Bitcoin Technical Analysis Report 28th April 2025
Bitcoin has delivered an impressive 11% gain this week marking its best performance of 2025 and the strongest seven-day rally since early November 2024. On April 25, Bitcoin surged to $95,000, a level it hadnt touched since February 24. While gold had initially outpaced Bitcoin, it has since slipped 6% from its recent all-time high, whereas Bitcoin has pushed higher. Adding fuel to the momentum, the U.S. Dollar Index (DXY) plunged to a three-year low on April 21, boosting investor appetite for risk assets. Another encouraging sign for Bitcoins bullish case is the rising inflows into U.S. spot Bitcoin ETFs, which have steadily picked up since April 21, according to Farside Investors.
At the time of writing, BTC was trading at $93,884.
BTC was trading in a downtrend, and the price corrected almost by 32%, dropping to $74,508. The asset made a Long-Legged Spinning Top candle around the key support of $73,500 (which indicated indecision in trend) and started recovering. BTC broke the downsloping trendline and the strong resistance of $90,000 and surged up to $95,758. The asset has strong resistance at $100,000 and $110,000. To rally further, the asset needs to give a breakout above these levels with good volumes.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $73,500 | $90,000 | BTC | $100,000 | $110,000 |
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