Today, April 29, 2025, the price of Bitcoin (BTC) is stable between approximately $94,000 and $95,500, indicating bullish signs in the market.
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📊 Current Market Analysis
Price: Above $94,000
Trend: Bullish
Key News: BlackRock's $1 billion Bitcoin purchase, boosting confidence in the market.
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🔻 Support Levels
1. $93,500: Nearest support, where buyers are active.
2. $92,500: Further support below, which can hold the price.
3. $91,200: Key support level, from which a bounce in price is possible.
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🔺 Resistance Levels
1. $95,500: Currently, the price is attempting to break this level.
2. $96,000: Major resistance, after which further price increase is possible.
3. $100,000: Psychological level, crossing which will be significant for the market.
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🎯 Trading Setup (Example)
Buy Setup:
Entry: $94,200
Take Profit (TP): $96,000
Stop Loss (SL): $93,000
Sell Setup:
Entry: $95,500
Take Profit (TP): $93,500
Stop Loss (SL): $96,500
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⚠️ Note:
This analysis is based on current market data and may change over time.
Consider thorough research and risk management before trading.$BTC
