Bitcoin ($BTC) Technical Outlook – April 29, 2025

Bitcoin remains caught in a tight range, currently facing strong resistance near the $95,500 level while maintaining support above $94,200. The market structure on the H4 chart suggests continued consolidation, but directional bias is still unclear.

Key Observations:

Support Zone: Price is holding firmly above $93,500 – a critical threshold to maintain for bullish momentum.

Resistance Area: The $95,500 level remains a strong cap; if breached, the next key resistance lies between $97,500 – $98,000.

Potential Scenario: If BTC moves toward the upper band of this channel, we could see a liquidity grab or fake breakout before a corrective move begins.

Bearish Risk: A breakdown below $93,500 could trigger a retest of $92,000–$92,500, with deeper correction levels extending to $90,000 or even $88,000.

Long Setup: For high-conviction long entries, areas around $88,000 may offer optimal risk-reward — especially if broader sentiment remains bullish.

The structure hints at a potential bearish correction following one final upward move — possibly by the end of this week or early next week. Traders should closely watch the $97,500–$98,000 range for signs of local topping and possible trend reversal.

Posted as part of my #WriteToEarn contributions on Binance Square (@NoriFtm), aimed at providing clear and actionable market insights.

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