$BTC

📊 Short-Term Technical Analysis

Bitcoin is currently experiencing bullish momentum, with the Relative Strength Index (RSI) above 70, indicating potential overbought conditions. Key resistance is observed near $107,000, with a projected upside target around $120,000 if the rally continues. Conversely, if the $100,000 level fails to hold, prices could retrace to around $92,000, where significant support lies.

🔮 Price Predictions for 2025

PricePredictions.com estimates that BTC could witness a maximum price of $273,585.62 in May 2025, with an average price of $251,216.98.

CoinMarketCap projects that Bitcoin could reach a price range of $105,000 to $112,000 in early 2025, with the potential to hit between $150,000 and $160,000 by mid-2025

MarketWatch suggests that Bitcoin could peak at approximately $150,000 in

📈 Trading Strategy

Bullish Scenario: If Bitcoin maintains above $100,000, consider long positions targeting $107,000 and $120,000.

Bearish Scenario: If the price falls below $100,000, monitor for support around $92,000.

Caution: Due to potential overbought conditions, exercise caution and consider waiting for a pullback before entering new positions.