The price of Bitcoin (BTCUSD) shows more positive signs – Today's forecast – 29-04-2025

The price of Bitcoin (BTCUSD) has stabilized with an upward trend during its recent intraday trading, supported by positive technical performance backed by several key technical factors, foremost of which is the price maintaining its trading above its 50-day simple moving average, which provides important dynamic support that sustains the upward trend.

This performance comes amid a clear dominance of the main upward trend in the short term, as the price moves along an upward trend line that acts as a vital support enhancing the stability of the price movement, indicating that minor pullbacks may be merely temporary corrective movements within the general upward context, in addition to the return of positive signals in the relative strength indicators.#BTCRebound