$BTC

Bitcoin (BTC) is currently trading at $92,448, reflecting a slight dip of 1.36% over the past 24 hours. Despite this minor pullback, BTC has experienced a robust rally in April, climbing over 25% from its monthly low. This surge is attributed to renewed optimism in global markets, particularly following President Trump's recent comments suggesting a potential reduction in U.S.-China tariffs, which has bolstered investor confidence .

Technically, Bitcoin has broken out of a four-month falling wedge pattern and closed above its 200-day moving average, signaling bullish momentum. The Relative Strength Index (RSI) has risen above 50, further confirming this positive trend. Key resistance is anticipated at the $100,000 level, a psychologically significant threshold, while support is observed around $85,000, aligning with recent breakout levels .

Market sentiment remains cautiously optimistic, with the Fear & Greed Index indicating a state of 'Greed' at 72. Analysts predict that if current conditions persist, BTC could reach $103,017 by April 25, 2025 .​