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BTCUSD Technical Analysis - BTCUSD Trading: 2025-04-28
BTCUSD Technical Analysis Summary
Above 94430
Buy Stop
Below 92706
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
BTCUSD Chart Analysis
BTCUSD Technical Analysis
The BTCUSD technical analysis of the price chart on 1-hour timeframe shows BTCUSD: H1 is retracing up under the 200-period moving average MA(200) after retreating to 3-day low today. We believe the bullish momentum will continue after the price breaches above the upper bound of Donchian channel at 94430.0. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 92706.0. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Crypto - BTCUSD
Fidelity reported Bitcoin supply on exchanges is falling. Will the BTCUSD price rebound?
Fidelity Digital Assets reported Bitcoin supply on exchanges is dropping due to public company purchases following the US presidential election. The report says the supply of Bitcoin on exchanges has fallen to roughly 2.6 million BTC, the lowest since November 2018. Publicly-traded companies have acquired nearly 350,000 BTC since November whereas more than 425,000 BTC have moved have moved off exchanges over the same period. Fidelity notes most of the accumulation has been driven by Strategy, the Bitcoin bank co-founded by Michael Saylor. Since November, Strategy has acquired 285,980 BTC, accounting for 81% of the approximately 350,000 BTC purchased by publicly traded companies. Publicly traded companies in Asia have adopted a similar Bitcoin treasury strategy, with Japan’s Metaplanet and Hong Kong’s HK Asia Holdings increasing their Bitcoin allocations. Increasing Bitcoin purchases by public companies is bullish for BTCUSD price.
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