As of May 2, 2025, Bitcoin (BTC/USD) is trading around $96,670. After a sharp drop in late April, BTC saw a swift rebound to above $97,500, but upward momentum has faded, and the pair is now range-bound. Technical indicators such as moving averages (MA), ADX, and DMI are suggesting the trend may be weakening and a correction could be on the horizon.
The 50-hour moving average (blue line) is acting as short-term support, now near $95,800. BTC/USD continues to trade above this level, but repeated rejections near $97,000–$97,500 indicate strong selling pressure. The 200-hour MA (red line) at $93,500 still trends upward, signaling long-term bullish bias. However, small-bodied candles and upper wicks show weakening buyer strength near resistance.
The ADX (yellow) is falling from recent highs around 0.60, now near 0.55, showing decreasing trend strength. The gap between +DI (green) and −DI (red) is narrowing, indicating a potential for consolidation or trend reversal. If the lines cross and ADX continues to drop, a sideways or bearish move is likely.
Volume has been declining as price approaches $97,000. This divergence between price and volume is a warning sign of fading buying pressure. A break below $96,000 with increasing volume could trigger a drop toward the $94,000–$93,500 zone.
※ Image source: cTrader platform
Bullish Breakout Scenario
Entry: Above $97,500
Target: $98,500
Stop Loss: Below $96,300
Bearish Pullback Scenario
Entry: Below $96,000
Target: $94,000
Stop Loss: Above $97,300
Range Strategy
Entry: Between $95,800–$97,000
Target: Trade range extremes
Stop Loss: Exit on breakout
BTC/USD appears to be in a consolidation phase with upside capped near $97,000. Technical indicators suggest a weakening trend and potential for a pullback. Traders should monitor key levels closely and wait for clear breakouts or reversals before committing to positions.
This article is for informational purposes only and does not constitute investment advice. All trading decisions should be made at your own discretion.
For more FX and crypto insights, visit the FIXIO blog regularly.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
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