BTC/USDT Analysis – April 29, 2025

The price of Bitcoin has shown relative stability above the strong support area at $62,000, indicating that buyers are holding onto the level, while facing major resistance near $65,000.

On the 4-hour timeframe, the price is moving within a sideways channel, keeping the possibility of a breakout in both directions open.

The RSI indicator shows a balance between selling and buying.

If the resistance is broken, the price may target $67,500 as the first objective.

However, if the support is lost, the possibility of a drop towards $60,000 remains likely.

Quick Overview:

Support: 62,000

Resistance: 65,000

Overall Trend: Sideways

Recommendation: Wait for a breakout to confirm the trend