The volatile nature of bitcoin continues to draw attention as the cryptocurrency oscillated around $83,155 on April 3, 2025. This price instability punctuated a high-volume trading session characterized by notable intraday swings. Market participants are currently navigating mixed signals across multiple timeframes, suggesting a sense of indecision.
A look at the daily chart reveals a recent peak near $94,000, followed by a significant retracement to around $81,000, an indication of a corrective phase. Despite this retracement, a subsequent recovery towards $84,000 signals that buyers remain active near the lower boundary, particularly within the $81,000 to $82,000 support zone. However, a spike in volume on the red candle hints at aggressive selling pressure, suggesting that a failure to maintain current levels could trigger a deeper pullback. Resistance remains substantial between $88,000 and $90,000, highlighting the need for traders to remain alert for potential price stalling or reversals.
From the 4-hour chart perspective, bitcoin demonstrated a clear rejection at $88,500, marked by a sharp wick and subsequent sell-off. The current price structure is nestled between $83,000 and $85,000, forming a tight consolidation band. Interestingly, a flash crash to $81,100 revealed strong buying interest, potentially driven by liquidity grabs or stop-hunting behavior by larger entities.
The 1-hour chart portrays a pronounced stair-step decline following rejection at $88,500, with substantial institutional-sized red volume confirming bearish sentiment. Short-term traders might consider looking for a bullish signal, such as a double bottom or bullish engulfing candle, within the $82,500 to $83,000 zone.
Technical indicators present a mixed-to-neutral sentiment. With the relative strength index (RSI) at 45, Stochastic at 31, commodity channel index (CCI) at −75, average directional index (ADX) at 20, and a negative momentum oscillator, the overall sentiment leans towards the bearish side. The moving average convergence divergence (MACD) level is the lone buy indicator, suggesting possible underlying divergence or a pending reversal in momentum.
However, the moving averages remain universally bearish across all major timeframes. Both the exponential moving averages (EMA) and simple moving averages (SMA) for 10, 20, 30, 50, 100, and 200 periods all signal a sell. With the 10-period EMA at $83,889 and SMA at $84,417, each above the current price, the trend continues to be under pressure.
For bullish traders, the key lies in defending the $81,000 to $83,000 support zone, which has historically attracted buyers across multiple timeframes. A confirmed reversal pattern such as a double bottom or bullish engulfing candle, paired with a bullish crossover in the MACD, could trigger a short-term rally.
On the contrary, bearish traders retain control as long as bitcoin remains below the cluster of moving averages, all signaling a sell bias. A decisive breakdown below the $81,000 support could invalidate bullish setups and pave the way toward lower liquidity zones in the $78,000 to $76,000 range.
In conclusion, with bitcoin’s price displaying high volatility and mixed signals, traders may need to remain cautious and vigilant. The ongoing tug-of-war between the bulls and bears will undoubtedly shape the trajectory of the cryptocurrency in the days to come.
