📊 Technical Analysis
Moving Averages: The price has surpassed the 50-day moving average at $71,500, indicating strong bullish momentum.
Relative Strength Index (RSI): Currently at 68, suggesting that the market is approaching overbought territory, but there is still room for upside before a potential correction.
Key Resistances:
$95,930 (Friday's pivot point).
$96,590 (highest value of the region on April 25).
$96,985 (second standard deviation of VWAP).
Key Supports:
$93,715 – $93,620 (strong support area).
$85,000 (important support level).
$76,000 (potential accumulation area).
📈 Future Predictions
"Power Law" Model: Predicts Bitcoin reaching $200,000 in Q4 2025, based on network growth and user adoption.
Standard Chartered Forecast: Indicates the possibility of Bitcoin reaching $120,000 in Q2 2025, supported by increased institutional interest and ETF inflows.
Changelly Forecast: Ranges between $100,000 and $116,000 by the end of 2025, with an expected average trading price of around $132,000.
