Supertrend, a price trend indicator for financial assets, has shown an upward trend in Bitcoin (BTC) prices for five consecutive days starting today, April 17, 2025.
This sign of strength from technical analysis has been accompanied by a sustained rise in the Bitcoin price, which has risen from $70,700 on April 13th and is now above $78,000.
Therefore, we can confirm that Bitcoin is probably on an upward trend.
Supertrend is a tool available on chart analysis platforms such as TradingView. Average True Range (ATR) An indicator that measures market volatility and identifies where prices are most likely to change.
While past supertrends have pinpointed some of the strong rallies that pushed Bitcoin to all-time highs, they are not foolproof and, like any indicator, can generate false signals.
In the following image, you can see the behavior of the supertrend since January 2023. The part marked in green is the time period when Bitcoin shows an upward trend.According to this indicator, the areas marked in red are bearish periods for digital assets.
Bitcoin’s current bullish move is driven by geopolitical conditions. Iranian Foreign Minister Abbas Arakchi announced the full opening of the Strait of Hormuz to commercial shipping. According to a report by CriptoNoticias, the opening of this important maritime route after a period of blockage immediately injected a mood of optimism into financial markets, causing the price of Bitcoin to rise.
The opening of the strait comes under a two-week ceasefire between the United States and Iran. The latter country kept this basic measure for the oil industry restricted, conditional on the cessation of the Lebanese conflict. The diplomatic agreement expires next Tuesday, but The bullish reaction in Bitcoin price was immediate and confirmed the green signal that the indicators were showing..
The market is now keeping an eye on the sustainability of this move. Next week will be key for traders. The end of the ceasefire will determine whether the Strait of Hormuz remains open or whether the newly confirmed uptrend faces another correction.
