Bitcoin (Btc) Press a eleven days high on April 13 as the Crypto Market Relief rally closely monitors the changes in US financial policy.
BTC/USD 1-Hour chart. Source: Cointelegraph/TradingView
Bitcoin entrepreneurs say for more volatility
Data from Cointelegraph Markets Pro and Tradingview BTC/USD showed up to $ 86,000 in the first time since April 2.
The pair reacted carefully to the news that US president Donald Trump concluded that Exclude some major products From his ongoing trade tariffs against China.
Traditional markets are closed over the weekend-the placement of lower-liquid trading in crypto markets and raising the opportunity for price volatility-along with bitcoin subsequently decreasing to under $ 84,000.
With time to go until weekly close, BTC/USD is Thus up to 7% For the week, began on a trip to New five months lows.
Commenting, entrepreneurs are careful about BTC price strength.
Call me mad but i think i don’t trust this breakout $ Btc.
Low volume, over -thinking stoch, and on a weekend.
If we could stay more than 84k to Monday I would look higher but so far it seems to be pointless. pic.twitter.com/qkvdyaoypj
– Roman (@Roman_Trading) April 12, 2025
Daan Crypto Trades mentioned the ongoing interplay in the 200-day exponential transfer of average (EMA) to $ 85,000.
“It is however still a weekend moving up to this day and we know next week will be a fuck -changing mind again with news about tariffs and the first big tech income to come,” part of a Post on x Read.
BTC/USD 1-day chart with 200 EMA. Source: Cointelegraph/TradingView
Well -known businessman Peter described Rebound from lows as looking for “more correction than annoying.”
BTC/USD 2-Hour chart. Source: Peter Brandt/x
Meanwhile, the popular businessman and analyst rectual capital has seen the real obstruction to a rebound of the Bitcoin Bull market arising in the form of a tough daily daily collapse.
“Bitcoin is sunny -day closed above the downtrend. Thus, Breakout confirmation is conducted,” one of his latest X’s updates Explained next to a striped chart.
“However, the BTC had previously been day -to -day downtrend but its retest failed (some of the red circles). The retest had to be successful and it was carried out.”
BTC/USD 1-Day Chart. Source: Rek Capital/X.
Number Cointelegraph reportedThe sun -downtrend, in the area since late 2024, has been marked as a major drawback to overcome bulls.
Related: Bollinger Bands creator said Bitcoin forming a ‘classic’ floor near $ 80k
RSI Bullish Divergence is still playing
Another post that has a promising promising signal to the Kamag -child of the relative -child of Bitcoin (RSI) indicator.
A Classic leading indicatorThe RSI continued to print another bullish difference -It with the price at sunny hours.
“Bitcoin is still developing another lower than RSI while forming lower price lows,” the capital of the REC is summarizing.
“Overall, throughout the Bitcoin cycle have formed bullish divergences like these on some occasions. Every bull div has been preceded upside down.”
BTC/USD 1-day chart with RSI data. Source: Rek Capital/X.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
