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Source: TradingView & BingX
The 4-hour chart for BTC/USD shows Bitcoin trading at $95,112 as of April 28, 2025, reflecting a slight increase of 1.51% from recent levels. The price has experienced a recovery from a low of $92,749 earlier in the period, now approaching resistance near $95,758, which aligns with prior highs. The 30-period moving average, at $85,658.3, and the 60-period moving average, at $85,442.4, remain below the current price, indicating that the short-term trend remains bullish. The candlestick patterns show a mix of volatility, with a recent bullish push supported by increased volume, suggesting renewed buying interest. The RSI on the 4-hour chart is at 52.22, indicating neutral momentum, while the MACD suggests a potential bullish crossover, suggesting possible upward momentum in the near term.
On the 1-day chart, Bitcoin’s broader trend remains in focus, with the price having climbed from $74,508 in early December 2024 to a peak of $95,112 recently. The daily chart shows the price breaking above a key trendline resistance that had previously capped gains, suggesting a continuation of the bullish trend. However, the price is now testing the upper boundary of a long-term channel, which could act as resistance around the $95,000-$96,000 range. Volume on the daily chart has spiked during recent upward moves, indicating strong buyer participation, though the MACD on this timeframe shows a slight divergence, suggesting caution as momentum may be slowing. The 200-period moving average, currently at $89,861.60, continues to slope upward, supporting the overall bullish trend.
From a technical standpoint, Bitcoin’s position on both the 4-hour and 1-day charts indicates a pivotal moment. The 4-hour chart’s neutral RSI and potential bullish MACD crossover suggest short-term strength, but the price must clear $95,758 to confirm further upside. On the daily chart, the break above the trendline is positive, but the upper channel resistance near $96,000 could pose a challenge. Traders might monitor for a sustained move above $96,000 to signal continued bullish momentum, or a drop below $92,749 could indicate a deeper pullback, with support near $89,000 based on the 200-period moving average.
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