Weekend Trading Analysis: A Detailed Breakdown of Market Momentum BTC 12th & 13th April 2025

30 Minute Analysis

Following a strong Friday close, BTC opened the weekend with continued bullish momentum on the 30-minute chart. Price found support at the 82.8k level, which helped fuel a push upward to test the highs at 85.6k. However, price struggled to break through this resistance throughout Saturday, eventually pulling back and once again finding support at 82.8k — this time reinforced by a daily descending trendline and the 200 EMA, providing added confluence.

From there, BTC rallied, breaking structure and forming higher highs. Price held above the 50 EMA, with the key level at 84.3k now acting as additional support. Candlestick wicks in this range (83k–85k) suggest a high level of liquidity, signaling that this area is a major battleground for short-term positioning.

Daily Analysis

On the daily timeframe, BTC has posted a strong upward move throughout the week. Volume has consistently remained above the 20MA, reinforcing the validity of the rally. Importantly, price has broken above the descending trendline from December 2024, reclaiming a critical technical level.

However, BTC is now contending with significant resistance — both the 50 EMA and 200 EMA are acting as overhead barriers, and price is struggling to gain momentum through this zone. Of particular concern is the tightening of these EMAs, which hints at the possibility of a death cross. The last death cross on the daily was a major signal that led into a prolonged bear market, so it’s worth watching closely.

Summary:

BTC is showing strong upward pressure after reclaiming key support levels and breaking above the long-standing descending trendline. However, with major resistance looming and EMAs converging, the market could be at a critical inflection point. Volume confirms the strength of this move, but until price can decisively break through the 85.6k level, caution is still warranted. A potential death cross on the daily could flip sentiment quickly if not invalidated soon.