Bitcoin/US Dollar (BTC/USD)
Price Action Observations:
Trend: Strong bullish trend — price is above the middle Bollinger Band and riding the upper band.
Current Price: ~$95,410 (as of the chart time).
Immediate resistance near the upper Bollinger Band (~$95,921).
A major horizontal resistance is at around $98,000 (thick black line).
Local pivot/support zone marked around $92,400 – $93,100 (purple horizontal lines).
20-SMA (middle BB) acts as dynamic support (~$93,085).
Stronger support around $90,200 (lower BB).
Volume increasing on the bullish candles after the breakout around the 21st-22nd April.
Higher volume on green candles suggests genuine buying interest — not just a low-volume rally.
Bollinger Bands: Bands are expanding — classic signal for a volatile move.
Price is walking the upper band → continuation pattern as long as price doesn't break below the 20-SMA.
Trendlines: Ascending trendline beneath the current price → confirming higher lows.
There is a larger upper channel line sloping upwards targeting ~$105,000–$106,000.
Bias: Strong Bullish
Above 92,400–93,100 pivot zone = bullish structure maintained.
Immediate target: $98,000
Stretch target: $100,000 - $105,000 (upper channel resistance)
Invalidation: If price closes below ~$92,000 (break below pivot + mid-BB).
Fundamental Analysis (as of April 25, 2025):
If US Dollar (DXY) is weakening, it favors Bitcoin.
Fed policies — if there’s talk of rate cuts or holding rates steady, Bitcoin rallies.
Halving hype: Bitcoin halving happened earlier in 2024. Historically, it leads to a delayed but strong rally about 12-18 months later — we are now entering that "parabolic" zone.
ETF Inflows: BTC ETFs launched earlier have been drawing huge institutional interest.
Supply Shock: Fewer Bitcoins available on exchanges post-halving = price pressure upwards.
Global uncertainty (recession fears, wars, bank failures) = safe-haven demand for BTC.
Bitcoin being seen as "digital gold" strengthens its position.
My Final View:
Bitcoin remains in a strong bullish structure technically and fundamentally.
As long as it holds above ~$92,000–$93,000 zone, expect moves toward $98,000–$100,000+. A deeper retrace to $90,200 could still maintain the bull trend, but below that would signal weakness.
Price Action Observations:
Trend: Strong bullish trend — price is above the middle Bollinger Band and riding the upper band.
Current Price: ~$95,410 (as of the chart time).
Immediate resistance near the upper Bollinger Band (~$95,921).
A major horizontal resistance is at around $98,000 (thick black line).
Local pivot/support zone marked around $92,400 – $93,100 (purple horizontal lines).
20-SMA (middle BB) acts as dynamic support (~$93,085).
Stronger support around $90,200 (lower BB).
Volume increasing on the bullish candles after the breakout around the 21st-22nd April.
Higher volume on green candles suggests genuine buying interest — not just a low-volume rally.
Bollinger Bands: Bands are expanding — classic signal for a volatile move.
Price is walking the upper band → continuation pattern as long as price doesn't break below the 20-SMA.
Trendlines: Ascending trendline beneath the current price → confirming higher lows.
There is a larger upper channel line sloping upwards targeting ~$105,000–$106,000.
Bias: Strong Bullish
Above 92,400–93,100 pivot zone = bullish structure maintained.
Immediate target: $98,000
Stretch target: $100,000 - $105,000 (upper channel resistance)
Invalidation: If price closes below ~$92,000 (break below pivot + mid-BB).
Fundamental Analysis (as of April 25, 2025):
If US Dollar (DXY) is weakening, it favors Bitcoin.
Fed policies — if there’s talk of rate cuts or holding rates steady, Bitcoin rallies.
Halving hype: Bitcoin halving happened earlier in 2024. Historically, it leads to a delayed but strong rally about 12-18 months later — we are now entering that "parabolic" zone.
ETF Inflows: BTC ETFs launched earlier have been drawing huge institutional interest.
Supply Shock: Fewer Bitcoins available on exchanges post-halving = price pressure upwards.
Global uncertainty (recession fears, wars, bank failures) = safe-haven demand for BTC.
Bitcoin being seen as "digital gold" strengthens its position.
My Final View:
Bitcoin remains in a strong bullish structure technically and fundamentally.
As long as it holds above ~$92,000–$93,000 zone, expect moves toward $98,000–$100,000+. A deeper retrace to $90,200 could still maintain the bull trend, but below that would signal weakness.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.