$BTC C

Eyes $100K as Market Momentum Builds

Bitcoin ($BTC) continues its strong 2025 rally, currently trading near $92,800 after recently touching a two-month high above $93,000. This upward momentum follows improving investor sentiment, driven by easing geopolitical tensions and reassurance from President Trump regarding the independence of the Federal Reserve.

From a technical standpoint, BTC has successfully broken out of a four-month falling wedge pattern and reclaimed its position above the 200-day moving average. Momentum indicators, including an RSI above 50, support the bullish outlook. Key resistance lies at the $100,000 mark, with a breakout potentially targeting $107,000.

Support is firmly established around $85,000, while a broader market correction could bring BTC back toward $76,000, a level favored by long-term holders and institutions. Despite the strong price action, volume remains relatively subdued, indicating a degree of caution among traders awaiting confirmation of the breakout.

Looking ahead, analysts project a potential high of $125,520 for April, with average forecasts hovering around **$109,