Price Analysis View Non-AMP

BTC Price Analysis: Will Death Cross Snip Bitcoin’s $25K Lifeline?

Published by
Sohrab Khawas

As G20 nations plan a unified crypto regulatory framework, Bitcoin’s price remained stable over the weekend, defying expectations. Meanwhile, India’s Central Bank Digital Currency now has 1.5 million users and is accepted by 300,000 merchants, as confirmed by RBI’s chief, Shrikanta Das.

Bitcoin’s price has been moving sideways for a while now. One key thing to note is that it tends to bounce back whenever the price drops to around $25,600. This has happened six times already. However, the BTC price is having a hard time rising above the 50 EMA. 

Zooming out to a daily time frame paints a slightly optimistic picture. A series of lower price rejection candles hint at the potential of a bullish bounce-back. However, the repeated failure to trigger a bullish rally signals a substantial supply pressure lurking in the Bitcoin price narrative.

Technical indicators:

Relative Strength Index: The daily RSI indicates a front of bullish sentiment. Even though it’s strolling just below the halfway line, a noticeable bullish divergence is evident. 

MACD: The MACD and signal lines also tilt slightly towards the positive end of the spectrum.

EMAs: The 50 and 200-day EMA are on the verge of a death cross that might push the BTC price to even lower levels.

Where is Bitcoin Price Heading?

Currently, Bitcoin’s price is trading at $25,857, and it is at a critical juncture. A breach below the $25,600 support could pave the way for a descent to $24,864, translating to a decline of around 3%. If this defense crumbles, a further slump could see BTC prices touching $24,100. 

However, if Bitcoin can muster enough bullish momentum to break free in a more optimistic scenario, the immediate hurdle lies at $27,294. Overcoming this resistance would be paramount for BTC to aim for the coveted $28,000 mark, offering a potential upside of approximately 9%.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Looking for Big ROI in 2025? This $0.025 Token Might Be the Best Kept Secret in DeFi

With market sentiment gradually shifting from hype to utility, many investors are starting to look…

April 3, 2025

Data Guardians Network (D-GN) Shaking Up Big Tech: A Closer Look at the Decentralized Alternative

When you think of Big Tech and AI, “ethics” isn’t the first word that comes…

April 3, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 3, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 3, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana price could reach a potential high of…

April 3, 2025

Ethereum Faces 91% Crash Risk as Network Activity Plummets

Ethereum, the second-largest cryptocurrency by market value, is going through a rough patch. According to…

April 3, 2025