BTC/USDT Technical Outlook – Still Bullish Momentum Ahead
May 1, 2025
Bitcoin continues its bullish run, currently trading at $96,707 with a 24-hour gain of +2.75%. The breakout from the $94K level and strong continuation signals that bullish momentum is likely to persist.
Key Technical Insights:
On the 30-minute chart, BTC broke out sharply and is consolidating near its local high of $97,424. The price remains comfortably above the MA(25) and MA(99), a strong sign of trend continuation.
On the weekly chart, Bitcoin has made a significant recovery from the $67.5K zone, and candles are now forming above the MA(25). This is a classic bullish signal in mid- to long-term trends.
Volume & Sentiment:
Healthy market participation is shown by 24h volumes of over 21,000 BTC and 2.02B USDT.
Despite a heavier ask-side in the order book, the consistent buying pressure suggests bulls are still in control.
What’s Next?
Short-term resistance at $97.4K is within reach. A breakout above could pave the way to $100K and beyond.
As long as BTC holds above $96K, the bullish structure remains intact.
Technical indicators and price action both point toward further upside in the coming days and weeks.
Conclusion:
Bitcoin remains in a strong bullish phase, supported by momentum, structure, and volume. Dips may continue to be buying opportunities unless key support levels break.
