$BTC As of April 29, 2025, Bitcoin (BTC) is trading at approximately $94,928, reflecting a modest intraday gain of 0.17%.

📊 Technical Overview

Resistance Levels:

$95,250 – $95,500: Immediate resistance zone; a breakout above this could signal bullish momentum.

$96,500: A key level to watch; surpassing this may pave the way toward the psychological barrier at $100,000.

$100,000: Major psychological resistance; a decisive close above could target $107,000, based on the pattern's measured move.

Support Levels:

$94,200: Immediate support; holding above this maintains short-term bullish bias.

$93,500: A significant support level; a drop below may indicate a potential trend reversal.

$92,500: Further support; breaching this could lead to a test of lower levels around $91,200.

$85,000: Key support from recent breakout levels; a deeper pullback could bring prices to this area.

🛡️ Suggested Stop-Loss (SL) Strategies

Short-Term Traders: Consider setting a stop-loss just below $93,500 to manage risk in case of a minor pullback.

Swing Traders: A stop-loss around $91,200 may be appropriate, allowing for normal market fluctuations while protecting against significant downturns.

🔍 Market Sentiment

Bitcoin's recent breakout above the 200-day moving average and the formation of a bullish falling wedge pattern suggest positive momentum. However, trading volumes have been relatively low, indicating cautious investor sentiment. The Relative Strength Index (RSI) remains above 50 but below overbought levels, providing room for potential upward movement.