Analysis of BTC/USD for 4h

6/1/2025

Analysis of BTC/USD

Based on the provided data for the BTC/USD pair on a 4-hour interval:

1. **Price Movement**: The price of Bitcoin against the US Dollar has been fluctuating within a range, with the closing prices ranging from $85143.11 to $87689.44 over the past 24 hours.

2. **Relative Strength Index (RSI)**: The RSI values have been fluctuating around the mid-range (between 30 and 70), indicating a balanced momentum between buying and selling pressure.

3. **Moving Average Convergence Divergence (MACD)**: The MACD line has been crossing above and below the signal line, suggesting potential shifts in momentum. The MACD histogram has been negative, indicating a bearish trend.

4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) have been relatively close to each other, indicating a stable trend.

5. **Price Levels**: The price has been trading within a range, with support around $85105.00 and resistance around $87790.12.

Overall, the market for BTC/USD on a 4-hour interval appears to be consolidating within a range, with no clear trend direction. Traders may need to wait for a breakout above resistance or below support to determine the next potential price movement.