According to @rektcapital, Bitcoin has recently established strong support at the $60,000 level, with technical indicators showing a potential bullish reversal if the price sustains above this threshold. The analyst highlighted that a daily close above $62,000 could trigger further upward momentum, attracting short-term traders and increasing trading volume (source: @rektcapital, Twitter, June 2024). Traders are advised to monitor these levels closely for potential entry points and adjust risk management strategies accordingly.

According to Crypto Rover on Twitter, a bullish cross has been identified for Bitcoin, signaling a potential shift towards an upward trend. This technical indicator is often interpreted as a buy signal by traders and can lead to increased trading volume and price momentum. Traders monitoring Bitcoin price action may consider this bullish cross as a catalyst for short-term trading opportunities, especially as technical indicators like moving average crossovers gain traction among market participants (source: Crypto Rover on Twitter, April 25, 2025).

According to glassnode, the 7-day moving average (7DMA) of long-side funding premiums in Bitcoin perpetual swaps has dropped to $88,000 per hour and continues to trend lower, signaling a notable decrease in traders' appetite for long BTC exposure. This trend confirms that short bias currently dominates perpetual swap positioning, which is an important signal for traders assessing near-term BTC price momentum and market sentiment (source: glassnode, April 25, 2025).

According to Crypto Rover, Bitcoin has successfully reclaimed its yearly open after completing a bear trap, indicating a significant shift in market sentiment. Crypto Rover’s analysis suggests this technical breakout is a strong bullish signal and could mark the official start of a new bull market cycle for Bitcoin traders. The reclaim of the yearly open is considered a key resistance level, now turned support, which historically triggers increased buying activity and higher trading volumes (source: Crypto Rover, Twitter, April 25, 2025).

According to Material Indicators, despite the Golden Cross between the 21-Day and 50-Day SMAs on the BTC Daily chart, a new Trend Precognition signal suggests a potential support test. This indicates a possible short-term bearish trend unless Bitcoin experiences a significant pump to $95k, which would invalidate the signal.