Market Analysis of Bitcoin on Wednesday 29 April 2025

2026-04-29 01:59Source:BtcDana

Bitcoin / Dollar intraday: rebound
 
Our pivot point stands at 75390.
 
Our preference:
Rebound.
 
Alternative scenario:
Below 75390, expect 74230 and 73540.
 
Comment:
The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (76212) but under its 50 period moving average (76529).

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