Bitcoin Technical Analysis Report 21st April 2025
Bitcoin slipped to a three-day low on April 20, dipping to $83,974 before staging a modest rebound ahead of the weekly close. Despite the relatively calm weekend action, concerns remain about the durability of current support levels, with analysts warning that a liquidity sweep may be imminent. Broader market sentiment has turned cautious as former President Donald Trumps escalating global trade war drives capital into traditional safe havens like gold. This shift is reflected in Bitcoin ETF flows, which have now seen cumulative outflows of $12.38 billion signaling mounting investor hesitation in the face of geopolitical and macroeconomic uncertainty.
At the time of writing, BTC was trading at $87,254.
BTC, after making the all-time high of $109,588, started to trade in a downtrend, and the price corrected by almost 32%, making a low of $74,508. The asset formed a Long-Legged Spinning Top candle near the key support of $73,500 (which indicated indecision in trend), and the price bounced up to $86,000. Post this move, BTC started consolidating and was trading in a range from $83,000 to $86,000. The asset has given a breakout above the range. However, to witness a further rally, the asset needs to break, close, and sustain above the key resistance level of $90,000.
Key Levels
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $73,500 | $80,000 | BTC | $90,000 | $105,000 |
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