$BTC Bitcoin (BTC/USDT) Market Update – 28 April 2025

Today, Bitcoin is showing signs of range-bound consolidation after last week’s sharp movements.

Currently trading around $62,800, BTC is hovering between key support at $61,500 and resistance at $64,000.

Technical Outlook:

Support Zone: $61,500 – $61,000

Resistance Zone: $64,000 – $64,500

Trend: Short-term sideways; medium-term bullish bias still intact as long as price stays above $60,000.

Indicators:

RSI hovering around 48-52 (neutral zone) — no strong momentum yet.

4H Moving Averages (50 MA) acting as near-term support.

Important Notes:

A break above $64,000 could open the door for a retest of $66,500 levels.

Failure to hold $61,500 may trigger a deeper pullback towards $59,200.

Sentiment:

Market is in wait-and-watch mode — traders should be cautious, avoid over-leveraging, and watch for clear breakout confirmations before entering new positions.