$BTC

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Bitcoin Market Update – April 23, 2025

Current Price: $93,069

24h Change: +6%

Trend: Bullish

Bitcoin is showing strong bullish momentum today after gaining over 6% in the last 24 hours and trading above the key $90,000 mark.

Technical Highlights:

Bullish Channel: BTC/USD is moving within a bullish channel, with short-term indicators (like moving averages) signaling upward momentum.

Resistance Breakout: BTC has broken past the $88,000 resistance level, which included the 200-day Simple Moving Average (SMA) — a strong bullish signal.

Next Targets: If Bitcoin sustains above $94,000, the next short-term targets could be $98,000 and $100,000.

As of now, Bitcoin is in a bullish trend, but since it's approaching a resistance zone, traders should watch for volatility. Sustained movement above $94K may open the door for higher gains in the coming days.

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