Technical analysis of BTC/USD 04/30/2025

BTC/USD Pair (1D): Price Holds in an Uptrend and Is Testing Resistance Zone

BTC price continues to rise after bouncing from the ascending trendline support that connects the lows since September 2024.

The current price is approaching the 23.6% Fibonacci retracement level (≈97,783), which coincides with a local resistance area after the recent recovery.

RSI (14) is at 63.4, indicating a strong but not yet overbought bullish momentum.

Key Levels:

Resistance: 97,783 (23.6% Fibonacci), followed by the all-time high at 109,554 (0.0% Fibonacci).

Support: 88,030 (38.2% Fibonacci and horizontal support zone); next is 79,937 (50% Fibonacci), where the 200-day simple moving average (SMA 200) also lies.

A deeper support level is at 74,781 (61.8% Fibonacci), aligning with the lower boundary of the ascending channel.

Conclusion:

The current trend remains bullish. If the price manages to break and consolidate above 97,783, a retest of the all-time high is possible. However, a pullback to the 88,000–80,000 zone may occur if a rejection from the current resistance level happens.

Created by Joshua Hayn