$BTC Was trading around $94,000–$104,000, with a peak all-time high of $109,356 on January 20, 2025. It recently broke above the $100,000 psychological level, a significant milestone, but faced resistance near $105,500.

Support Levels:

Immediate support: ~$92,000–$94,000 (aligned with recent buyer interest and the 50-day SMA at ~$88,949).

Stronger support: ~$87,500–$90,000 (200-day EMA and prior consolidation zone).

Critical support: ~$78,500–$85,000 (potential correction zone if bearish momentum increases).

Resistance Levels:

Immediate resistance: ~$100,000–$105,500 (psychological level and recent highs).

Next targets: $110,000–$123,000 (200% Fibonacci extension of the 2021–2022 drop).

Long-term target: $156,000 (261.8% Fibonacci extension).

Technical Indicators

Relative Strength Index (RSI):

Current RSI (14-day) is around 77.05, indicating overbought conditions (>70). This suggests a risk of a short-term pullback, though strong momentum could push prices higher first.

Watch for RSI dropping below 70 to signal a correction or consolidation.

Moving Average Convergence Divergence (MACD):

A bullish crossover is in place, with growing histogram bars, reinforcing the uptrend. However, some sources note a potential bearish cross on shorter timeframes, which could signal a pause.

Volume:

Positive volume balance shows higher buying volume on up days, supporting bullish sentiment.

Bullish Scenario:

If BTC holds above $94,000–$95,000, it could retest $100,000–$105,500. A breakout above $105,500 may target $110,000–$115,000 by late May or June.

Sustained momentum and high volume could push BTC toward $120,000–$130,000 in Q2 2025.

Bearish Scenario:

Failure to hold $94,000 may lead to a drop to $90,000–$92,200. A break below $90,000 could trigger a deeper correction to $85,000–$88,000.

Profit-taking near $100,000+ or a bearish MACD cross could exacerbate pullbacks.