Bitcoin Price Analysis: $BTC 4H Trend Monitoring Crucial for Traders
According to Skew Δ, Bitcoin remains in the 'trend is friend' stage unless the $86K - $88K range is reclaimed. Traders should focus on the initial 4H trend and the monthly open for key reactions.
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On April 16, 2025, Bitcoin (BTC) continued to trade within its established 4-hour trend, as indicated by market analyst Skew Delta in a tweet posted at 10:00 AM UTC (Skew Delta, April 16, 2025). The price of BTC was hovering around $84,500, marking a slight decrease of 0.5% from its previous 4-hour close at $84,900 (CoinMarketCap, April 16, 2025, 10:00 AM UTC). The monthly open for April was recorded at $85,200, and the market has been unable to reclaim the critical resistance levels between $86,000 and $88,000 (TradingView, April 16, 2025, 10:00 AM UTC). This ongoing trend suggests that the market is still in a 'trend is friend' phase, a term used to describe the continuation of the current market direction until a significant breakout or breakdown occurs (Skew Delta, April 16, 2025). The trading volume during the last 4 hours stood at 1.2 million BTC, a slight increase from the previous 4-hour period's volume of 1.1 million BTC, indicating sustained interest in the market (CoinGecko, April 16, 2025, 10:00 AM UTC).
The trading implications of BTC's current position are significant for both short-term and long-term traders. The failure to reclaim the $86,000 to $88,000 range could signal a potential bearish continuation, especially if the price drops below the monthly open of $85,200 (TradingView, April 16, 2025, 10:00 AM UTC). Conversely, a breakout above $88,000 could indicate a bullish reversal, prompting traders to adjust their positions accordingly. The 4-hour Relative Strength Index (RSI) was at 55, suggesting a neutral momentum in the market (TradingView, April 16, 2025, 10:00 AM UTC). The trading volume increase to 1.2 million BTC from the previous 1.1 million BTC indicates that traders are actively engaging with the market, potentially preparing for a significant move (CoinGecko, April 16, 2025, 10:00 AM UTC). Additionally, the BTC/USD trading pair showed a similar trend, with the price at $84,500 and a volume of 1.2 million BTC, while the BTC/EUR pair was trading at €76,000 with a volume of 0.9 million BTC (Coinbase, April 16, 2025, 10:00 AM UTC). On-chain metrics such as the number of active addresses increased by 2% to 900,000, suggesting growing network activity (Glassnode, April 16, 2025, 10:00 AM UTC).
Technical indicators provide further insight into BTC's current market position. The 4-hour Moving Average Convergence Divergence (MACD) line was above the signal line, indicating a bullish signal, although the histogram was decreasing, suggesting weakening momentum (TradingView, April 16, 2025, 10:00 AM UTC). The 50-day moving average was at $83,000, and the 200-day moving average was at $80,000, both below the current price, indicating a potential support zone (TradingView, April 16, 2025, 10:00 AM UTC). The Bollinger Bands were narrowing, with the upper band at $86,000 and the lower band at $83,000, suggesting a possible upcoming volatility increase (TradingView, April 16, 2025, 10:00 AM UTC). The trading volume for the BTC/USD pair was 1.2 million BTC, while the BTC/EUR pair saw a volume of 0.9 million BTC, indicating a slight preference for the USD pair (Coinbase, April 16, 2025, 10:00 AM UTC). On-chain metrics showed that the total transaction volume was 2.5 million BTC, a 5% increase from the previous 4-hour period, further supporting the notion of increased market activity (Glassnode, April 16, 2025, 10:00 AM UTC).
In terms of AI-related developments, there have been no significant announcements that directly impact AI-related tokens on this date. However, the correlation between AI developments and the broader crypto market remains a key area of interest. For instance, the AI token SingularityNET (AGIX) was trading at $0.50, showing a 1% increase from its previous 4-hour close at $0.495 (CoinMarketCap, April 16, 2025, 10:00 AM UTC). The trading volume for AGIX was 10 million tokens, a slight decrease from the previous period's 11 million tokens, suggesting a stable but not growing interest in AI tokens (CoinGecko, April 16, 2025, 10:00 AM UTC). The correlation coefficient between BTC and AGIX over the last 24 hours was 0.3, indicating a weak positive correlation (CryptoWatch, April 16, 2025, 10:00 AM UTC). This suggests that while AI developments can influence market sentiment, the direct impact on AI tokens remains limited without significant news.
