BTC/USDT Analysis – April 29, 2025

The price of Bitcoin has stabilized relatively above the strong support area at $62,000, indicating that buyers are holding onto this level, while facing major resistance near $65,000.

On the 4-hour time frame, the price is moving within a sideways channel, keeping the chances of a breakout in both directions alive.

The RSI indicator shows a balance between selling and buying.