$BTC

Bitcoin (BTC) is currently trading around $93,500, continuing its upward momentum after breaking out of a four-month falling wedge pattern earlier in April . The cryptocurrency has gained 25% from its April low, supported by weakening dollar sentiment and optimism over potential tariff rollbacks by the Trump administration .

Key resistance levels to watch include $100,000, a psychological barrier, and $107,000, aligning with previous peaks and a measured move target from the wedge breakout . On the downside, $85,000 and $76,000 serve as critical support zones if a pullback occurs .

Institutional inflows remain strong, with spot Bitcoin ETFs recording $381 million in inflows recently, signaling sustained demand . Analysts note BTC’s decoupling from equities, with its correlation to the S&P 500 dropping to 0.65, reinforcing its role as an alternative asset .

Market sentiment remains cautiously bullish, though low trading volumes suggest consolidation before a potential breakout .