1. Major price volatility
- Current price: BTC is currently trading around $95,000, with a slight increase of +1.5% over the past 24 hours.
- Daily range: The price moved between $94,210.1 (low) and $95,803.4 (high).
- Short-term momentum: The price has seen relative stability over the past 12 hours, with attempts to test resistance at $95,500, supported by short-term bullish trend dominance.
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2. Key technical indicators
- Moving averages: All moving averages (from 5 days to 200 days) show strong buy signals, reflecting the continuation of positive momentum.
- Relative Strength Index (RSI): At 56.825, indicates a balance between buying and selling pressure without entering the overbought or oversold regions.
- Ichimoku Cloud: Currently contracting, increasing the likelihood of a price explosion soon, either upward or downward.
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3. Critical support and resistance levels
- Main resistance:
- $95,600: Heavy supply zone that the price has previously been rejected from.
- $96,000–$100,000: Historical resistance range requiring a strong breakout to continue the rise.
- Immediate support:
- $94,000: Vital level; breaking it may lead to a drop towards $92,500.
- $93,000: Psychological and technical support that may attract buyers if tested.
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4. Possible scenarios based on analysis
- Bullish scenario:
- Activation conditions: Breakout above $95,800 with a daily close above this level.
- Targets: $96,000 → $97,500 → $100,000 (Major liquidity attraction point).
- Bearish scenario:
- Activation conditions: Break above $94,000 with a strong candle.
- Targets: $92,500 → $90,000 → $88,000.
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5. Influencing factors and economic news
- Upcoming events:
- U.S. GDP data (April 30): May affect the dollar and thus Bitcoin.
- Federal statements: Any signs of a tight monetary policy may pressure the price.
- Institutional flows: Continued inflows of U.S. Bitcoin funds (+$591 million on April 28) support the bullish trend.
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Strategic recommendations
1. For short-term traders:
- Buy: Upon confirmation of a breakout at $95,800, with a stop loss below $94,500.
- Sell: If the price breaks below $94,000, with a stop loss above $95,000.
2. For long-term investors:
- Anticipation: Given the high volatility, it is preferable to wait for a clear trend to materialize.
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Summary
BTC is currently showing volatility within a narrow range focusing on levels of $94,000–$95,600. Technical indicators support the bullish trend, but risks are associated with economic events and monetary policies. It is advisable to monitor critical breakouts and manage risks carefully.
$BTC
