BlockChain News

Bitcoin’s level analysis indicates the continuation of the upward trend Flash news details

On April 4, 2025, a detailed analysis of the Bitcoin (BTC) was provided by Mihir on Twitter (inheritance analyst), indicating that the trend is still up and strong because the blue line has not yet crossed the red line on the oscillator (Source: Twitter by -RhistMicanalyst, April 4, 2025). At the time of the post, Bitcoin was trading at $ 72,450, which represents an increase of 3.2 % over the conclusion of the previous day of $ 70,200 (Source: Coinmarkcap, 4 April 2025). Bitcoin’s trading volume on April 4, 2025, reached 22.7 billion US dollars, which reflects a significant increase in market activity compared to an average size of $ 18.5 billion during the past month (Source: Coinmarkcap, 4 April 2025). In addition, the BTC/USD pair showed a noticeable increase in trading volume, reaching $ 15.4 billion, a 20 % jump from the previous day (Source: Binance, April 4, 2025). The standards on the series revealed that the number of active bitcoin addresses increased to 1.2 million, up from 1.1 million in the previous week, indicating the growing network activity (Source: Glassnode, April 4, 2025).

The upward trend at the level of the Bitcoin cycle, as indicated by the mihir oscillator analysis, has significant trading effects. The continuous upward trend indicates that traders may continue to keep or collect BTC, expecting to increase prices. Prices increase by 3.2 % on April 4, 2025, an increase in trading volume across various trading pairs, including BTC/USD, BTC/ETH and BTC/USDT. Specifically, the BTC/ETH pair witnessed a trading volume of $ 3.5 billion, an increase of 15 % over the previous day (Source: Krakeen, April 4, 2025). BTC/USDT pair on Binance recorded a volume of $ 6.9 billion, an increase of 25 % over the previous day (Source: Binance, April 4, 2025). The increase in active headlines and trading sizes through multiple pairs indicates a strong market participation and the possibility of continued momentum ascending. The Relative Power Index (RSI) of Bitcoin 68, indicating that the original approaches the peak of purchase but is still within a bullish scope (Source: TradingView 4, 2025).

Technical indicators support budget expectations for Bitcoin. MACD rapprochement spacing showed a bullish intersection on April 4, 2025, with the MACD line crossing the top of the signal line, indicating the possibility of continuing the upward movement (Source: TradingView 4, April 2025). The average stirring rate for 50 days for Bitcoin was $ 68,000, while the moving average for 200 days reached $ 62,000, both of which were less than the current price, which enhances the upper trend (Source: Coinmarketcap, 4 April 2025). The Bitcoin trading volume was on April 4, 2025, much higher than the average, with the BTC/USD pair registered on Coinbase with a size of $ 4.2 billion, an increase of 30 % over the previous day (Source: Coinbase, April 4, 2025). The Bitcoin Division scale in the series also showed an increase of 5 % to 230 EH/S, indicating the security of the strong network and mining confidence (Source: Blockchain.com, April 4, 2025). These technical indicators and sized data indicate that the current upward trend at the Bitcoin cycle level is likely to continue in the short term.

Regarding developments related to lack of intelligence, there were no Amnesty International news events that directly affect the encryption market on April 4, 2025. However, the general feeling of artificial intelligence and its ability to influence the coil -cooking markets remains positive. AI’s trading algorithms have been adopted by institutional investors, which contributes to high trading and liquidity volumes in the encryption market (Source: Coindsk, April 4, 2025). It has been observed that the relationship between the prosecutor’s distinctive symbols such as Singularity (AGIX) and the main encrypted currencies such as positive Bitcoin, as AGIX witnessed an increase of 2.5 % in the price on April 4, 2025, after the trend of the upward Bitcoin (Source: Coingecko, April 4, 2025). This indicates that the developments of artificial intelligence still have a supportive effect on the morale of the broader encryption market, which may provide opportunities for trading in Crypto Crossover assets.

https://image.blockchain.news/features/DC3788979712BF4DFF603597AAC46E7C52F8B5EF76BC21453D757F37CDB271FE.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button