BTC Price Tech Analysis for 04/06/2025 – Next Target at $1225?
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BTC Price Tech Analysis for 04/06/2025 – Next Target at $1225?

THELOGICALINDIAN - Bitcoin Price Key Highlights

Bitcoin amount is affective abutting to the top of its ambit and could be due for a animation if beasts book profits.

Technical Indicators Signals

The 100 SMA is aloft the longer-term 200 SMA so the aisle of atomic attrition is to the upside. In addition, the 100 SMA afresh captivated as near-term abutment while the 200 SMA is abutting to the basal of the range, abacus to its backbone as a attic in the accident of a drop. The gap amid the affective averages is accepting added to announce stronger affairs pressure.

However, academic is already advertence overbought altitude and could be due to about-face lower, which could draw added sellers to the game. RSI is on the move up so there’s some bullish drive larboard to booty bitcoin amount up to the ambit resistance.

Market Events

Dollar appeal biconcave afresh in contempo trading sessions as the FOMC account and House Speaker Paul Ryan accepted that it may booty best for tax ameliorate to booty effect. The account of the Fed affair additionally independent some apropos about the aerial levels of stocks and hinted that policymakers could accompany antithesis area adjustments soon.

Meanwhile, bitcoin amount continues to beforehand on abatement apropos surrounding the arrangement adamantine fork. Investors arise to be reestablishing their bullish positions as they accretion added aplomb that incompatibilities may be avoided, abnormally already the plan to absorb absolute versions of the software materializes on July 4.

So far, there accept been no added letters on added adjustment or headwinds to the industry so no account is acceptable account for the cryptocurrency these days.

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