“Bitcoin (BTC) Technical Analysis April 2025: MACD, RSI, On-Chain Metrics, and Future Predictions”

Bitcoin (BTC), the pioneer of cryptocurrencies, continues to dominate the digital asset space. Its price movements are influenced by a myriad of factors, ranging from technical indicators to on-chain metrics. In this blog post, we’ll delve into the technical analysis of BTC, exploring tools like MACD, RSI, and volume analysis, alongside on-chain metrics and future predictions.

Technical Analysis

1. Moving Average Convergence Divergence (MACD)

The MACD indicator for BTC currently shows a bullish crossover, with the MACD line above the signal line. However, the histogram bars are shrinking, indicating a potential slowdown in bullish momentum

2. Relative Strength Index (RSI)

The RSI is hovering in the upper 60s, suggesting positive momentum without entering overbought territory. This indicates room for further upward movement if supported by volume

3. Volume Analysis

Recent trading volume has been moderate, with occasional spikes during price surges. This reflects steady market interest, though a breakout above key resistance levels could reignite stronger momentum

4. Support and Resistance Levels

Support: BTC is holding strong at the $84,000 level, which has acted as a key support zone

Resistance: The next major resistance is at $85,000. A breakout above this level could push BTC toward $86,500–$87,000

On-Chain Analysis

1. Network Activity

Active addresses and transaction volumes remain robust, reflecting healthy network usage. Long-term holders continue to dominate, reducing selling pressure

2. Hash Rate

The hash rate has reached an all-time high, signaling strong network security and miner confidence

3. Exchange Flows

BTC balances on exchanges have been declining, indicating accumulation by long-term holders. This trend supports a bullish outlook

4. Supply Metrics

The percentage of BTC held by long-term holders remains high, contributing to price stability. Retail participation has slowed slightly, but whale activity (wallets holding 100K+ BTC) is increasing

Future Predictions

Bitcoin’s price trajectory looks promising. Analysts predict that BTC could test the $90,000–$95,000 range in the coming months, driven by reduced selling pressure and increasing demand

. However, short-term corrections are possible, especially if BTC fails to break above the $85,000 resistance

Conclusion

Bitcoin’s current technical and on-chain metrics paint a bullish picture, with strong support at $84,000 and potential for further gains. While short-term volatility may persist, the long-term outlook remains optimistic.