Bitcoin exhibited a steady bullish structure on the daily chart, with the pair btc/usd advancing from a significant low of $74,434 to a recent peak near $95,857. Volume analysis confirmed genuine buying pressure during the rally, though recent sessions recorded a slight tapering in volume. The candlestick structure reflected emerging small red candles at the highs, signaling a possible pause or consolidation phase. Daily support levels were established around $84,000 to $86,000, while resistance firmly sat between $95,000 and $96,000. Traders are advised to monitor pullbacks toward $88,000–$90,000 for strategic entries if the broader bullish trend remains intact.
BTC/USD 1D chart on Bitstamp on April 28, 2025.
On the 4-hour chart, bitcoin demonstrated a strong bullish trajectory from $83,974 to $95,857, followed by a sideways consolidation phase. Volume tapered off as the price moved laterally, indicating a possible distribution phase in development. Subtle lower highs began forming after the peak, hinting at weakening momentum without confirming a full trend reversal. A decisive breakout above $96,000 with supporting volume could initiate a continuation rally, whereas a dip to $93,000 may provide a favorable re-entry point. However, a fall below $92,000 would likely trigger a deeper correction.
BTC/USD 4H chart on Bitstamp on April 28, 2025.
Short-term dynamics on the 1-hour chart showed a rebound from $92,846 to $95,477, with the formation of higher lows suggesting a mini-uptrend within a broader sideways range. Green volume spikes reinforced the legitimacy of the recent rebound, providing confidence for bullish traders. A breakout above $95,500 would likely push the price to retest highs between $95,857 and $96,000. On the downside, rejection near this level could lead to quick profit-taking, and stop-loss placements are recommended just under $94,300 to guard against false breakouts.
BTC/USD 1H chart on Bitstamp on April 28, 2025.
From an oscillator perspective, mixed signals emerged across key indicators. The relative strength index (RSI) at 69 remained neutral, as did the Stochastic at 90 and the average directional index (ADX) at 28, while the commodity channel index (CCI) at 108 indicated a sell signal. Meanwhile, the momentum oscillator reflected a buy sentiment at 10,921, and the moving average convergence divergence (MACD) level supported bullish positioning at 2,963. These readings suggested caution but underscored the potential for renewed bullish momentum if volume increased.
Moving averages (MAs) continued to support the bullish case for bitcoin. All key averages, including the exponential moving average (EMA) and simple moving average (SMA) across 10, 20, 30, 50, 100, and 200 periods, flashed bullish signals. Notably, the exponential moving average (10) and simple moving average (10) stood at $92,059 and $91,753 respectively, well beneath current prices, reinforcing a strong bullish bias. As long as bitcoin sustains above its major moving averages, the broader trend remains upward, but traders should remain vigilant near critical resistance zones.
Bull Verdict:
If bitcoin decisively breaks above the $96,500 resistance with strong volume confirmation, the bullish momentum is likely to accelerate, targeting the $98,000 to $100,000 range. The firm support of all major moving averages and the positive signals from key momentum indicators favor the continuation of the uptrend.
Bear Verdict:
If bitcoin fails to overcome the $96,000 barrier and breaks below the $92,000 support level, the probability of a deeper retracement increases significantly, potentially dragging the price down to the $88,000 or even $84,000 zones. Oscillator neutrality and signs of exhaustion near the highs suggest caution is warranted in the short term.
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