As of April 24, 2025, Bitcoin ( $BTC ) is trading at approximately92,194, reflecting a 1.74% decrease from the previous close. The day's trading range has seen a high of 94,336 and a low of 92,079.

This recent pullback follows a significant rally that brought Bitcoin close to the 100,000 mark, driven by factors such as renewed institutional interest, favorable regulatory developments, and broader market optimism. Notably, President Trump's proposal to establish a U.S. cryptocurrency reserve, including Bitcoin, has added to the positive sentiment. [1]

Technically, Bitcoin recently broke out of a four-month falling wedge pattern and closed above the 200-day moving average, with momentum confirmed by a Relative Strength Index (RSI) above 50. Key resistance lies at the100,000 level, where selling pressure could emerge, but a decisive close above this could target 107,000, based on the pattern's measured move.

On the downside, support is seen around85,000, coinciding with recent breakout levels, while a deeper pullback could bring prices to $76,000—an area of potential investor accumulation aligned with longer-term trendlines.