$BTC Bitcoin (BTCUSD) Price Shows More Positive Signs – Today's Forecast – April 29, 2025 $BTC

Bitcoin (BTCUSD) price stabilized higher during recent intraday trading, amid positive technical performance supported by several key technical factors. Most notably, the price maintained its trading position above its 50-day simple moving average, which provides important dynamic support for the continuation of the upward trend.

This performance comes amid the clear dominance of the main upward trend in the short term. The price is moving along an ascending trend line, which acts as vital support that enhances the stability of price movement and indicates that minor declines may be merely temporary corrective movements within the overall upward context. This is in addition to the return of positive signals from the relative strength indicators.