‎Bitcoin Enters New Bullish Expansion Phase Amid Strong Market Momentum

‎BTCUSD Market Analysis- May 1st

‎Bitcoin has officially embarked on a fresh bullish expansion phase, building on a gradual price recovery that began in early September 2024.

‎Bitcoin (BTCUSD) Key Levels

‎Support Levels: $76500.00, $57800.00
‎Resistance Levels: $94600.00, $111300.00

‎Bitcoin Long-Term Trend: Bullish

‎This initial wave was marked by a series of modest higher highs, signaling the reawakening of bullish sentiment. The trend intensified in November 2024 when the market experienced a major bullish breakout, characterized by the formation of large bullish candlesticks and accelerating upward momentum.
‎
‎By early 2025, BTCUSD reached a significant peak, but the momentum began to fade, resulting in a notable reversal. This bearish retracement dragged price below the $94,600 level, moving steadily toward the $76,500 demand zone. However, during this decline, a classic reverse head and shoulders pattern emerged — a strong bullish reversal signal.
‎
‎The market responded accordingly, with a sharp bullish reaction reinforced by rising crypto signals from both the daily Relative Strength Index (RSI) and the moving average indicators. With the price now having successfully broken above the $94,600 supply zone, further bullish continuation is expected as momentum strengthens.

‎BTCUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, BTCUSD has confirmed a bullish market structure with a breakout above the $94,600 level, which has now flipped from resistance to support. The 4-hour moving average aligns with this breakout, reinforcing the bullish outlook.
‎
‎However, while price action remains positive, the 4-hour RSI is showing signs of declining momentum, suggesting a short-term retracement may be imminent. A key breaker block on the 4-hour chart is expected to serve as support during this pullback. This zone will likely act as a springboard for the next leg of the bullish trend, providing an ideal entry point for trend continuation.

Make money without lifting your fingers: Start using a world-class auto trading solution

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.