$BTC At 13:46 BRT on April 24, 2025, the price of Bitcoin (BTC) is $93,578.00 USD, reflecting a slight decrease of 0.00027% from the previous close.
Bitcoin has experienced a notable recovery, rising approximately 25% from its April low of around $74,500 . This upward momentum has brought the psychologically significant $100,000 level back into focus, with key resistance anticipated at that point. A decisive close above $100,000 could target $107,000, based on the pattern’s measured move .
Technical indicators suggest a bullish trend:
• Bitcoin has broken out of a four-month falling wedge pattern and closed above the 200-day moving average.
• The Relative Strength Index (RSI) is above 50, indicating positive momentum .
However, trading volumes have been weak, reflecting cautious sentiment among investors.
On the downside, support is seen around $85,000, 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 .
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