Bitcoin Breaks Out: Bulls Eye $100K Next?

Weekly Technical Outlook – April 23, 2025

By [Your Name]

Bitcoin (BTC) has surged to $94,000, posting a 23% gain from its April low of $76K. Backed by strong institutional flows and a favorable macro setup, BTC is now testing key resistance at $95K — a crucial psychological and technical level.

Key Technical Levels:

Resistance: $95,000 → $101,500

Support: $88,600 → $80,600

Indicators:

RSI near 70 (bullish, but nearing overbought)

MACD: Bullish crossover

Price above 20D/50D/200D MAs — strong trend confirmation

On-Chain & Macro Signals:

ETF Inflows: $380M added on April 21 alone

Futures Open Interest: Rising — traders betting on upside

Macro Tailwinds:

Easing U.S.–China tensions

Weakening U.S. dollar

Fed turning dovish

The Setup:

If Bitcoin breaks and holds above $95K, the path toward $100K–$101.5K opens up. But with RSI approaching overbought territory, a short-term cooldown to $88K–$90K remains possible.

TL;DR:

BTC bulls are in control. Momentum is building. A breakout above $95K could be the ignition for a run toward six figures. But stay sharp — volatility never sleeps in crypto.

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