📈 BTC/USDT Technical Analysis – April 23, 2025

Current Price: $93,042.00

24H High / Low: $93,723.00 / $88,027.00

24H Change: +$4,829.00 (+5.47%)

🔍 Technical Indicators:

RSI (14): 68 – Approaching overbought territory, indicating strong bullish momentum.

MACD: Bullish crossover observed, suggesting continued upward movement.

50-Day EMA: Price is trading above the 50-day EMA, reinforcing bullish sentiment.

📊 Key Levels:

Support: $90,000 / $88,000

Resistance: $95,000 / $97,000

📰 Market Insight:

Bitcoin has surged past the $93,000 mark, reflecting renewed investor confidence. The upward trajectory is supported by positive market sentiment and increased institutional interest.

📌 Summary:

BTC is exhibiting strong bullish momentum. Traders should watch for a potential test of the $95,000 resistance level. A breakout above this could pave the way toward $97,000. However, caution is advised as RSI levels suggest the asset is nearing overbought conditions.

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