Previous Analysis Recap (April 22nd)
In our last review, we discussed:
- A bullish breakout from a consolidation triangle
- The reclaim of the $87,000 resistance zone
- RSI moving back above neutral → early signs of renewed strength
The key takeaway then was that BTC was setting up for upside provided it could hold above $87,000.
As of today, BTC has confirmed that move, clearing resistance, retesting, and pushing higher.
Price Update – April 28, 2025
- Current Price: $95,355
- Key Resistance Cleared: $87,000–$89,000
- Next Targets: $98,000 → $104,000 → $110,000 (ATH)
Technical Analysis – Fresh Insights
Structure: Breakout Confirmed
- BTC broke out above the $87,000 supply zone and has now turned it into support — classic breakout and retest behavior.
- Price is trading well above the 50-day ($86,920) and 200-day ($80,607) moving averages.
- The macro trend is clearly back to bullish.
RSI Momentum: Bullish But Not Overheated
- RSI at 63.16 – bullish, but still comfortably below extreme levels (70+).
- Suggests there is still room to rally before reaching overbought conditions.
Support and Resistance Key Levels
| Level | Type | Status |
|---|---|---|
| 86,900–87,900 | Former resistance, now support | Confirmed flip |
| 93,300 | Minor pivot | Testing zone now |
| 98,000 | Next psychological resistance | Target 1 |
| 104,000 | R2 Pivot resistance | Target 2 |
| 110,150 | ATH (All-Time High) | Grand target |
🟢 Bullish Catalysts
- Breakout and retest strategy is holding well.
- Macro risk sentiment is shaky (stocks weak, dollar weak), which enhances BTC’s alternative-asset appeal.
- ETF inflows and institutional adoption narratives remain strong (supporting technical moves).
- Technically, BTC behaves very similar to 2020 post-halving rallies.
🔴 Risks to Monitor
- Macro liquidity shocks could temporarily pressure BTC (e.g., if yields spike higher again).
- A failure to defend 87,000 would invalidate the immediate bullish view — but currently no signs of this.
Quick Summary
| Metric | Signal | Interpretation |
|---|---|---|
| Price vs MA | Above 50/200 MA | ✅ Strong bullish trend |
| RSI | 63.16 | ✅ Healthy upside potential |
| Breakout Confirmation | Yes | ✅ Successful |
| Macro backdrop | Positive | ✅ BTC viewed as hedge/alt-asset |
The Bullish Case Is Strengthening
| Timeframe | Bias | Key Trigger |
|---|---|---|
| Short-Term | Bullish | Hold above $87,000 |
| Medium-Term | Bullish | Push above $98,000 toward $104,000 |
| Long-Term | Bullish | ATH at $110,000 likely retested in coming months |
The correction appears complete.
Bitcoin is now targeting new highs, and if momentum holds through $98,000–$104,000, the 2025 ATH breakout becomes the major story of the year.
BTC bulls have seized control.
With the breakout confirmed, pullbacks are buy opportunities unless $87K fails — but that is unlikely based on current market strength.
