Bitcoin Price Analysis: Will $86,000 Resistance Break? 18 April 2025

As of April 18, 2025, bitcoin’s price stabilises around $84,549, ranging between key resistance at $86,000 and support at $82,000. Market dynamics are influenced by Federal Reserve Chairman Jerome Powell’s remarks on tariffs, which temporarily spooked the market. Presently, there’s potential for both bullish and bearish outcomes in bitcoin’s short-term trading strategies, with liquidity and trading volumes showing mixed behaviour.

On April 18, 2025, bitcoin’s price was approximately $84,549. The cryptocurrency has been fluctuating within a defined range after encountering a lower high of $88,772 and a support level near $74,434. The current consolidation phase has identified $86,000 as key resistance, while $82,000 serves as significant support. A decisive movement above $86,000 could signal renewed bullish momentum, whereas a fall below $82,000 may lead to retesting mid-$70,000s levels.

The 4-hour chart indicates bitcoin has settled into a trading range between $83,031 and $86,450, exhibiting mixed candlestick patterns and lower volatility. A breakout above $86,450 with increased trading volume would affirm bullish tendencies, inversely, a drop below $83,031 would likely trigger increased selling pressure. Traders are advised to utilise tight stop orders to navigate the volatile market environment.

On the 1-hour chart, a descending price channel has formed since a peak at $85,478, with recent lows around $83,751. Momentum remains dull, suggesting a strategy focused on scalping within the $83,750 to $84,000 range could be optimal. A breakdown past $83,750, especially on heightened volume, might drive bitcoin towards the $83,000 mark.

Oscillator indicators paint a neutral picture, with relevant measures such as the relative strength index (RSI) at 52 and Stochastic at 84. However, the momentum (MOM) reading signifies bullish potential, alongside a MACD level indicating buying signals. Short-term moving averages reflect a bullish trend, while longer-term averages suggest a bearish outlook, emphasising the mixed signals within the market.

If bitcoin surpasses the $86,000 threshold with significant volume and maintains position above key moving averages, it may trend towards $90,000. Conversely, breaking below $82,000 could unveil deeper support testing in the mid-$70,000 range.

After Federal Reserve Chairman Jerome Powell’s negative trade policy remarks triggered a dip, the cryptocurrency saw a swift recovery from $83,000 during post-market hours. Powell’s comments hinted at impending economic challenges resulting from President Trump’s tariff increases, causing an immediate 2% drop in bitcoin’s value.

Currently, bitcoin trades at $84,891.80, representing a minor increase of 0.12% within 24 hours, and showcasing a notable 7.09% rise over the past week. The trading volume decreased by 7.13% to $24.59 billion, with the market capitalisation reflecting a slight 0.11% downturn.

Futures activity witnessed a decline, with total open interest decreasing by 0.54%. Liquidation figures revealed that short sellers faced the largest losses, further indicating solid market confidence. Powell’s warning regarding tariff impacts elaborated on the economic complexities introducing potential stagflation scenarios for both policy makers and markets.

Despite the recent correlation with stock markets, analysts suggest that bitcoin may eventually decouple from traditional assets, pending shifts in the global economic landscape. A sustained divergence from equities is contingent upon substantial changes in the international monetary system.