Bitcoin Recovers From $92K Drop – Is a Massive Comeback Ahead?

Bitcoin (BTC) is showing signs of recovery after it dipped to $92K on April 28, 2025. This leaves market participants to wonder if a massive comeback is brewing. Despite the sharp decline, analysts are seeing positive indicators pointing towards a potential resurgence in the BTC price. As institutional interest grows and global economic factors evolve, the outlook for Bitcoin appears more promising. Investors who are looking to capitalize should utilize this opportunity. But before making a big move, closely monitor the BTC price movement to make an informed decision

Here’s the Bitcoin price analysis for the last 24 hours, which offers valuable insights for better trading decisions.

Bitcoin Dipped to $93,700 – April 27, 2025

On the 27th of April, 2025, Bitcoin trading day kicked off with an upward trajectory, demonstrating a robust bullish momentum. But at 00:10 UTC, Bitcoin encountered an RSI Overbought situation, indicating a potential trend reversal. As expected, at 01:10 UTC, a pin bar, followed by a full-body red candle, hinted at a possible downtrend. Likely, Bitcoin resisted at $95,157 and began to experience a brief fall. A Death Cross on MACD at 01:15 UTC affirmed this downtrend. Conversely, at 01:55 UTC, Bitcoin found support at $94,110 and experienced a short-term rise. At 02:25 UTC, Bitcoin resisted at $94,445 and experienced a sharp decline.

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 28, 2025

At 04:55 UTC, Bitcoin broke the support at $94,110, breached a breakout, and dropped to $93,700. Subsequently, at 05:25 UTC, Bitcoin encountered an RSI Oversold situation, indicating a potential trend reversal. As expected, at 05:30 UTC, Bitcoin found support at $93,700 and entered the phase of the trading range. A Golden Cross on 06:05 UTC affirmed this uptrend. Substantially, at 08:45 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. Likely, the Bitcoin price movement resisted at $94,334 and began to experience a brief fall. At 12:35 UTC, Bitcoin found support at $93,700 and began to move in an ascending channel.

Conversely, at 18:40 UTC, Bitcoin encountered an RSI Oversold situation, indicating a potential trend reversal. Likely, at 20:45 UTC, a Death Cross on MACD signaled a possible downtrend. As expected, at 21:40 UTC, Bitcoin attempted to break the resistance at $94,334, which led to a fakeout, pulled back, and closed at $93,750.

Bitcoin Rebounds From 92,863 – April 28, 2025

As illustrated in Chart 1, Bitcoin trading day on April 28, 2025, began with notable price action. During the early trading session, Bitcoin began with a sharp fall. At 00:05 UTC, Bitcoin broke the support at $93,700, breached a breakout, and dropped to $93,422. At 00:10 UTC, Bitcoin found support at $93,422 and experienced a short-term rise. However, at $93,666, Bitcoin resisted and experienced a sharp decline. Later, at 01:35 UTC, Bitcoin encountered an RSI Oversold situation, indicating a potential trend reversal. Likely, at 01:50 UTC, Bitcoin found support at $92,863 and began to move up. A Golden Cross on MACD at 02:05 UTC confirmed this uptrend. 

Bitcoin’s Next Move – Is Bitcoin Rally Ahead?

Based on today’s Bitcoin price analysis, Bitcoin is experiencing an upward momentum, demonstrating a strong bullish sentiment. In a possible scenario, if Bitcoin continues its upward trajectory, it could break the key resistance level and bounce back and retest $95K. If Bitcoin resists moving up, it could encounter a sharp decline, suggesting a bearish momentum. Keep an eye on its key levels to find whether it exhibits buy or sell momentum.