Technical analysis and market factors for Bitcoin (BTC/USDT)
In technical analysis, fair value gaps (FVG) refer to areas of imbalance on the chart resulting in a price void from rapid price movement, and it is assumed that the price may return later to fill this void
. These gaps represent incomplete supply or demand areas, and traders consider them potential support or resistance points. Based on the daily, hourly, and 4-hour timeframes, we have identified several potential FVG areas. Below, we will review these areas and their price limits, whether they have been filled or not, incorporating the technical and fundamental factors that support or hinder the price's return to them.
Daily timeframe
On the daily timeframe, three newly formed major bullish fair value gaps appeared, all formed during the recent strong rises. These areas are approximately:
April 21, 2025 (Bullish Gap) between $85,306 and $87,084.
April 22, 2025 (Bullish Gap) between $88,460 and $91,963.
May 1, 2025 (Bullish Gap) between $95,249 and $96,375.
Data shows that the price reached at or above these levels after the gaps formed, indicating that the gaps have been processed (visited) and are now filled. For example, Bitcoin jumped to about $96.89 thousand on May 2
, which pushed it to break the last range and bring the price back inside the area. Technically, bullish momentum remains prominent on the daily chart. According to Binance's weekly analysis (April 25, 2025), the weekly RSI was around 57 (bullish) and did not reach oversold areas
The MACD indicator was below the signal line but is approaching a bullish crossover
. The price is also above the short and long-term moving averages (LSMA 9 and 25), which confirms the continuity of the bullish trend
. There is also a psychological resistance at $95,144 and then $100,000
. On the fundamental side, supporting factors include positive market sentiment. The crypto fear and greed index indicates a 'greed' (~65) state in early May
, which reduces pressure on the Fed and supports risk assets like Bitcoin. All these factors support the likelihood of the bullish trend continuing and the price retesting the FVG levels as support during corrections.
4-hour timeframe
On the 4-hour timeframe, we can identify several significant price gaps resulting from sharp movements. For example, a bullish gap around $85,241–$87,051 (formed on April 21) and another bullish gap around $88,674–$90,711 (on April 22). Additionally, another bullish gap appeared at $91,731–$92,651 later on April 22. All these gaps have been covered by consecutive price increases, as the price later returned above their limits, making their status 'Filled'. From a technical perspective in the short term, Bitcoin continues to trade within a bullish channel on the 4-hour timeframe, where the 50 moving average supports being above the 200. The RSI on the 4-hour timeframe is tilting upwards (above 60), indicating medium-term positive momentum. MACD signals have started to show a bullish convergence. These technical data suggest the continuity of upward pressure, with the possibility that the price will test previous gaps (as potential support) in case of minor corrective pullbacks.
Hourly timeframe
On the hourly timeframe (1 hour), smaller price gaps formed during daily volatility stand out. For example: a bullish gap around $95,212–$95,640 formed on May 1, and another bullish gap at $96,660–$96,867 (May 1), along with a bearish gap in the range of $97,157–$97,212 formed on May 2. Price movement has extended above these areas or temporarily returned to visit them after the rapid rise, making most of them covered (filled). Short-term indicators support the ongoing bullish momentum; Bitcoin is trading in a medium overbought zone according to the daily RSI (near 68)
, and the short-term MACD is in a positive position. This indicates that any correction may lead to a temporary pullback towards these FVG levels before returning to rise, especially with the strength of current liquidity and trading volume.
Table of potential price gap areas
Timeframe Type of Gap Minimum (Dollar) Maximum (Dollar) Status
Daily Bullish 85,306 87,084 Filled (Covered)
Daily Bullish 88,460 91,963 Filled (Covered)
Daily Bullish 95,249 96,375 Filled (Covered)
4 hours Bullish 85,241 87,051 Filled (Covered)
4 hours Bullish 88,674 90,711 Filled (Covered)
4 hours Bullish 91,731 92,651 Filled (Covered)
Hourly Bullish 95,212 95,640 Filled (Covered)
Hourly Bullish 96,660 96,867 Filled (Covered)
Hourly Bearish 97,157 97,212 Filled (Covered)
Overall, technical analysis shows that Bitcoin is trending bullishly on the mentioned timeframes, with strong positive momentum supported by price increases and liquidity movement
. However, those gap areas remain potential bounce points – the price may try to fill these gaps (by testing their limits in the event of any pullback amid continuing bullish momentum. Fundamentally, the decline in U.S. inflation supports this
And the stability of monetary policies reinforces investors' beliefs in Bitcoin's growth potential, along with positive expectations regarding more flexible regulatory frameworks (such as delaying ETF decisions until June 2025 and Paul Atkins taking a supportive role for digital currencies
Therefore, despite the strength of the bullish trend, it is wise to monitor these price gaps as potential entry points or support areas if the price retests them.
