According to Mihir (@RhythmicAnalyst) on Twitter, Bitcoin's price action shows that the short-term trend began at the $74,000 range, as marked by a green circle on his indicator. The white circles indicate that price dipped and found strong support in mid-April and again earlier this week, suggesting these are critical levels for traders to watch. However, the orange circle highlights that Bitcoin failed to maintain levels above Mihir's technical indicator, signaling potential resistance and a possible reversal zone. Traders should focus on these support and resistance levels for informed entry and exit points, as confirmed in Mihir's technical analysis (Source: @RhythmicAnalyst, Twitter, May 3, 2025).

According to Mihir (@RhythmicAnalyst) on Twitter, the recent short-term weakness in Bitcoin is evidenced by technical analysis of both price action and oscillator data. The analysis highlights a green circle marking the initiation of the latest upward wave from $74,000, a white circle indicating a key support level that recently held, and a yellow circle identifying a probable correction level where price action is likely to retest support. These indicators suggest that traders should monitor the oscillator for confirmation of further downside momentum and use the marked correction level as a potential entry or risk-management zone (Source: Twitter/@RhythmicAnalyst, May 3, 2025).

According to Crypto Rover, the most important Bitcoin price levels for traders in 2025 include critical support at $60,000 and strong resistance around $73,000, as identified in his recent technical analysis shared on Twitter (source: @rovercrc, May 2, 2025). These levels are pivotal for short-term and swing traders, as price action near these points may indicate potential breakout or reversal opportunities. Rover highlights the importance of monitoring volume and order book activity at these zones to make informed decisions in the current volatile crypto market.

According to Material Indicators, Bitcoin's market recovery has encountered a pause between significant support and resistance levels after a dip to $74.5k. The order book and flow data reveal crucial insights for traders, highlighting the market's current indecision and potential price movements. As of April 16, 2025, these technical levels are critical for traders in predicting Bitcoin's next directional move.