty, showin’ folks got some faith. Busted through 84,000 to 85,000, which is now support. Volume’s just middlin’, but the pattern looks good. Watch out for that 89,000 to 90,000 mark, though. She’s been turned back there before, like a stray dog at a fancy restaurant 🐶. Bitcoin, you sly dog.
The oscillators? Well, they’re just sittin’ on the fence, neither here nor there 🤷♀️. RSI at 60, Stochastic at 93, CCI at 153. Market ain’t overbought, ain’t oversold. ADX at 15, trend’s weak. Awesome oscillator? Modestly positive. But the momentum indicator’s flashin’ a sell at 3,268. Maybe she’s gettin’ tired. MACD says buy at 696, though. Confused yet? I am.
Moving averages? Bullish, mostly. Except for that 100-period SMA at 90,834, which is above the current price. All the EMAs, from 10 to 200 periods, and most of the SMAs, sayin’ buy. Means the uptrend’s got some legs. That 200-period SMA’s actin’ as support around 88,358.
Bull Verdict:
Bitcoin’s struttin’ its stuff across the board. Bullish signals everywhere you look, like flies on a honey pot 🪰. Breakout on the 4-hour chart, supportive daily pattern, MACD sayin’ buy. If she stays above 87,000, we might just see 90,000.
Bear Verdict:
Hold your horses 🐴! Momentum’s slowin’ down, momentum oscillator’s sayin’ sell, and the stochastic’s overextended. Could be a pullback comin’. If Bitcoin breaks below 87,000 with some gusto, the bullish setup’s toast. Could fall back to 84,000–85,000. So, keep yer eyes peeled 👀.
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2025-04-22 15:05