Bitcoin Signals Bullish Reversal – Technical Analysis For April 29, 2025

Bitcoin is initiating a promising recovery: find our complete analysis and the current technical outlook for BTC.

BTC/USD Technical Analysis

Indicator	Status	Comment
BTC Spot Price	$94,925	Consolidation below key resistance at $95,150; technical level to watch for bullish confirmation.
Recent Weekly Changes	+10.17%	Major technical rebound, strongest weekly gain since November 2024.
Recent Weekly Volumes	35B (+73%)	Significant surge in activity, validating momentum recovery.
Long-term Trend (SMA 200)	Bullish	Trend intact, supporting a positive long-term bias.
Medium-term Trend (SMA 50)	Bullish	Confirmed reversal signals to the upside.
Short-term Trend (SMA 20)	Bullish	Complete alignment of averages favoring bulls.
Momentum	Recovery	Technical divergence indicating potential continuation of the movement.
Resistances	$95,150 / $100,000	Critical zones, potential distribution thresholds.
Support	$82,750 / $78,500	Major defense levels, probable accumulation zones.
Value Area	$96,600 / $67,350	Likely liquidity band and market equilibrium.
Market Sentiment (Fear & Greed Index)	Greed	Euphoric sentiment confirming renewed risk appetite.
BTC Spot ETF Flows (net flows)	Significant inflows	Institutional flows support the current trend.

Bitcoin is currently consolidating below the key resistance level of $95,150 after recording its strongest weekly increase (+10.17%) since November 2024. The rebound in weekly volumes (+73%) attests to a sharp recovery in activity. The trend remains bullish across all horizons (short, medium, and long term), confirmed by the positions of moving averages (SMA 20, 50, and 200) and a bullish divergence signal on momentum. Main resistances are located at $95,150 and $100,000, while major support is identified between $82,750 and $78,500. The value area ranges from $96,600 to $67,350. Market sentiment leans toward greed, and inflows into Bitcoin spot ETFs are rising sharply, reinforcing the bullish momentum.

The current technical analysis was conducted in collaboration with Elyfe, an investor and educator in the cryptocurrency market.

Derivatives Analysis (BTC/USDT)

Indicator	Status	Comment
Open interest	Rising	Return of speculative activity, validating bullish conviction.
CVD	Buyer dominance	Buyers regain control, possible bullish leverage effect.
Liquidation	Strong, on shorts	Squeeze on short sellers, potential upward momentum driver.
Funding rate	Slightly positive	Bullish positioning but not extreme; no overheating.

In BTC/USDT derivatives, an increase in open interest is observed, indicating renewed speculative interest after a phase of stability. The CVD is rebounding, signaling recent buyer predominance. Strong liquidations have occurred on the shorts side, confirming upward pressure on the market. The funding rate is slightly positive, reflecting moderate buying demand without excessive optimism.

Indicator	Status	Comment
Seller Liquidation Zone	≈ $96,000 – $98,000 / $100,000 & $107,400	Sensitive areas in case of breakout, risk of movement amplification.
Buyer Liquidation Zone	≈ $84,000 – $81,000 / $74,400 – $73,400	Critical thresholds to the downside, potential flush zones.

The main seller liquidation zones are located between $96,000 and $98,000, as well as near $100,000 and $107,400, constituting critical levels likely to amplify a bullish acceleration. Conversely, the main buyer liquidation zones are between $84,000 and $81,000, then between $74,400 and $73,400, the latter representing a strategic threshold in case of a prolonged correction without buyer support.

Bitcoin (BTC) Price Forecast

Bullish Scenario:

• Conditions: Stay above $91,600.
  
• Targets: $95,150 / $100,000 / $107,000 / ATH at $109,354.
  
• Potential: Approximately +15% from the current level.

Bearish Scenario:

• Conditions: Break below support at $91,600.
  
• Targets: $84,000 / $82,700 / $81,300 / $79,000 / $74,500.
  
• Potential: Drop of up to -21%.

Commentary:

The bias is currently bullish, but the approach of U.S. economic data (GDP, PCE) will be decisive to validate this scenario.

Conclusion

Bitcoin is evolving in a bullish dynamic driven by a solid technical recovery and renewed market interest. The trend remains positive as long as major support levels hold. Particular attention must be paid to price reactions at key zones and macroeconomic factors that could quickly influence the market direction. In this context, closely monitoring price reactions at strategic levels will be essential to confirm or adjust the current forecasts.

Finally, remember that these analyses are based solely on technical criteria, and cryptocurrency prices can evolve rapidly according to other more fundamental factors.