Bitcoin, the king of crypto, is buzzing at $90,210.80 right now, and everyone’s asking: What’s next? Will it soar or stumble? Let’s break it down with a look at the next few days and a peek into 2025.
Key Notes:
Timeframe: Daily candles from April 22 to April 24, 2025.
Price Levels:
Starting price on April 22: ~$90,210.80.
Predicted range for April 23–24: $90,000 (low) to $96,000 (high), with an average target of ~$93,000 by April 24.
Technical Indicators:
Bullish signals from moving averages (e.g., 50-day and 200-day MAs trending up, as noted in Binance’s analysis).
Relative Strength Index (RSI) at ~58.80, indicating neutral but trending momentum.
Chart Patterns: Potential bullish pennant or inverse head-and-shoulders pattern, as mentioned in X posts, suggesting upward momentum.
Annotations:
Support level around $90,000.
Resistance near $96,000.
Target line at $93,000 by April 24.
Short-Term Outlook: A Quick Climb with Some Bumps
Analysts are pumped—Bitcoin could hit $93,000 by April 24, 2025, just days away. Why the hype?
Bullish signals: Technical charts are flashing green.
Market edge: Bitcoin’s outshining stocks and bonds.
But don’t get too comfy—expect some swings:
Price range: Could dip or spike between $90,000 and $96,000 in the next 48 hours.
Volatility alert: It’s crypto, after all—twists are part of the ride!
Long-Term Outlook: Aiming for the Stars
Fast forward to 2025, and things get epic. Bitcoin’s eyeing a range of $100,000 to $200,000, with most bets landing around $100,000–$125,000. What’s driving it?
Big money: ETF inflows from giants like BlackRock and Fidelity.
Halving effect: The 2024 supply cut is still pushing prices up.
Watch out, though:
Temporary dips: Possible slides below $90,000 mid-year.
Big trend: The climb keeps going—think rollercoaster with higher peaks.
