Jamie Redman
Bitcoin Price Analysis: Daily Chart Hints at Accumulation While Momentum Divides
Bitcoin traded at $83,681 on April 13, 2025, with a market capitalization of $1.66 trillion, a 24-hour trading volume of $26.01 billion, and an intraday price range between $83,648 and $85,731, as the asset moved within a tightening technical consolidation.
On the daily chart, bitcoin ( BTC) continued its recovery from a recent pullback low near $74,434, climbing within a defined range capped by resistance at $88,000. The market showed moderate upward momentum, but the price action remained largely confined between support around $74,000 and resistance just below $88,000. Notably, volume surged near the lower bound, a classic signal of potential accumulation or capitulation. Traders looking for long entries are advised to consider the $80,000 to $82,000 support band, while exit strategies should target the upper boundary unless supported by breakout volume.
The four-hour chart revealed a bounce off $74,588 and a sustained upward push to $86,084, although recent candles showed diminishing bullish strength. The slowdown suggests profit-taking and the emergence of short-term resistance. As momentum fades, the $82,000–$83,000 area stands out as a potential re-entry zone, aligning with prior breakout levels. Should price action struggle to hold above $85,000, a pullback may target lower support levels. The trend remains upward but tentative, warranting close observation of candlestick behavior and volume spikes.
On the one-hour chart, BTC faced a local decline from $86,000 to approximately $83,500, accompanied by increased selling pressure as evidenced by growing volume on red candles. Immediate support was identified near $82,784, marking a previous intraday low. A short-term bounce from this level could extend to resistance around $85,500. However, traders should be prepared for volatility and maintain disciplined stop-loss levels to mitigate risk during potential breakdown scenarios.