📊BTC/USD Price Action Update – April 29, 2025
🔹Current Price: 94,371.51
🔹Timeframe: 1H
📌Key Supply Zone (Resistance):
🔴95,781.91 – Major Resistance (previous swing high)
📌Key Demand Zone (Support):
🟢91,711–92,122 – Strong Demand Zone (major bullish origin area)
📈Bullish Outlook:
Price is consolidating between resistance and demand. If BTC holds above 94,000 and builds bullish momentum, we could see a retest of the 95,781 high. Breakout above 95,781 may trigger further upside.
📉Bearish Outlook:
Failure to hold 94,000 could lead to a drop toward the 91,711–92,122 demand zone. Watch for reaction at demand to find potential reversal opportunities.
⚡Trade Setup Tip:
✅Wait for clean break and retest above 94,500 for bullish continuation
✅Look for longs at 91,711–92,122 with confirmation
✅Use stop-loss carefully to protect against sharp moves
#BTCUSD #BitcoinAnalysis #CryptoTrading #SmartMoneyConcepts #PriceAction #FXFOREVER #CryptoUpdate #SupplyAndDemand #BreakOfStructure #MarketUpdate
🔹Current Price: 94,371.51
🔹Timeframe: 1H
📌Key Supply Zone (Resistance):
🔴95,781.91 – Major Resistance (previous swing high)
📌Key Demand Zone (Support):
🟢91,711–92,122 – Strong Demand Zone (major bullish origin area)
📈Bullish Outlook:
Price is consolidating between resistance and demand. If BTC holds above 94,000 and builds bullish momentum, we could see a retest of the 95,781 high. Breakout above 95,781 may trigger further upside.
📉Bearish Outlook:
Failure to hold 94,000 could lead to a drop toward the 91,711–92,122 demand zone. Watch for reaction at demand to find potential reversal opportunities.
⚡Trade Setup Tip:
✅Wait for clean break and retest above 94,500 for bullish continuation
✅Look for longs at 91,711–92,122 with confirmation
✅Use stop-loss carefully to protect against sharp moves
#BTCUSD #BitcoinAnalysis #CryptoTrading #SmartMoneyConcepts #PriceAction #FXFOREVER #CryptoUpdate #SupplyAndDemand #BreakOfStructure #MarketUpdate
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.