#SaylorBTCPurchase Bitcoin (BTC) is showing signs of recovery after it dipped to $92K on April 28, 2025. This leaves market participants to wonder if a massive comeback is brewing. Despite the sharp decline, analysts are seeing positive indicators pointing towards a potential resurgence in the BTC price. As institutional interest grows and global economic factors evolve, the outlook for Bitcoin appears more promising. Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 28, 2025

At 04:55 UTC, Bitcoin broke the support at $94,110, breached a breakout, and dropped to $93,700. Subsequently, at 05:25 UTC, Bitcoin encountered an RSI Oversold situation, indicating a potential trend reversal. As expected, at 05:30 UTC, Bitcoin found support at $93,700 and entered the phase of the trading range. A Golden Cross on 06:05 UTC affirmed this uptrend. Substantially, at 08:45 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. Likely, the Bitcoin price movement resisted at $94,334 and began to experience a brief fall. At 12:35 UTC, Bitcoin found support at $93,700 and began to move in an ascending channel.