Analysis Date: April 28, 2025
Current price: $94,630
1. Current Technical Situation
Bitcoin has broken its previous historical highs very strongly.
Currently trading in a price acceleration phase (Price Discovery Zone), meaning without clear previous historical resistances.
There is strong support now at $90,000, followed by additional support at $88,000.
2. Important Technical Levels
3. Momentum Indicators
RSI (Relative Strength Index): Around 74 points, indicating near entry into the overbought zone, but with current high momentum, the rise may continue before any major correction.
MACD: Still giving strong positive signals with clear divergence, indicating the continuation of the upward trend.
Trading volume: High and continuously increasing, supporting the continuation of the rise in the short term.
4. Price Analysis
Positive scenario (most likely currently)
As long as the price remains above $90,000, a continued rise towards $96,000 first, and then $100,000 as the main target for traders is expected.
If it breaks above $100,000, we may witness a violent acceleration wave that could drive the price towards $108,000.
Negative scenario (potential temporary correction)
If the price fails to hold above $94,000, it may return to test support at $90,000 before any new upward attempt.
Breaking below $88,000 could lead to a deeper correction towards $83,000.
5. Fundamental Factors Supporting the Rise
The interest of major investment funds in Bitcoin as a strategic asset.
Increasing institutional interest with a massive wave of adoption of cryptocurrencies.
Global monetary inflation policies are pushing investors towards rare digital assets like Bitcoin.
6. Strategic Recommendation
7. Summary
Bitcoin is currently in a very strong phase with positive expectations to continue towards $100,000 in the coming weeks.
Support levels of $90,000 and $88,000 should be closely monitored for risk management.
Any current corrective dip may be considered a golden buying opportunity before achieving new historical targets.