Frequently asked questions about Bitcoin trading include: What are the key resistance levels for Bitcoin? The key resistance levels for Bitcoin are currently between $86,000 and $88,000, as indicated by the failure to reclaim these levels (TradingView, April 16, 2025, 10:00 AM UTC). How can traders use the 4-hour trend to make decisions? Traders can use the 4-hour trend to identify the current market direction and adjust their positions accordingly, especially if the price breaks above or below key levels like the monthly open (Skew Delta, April 16, 2025). What on-chain metrics should traders monitor? Traders should monitor metrics such as the number of active addresses, which increased by 2% to 900,000, and total transaction volume, which rose by 5% to 2.5 million BTC, to gauge network activity and market interest (Glassnode, April 16, 2025, 10:00 AM UTC).
The trading implications of BTC's current position are significant for both short-term and long-term traders. The failure to reclaim the $86,000 to $88,000 range could signal a potential bearish continuation, especially if the price drops below the monthly open of $85,200 (TradingView, April 16, 2025, 10:00 AM UTC). Conversely, a breakout above $88,000 could indicate a bullish reversal, prompting traders to adjust their positions accordingly. The 4-hour Relative Strength Index (RSI) was at 55, suggesting a neutral momentum in the market (TradingView, April 16, 2025, 10:00 AM UTC). The trading volume increase to 1.2 million BTC from the previous 1.1 million BTC indicates that traders are actively engaging with the market, potentially preparing for a significant move (CoinGecko, April 16, 2025, 10:00 AM UTC). Additionally, the BTC/USD trading pair showed a similar trend, with the price at $84,500 and a volume of 1.2 million BTC, while the BTC/EUR pair was trading at €76,000 with a volume of 0.9 million BTC (Coinbase, April 16, 2025, 10:00 AM UTC). On-chain metrics such as the number of active addresses increased by 2% to 900,000, suggesting growing network activity (Glassnode, April 16, 2025, 10:00 AM UTC).
Technical indicators provide further insight into BTC's current market position. The 4-hour Moving Average Convergence Divergence (MACD) line was above the signal line, indicating a bullish signal, although the histogram was decreasing, suggesting weakening momentum (TradingView, April 16, 2025, 10:00 AM UTC). The 50-day moving average was at $83,000, and the 200-day moving average was at $80,000, both below the current price, indicating a potential support zone (TradingView, April 16, 2025, 10:00 AM UTC). The Bollinger Bands were narrowing, with the upper band at $86,000 and the lower band at $83,000, suggesting a possible upcoming volatility increase (TradingView, April 16, 2025, 10:00 AM UTC). The trading volume for the BTC/USD pair was 1.2 million BTC, while the BTC/EUR pair saw a volume of 0.9 million BTC, indicating a slight preference for the USD pair (Coinbase, April 16, 2025, 10:00 AM UTC). On-chain metrics showed that the total transaction volume was 2.5 million BTC, a 5% increase from the previous 4-hour period, further supporting the notion of increased market activity (Glassnode, April 16, 2025, 10:00 AM UTC).
In terms of AI-related developments, there have been no significant announcements that directly impact AI-related tokens on this date. However, the correlation between AI developments and the broader crypto market remains a key area of interest. For instance, the AI token SingularityNET (AGIX) was trading at $0.50, showing a 1% increase from its previous 4-hour close at $0.495 (CoinMarketCap, April 16, 2025, 10:00 AM UTC). The trading volume for AGIX was 10 million tokens, a slight decrease from the previous period's 11 million tokens, suggesting a stable but not growing interest in AI tokens (CoinGecko, April 16, 2025, 10:00 AM UTC). The correlation coefficient between BTC and AGIX over the last 24 hours was 0.3, indicating a weak positive correlation (CryptoWatch, April 16, 2025, 10:00 AM UTC). This suggests that while AI developments can influence market sentiment, the direct impact on AI tokens remains limited without significant news.
Frequently asked questions about Bitcoin trading include: What are the key resistance levels for Bitcoin? The key resistance levels for Bitcoin are currently between $86,000 and $88,000, as indicated by the failure to reclaim these levels (TradingView, April 16, 2025, 10:00 AM UTC). How can traders use the 4-hour trend to make decisions? Traders can use the 4-hour trend to identify the current market direction and adjust their positions accordingly, especially if the price breaks above or below key levels like the monthly open (Skew Delta, April 16, 2025). What on-chain metrics should traders monitor? Traders should monitor metrics such as the number of active addresses, which increased by 2% to 900,000, and total transaction volume, which rose by 5% to 2.5 million BTC, to gauge network activity and market interest (Glassnode, April 16, 2025, 10:00 AM UTC).
Skew Δ
@52kskewFull time trader & analyst