Categories: Technical analysis

Bitcoin Wave Analysis – 22 April 2025

Bitcoin: ⬆️ Buy

– Bitcoin broke round resistance level 90000.00

– Likely to rise to resistance level 95000.00

Bitcoin cryptocurrency today broke the resistance area between the round resistance level 90000.00 and the 38.2% Fibonacci correction of the downward wave (A) from January.

The breakout of this resistance area should accelerate the C-wave of the active ABC correction (B) from March. 

Bitcoin cryptocurrency can be expected to rise in the active C-wave to the next resistance level 95000.00 (former strong resistance from the start of March).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Bitcoin

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