$BTC According to  Crypto Rover, Bitcoin is preparing for another major breakout as indicated by recent price consolidations and tightening trading ranges (source: @rovercrc on Twitter, May 2, 2025). Technical analysis highlights increasing bullish momentum and reduced volatility, signaling potential for a significant upward move

Key Indicators:

Relative Strength Index (RSI): 50.12, indicating neutrality

Average True Range (ATR): 840.11, reflecting moderate volatility

Average Directional Index (ADX): 62.18, showing a strong trend

Simple Moving Average (SMA):

50-day SMA: $94,361.93

200-day SMA: Not available, but the price is above the 200-day EMA ($84,156.75), indicating a potential long-term uptrend

Parabolic SAR: $94,070.00, suggesting a potential buy signal

Support and Resistance Levels:

Support levels: $93,500, $93,000, and $92,500

Resistance levels: $94,400, $94,800, and $95,000

Market Sentiment:

Given the current price above the pivot point ($94,000) and bullish indicators, the market sentiment is cautiously bullish. However, the RSI and other indicators suggest neutrality, so caution is advised