Bitcoin Price Analysis: Consolidation at $88K—Surge to $90K Ahead?

Bitcoin is currently priced at $88,447 with a market cap of $1.75 trillion and has shown price consolidation within a narrow trading range. The technical analysis reveals bullish signals on various timeframes, yet caution is advised considering signs of potential momentum cooling. Key resistance and support levels have been identified, influencing trading strategies moving forward.

As of April 22, 2025, Bitcoin’s price stabilised at $88,447, leading to a substantial market capitalisation of $1.75 trillion. The cryptocurrency’s price oscillated between $86,664.84 and $88,874 within a 24-hour trading volume of $36.36 billion, indicating a period of consolidation amidst a market uptrend.

The 1-hour chart reveals a consolidating structure with a slightly bullish aspect. Price action remained in a narrow low-volatility band of 87,500 to 88,800, supported at 87,200 to 87,400. Resistance restrained upward movement around 88,800 to 89,000. Although a decline in trading volume hinted at a temporary slowdown, the lack of aggressive market selling suggests that investors are maintaining their positions. Entry opportunities may present themselves through a breakout above 88,900 or a rebound from 87,400, provided accompanied by sufficient volume.

On the 4-hour chart, a strong bullish momentum was observed post-consolidation, aided by a volume spike near a breakout at 85,000. The price continued to establish higher lows and highs, with buyers dominating short-term fluctuations. Key resistance is situated in the 89,500 to 90,000 region, while any retracement towards 87,000–87,500 is perceived as a buying opportunity within this ongoing uptrend.

A medium-term bullish bias is reinforced by the daily chart, demonstrating a notable V-shaped recovery from a recent low of 74,434. This has propelled Bitcoin into the current trading range, with robust green candles reflecting strong buying sentiment. Previous resistance levels between 84,000 and 85,000 have transitioned to support. Caution is advisable near the critical resistance at 89,000 to 90,000, where past price rejections have occurred.

Neutral signals are seen among oscillators, with the RSI at 60, Stochastic at 93, and CCI at 153 indicating a market equilibrium. The ADX reading of 15 suggests weak trend strength, while the Awesome Oscillator reflects a mild positive bias. Conversely, a sell indicator from the momentum oscillator at 3,268 hints at diminishing short-term movement. Nevertheless, the MACD is signalling a buy at 696, indicating an underlying bullish sentiment.

All moving averages exhibit bullish patterns across various durations apart from the 100-period SMA, which presents a negative signal at 90,834. The exponential moving averages from 10 to 200-periods, along with nearly all simple moving averages, confirmed positive signals. This alignment underscores robust trend support, particularly with the 200-period simple moving average serving as a dynamic support level around 88,358.

Bull Verdict: The structural integrity of Bitcoin across multiple timeframes remains strong, bolstered by bullish signals from both exponential and simple moving averages. The breakout on the 4-hour chart, coupled with supportive daily patterns and a buy signal from the MACD, suggests further potential upside as Bitcoin maintains levels above 87,000, targeting the psychological 90,000 mark.

Bear Verdict: Despite the bullish outlook, caution is necessary as indicators suggest waning momentum. The momentum oscillator’s sell signal and high stochastic readings imply the possibility of a short-term price adjustment. If Bitcoin fails to hold above the crucial 87,000 support with significant volume, it could invalidate the bullish setup, pushing prices towards a deeper retracement within the 84,000–85,000 support range.