Bitcoin Price Forecast Update: April 1, 2025
The Bitcoin price has risen to test resistance at $84,500, facing downward trends and selling pressure from below the 50-day SMA. Silver is stabilizing while seeking positive momentum above its SMA support. Ethereum rises but shows signs of negative divergence under pressure. Natural gas trades sideways, maintaining a bullish forecast as long as support holds.
As of April 1, 2025, Bitcoin experienced a rise in intraday trading, approaching the critical resistance level of $84,500. This price movement occurs despite an overarching downward trend, with the trading occurring alongside a trend line. Additionally, the price remains under negative pressure as it trades below the 50-day Simple Moving Average (SMA), while Stochastic indicators indicate overbought conditions, enhancing the selling pressure.
Silver has demonstrated sideways movement on intraday levels, indicating efforts to regain positive momentum. It continues to uphold its short-term upward trend line and benefits from supportive trading conditions above the 50-candle SMA, which consolidates its potential for ascending movement in the near future.
Ethereum has also shown an increase in latest intraday trading, nearly reaching its main downward trend line. The asset continues to face negative pressure due to trading below the 50-candle SMA. The Stochastic index highlights an overbought situation, suggesting the emergence of negative divergence which could amplify bearish trends over time.
In the case of natural gas, prices have settled into slow sideways trading around $4.180 while striving to accumulate the necessary momentum for a rebound. The bullish outlook remains viable as long as support at $3.750 is maintained, aiming for a target of $4.260, followed by $4.480. The anticipated trading range for today is expected to lie between the resistance at $4.260 and the support at $4.050, suggesting a bullish day ahead.
In conclusion, the cryptocurrency market exhibits varying trends, with Bitcoin rising yet facing resistance under negative pressure. Silver demonstrates potential for upward movement, while Ethereum’s overbought conditions signal caution. Meanwhile, natural gas remains bullish as it operates within a stable trading range. Monitoring these movements closely will be essential for future trading decisions.
Original Source: www.economies.com
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