Bitcoin ($BTC ) Update - April 28, 2025

Current Sentiment: Mixed. While some analysts predict a potential peak for Bitcoin in the future, recent data shows a slight decrease in price over the last 24 hours.

Key Points:

* Price: Bitcoin (BTC) is currently trading around $93,996 USDT, reflecting a minor decrease of approximately 0.54% in the last 24 hours.

* Liquidation: In the past 24 hours, Bitcoin liquidations amounted to $17.48 million, indicating significant trading activity and potential volatility.

* Analysis: Some analysts suggest that the Pi Cycle Top indicator points to a potential Bitcoin peak around $155,400, provided it stays above $91,400.

* Resistance & Support: Key levels to watch include major resistance around $101,700 - $103,000 and strong support around $83,000.

* Short-Term Outlook: There's a possibility of a move towards $100,000 if BTC holds above $90,000. However, falling below $90,000 could lead to a retest of the $83,000 support.

* Accumulation Phase: Some analysis suggests that Bitcoin on a shorter timeframe (15m) is forming a local Wyckoff accumulation pattern, potentially leading to an upward move if confirmed.

What to Watch:

* Monitor volume around the $93,655 and $94,000 levels to gauge buyer interest.

* Keep an eye on the Relative Strength Index (RSI) for potential bullish signals if it rises above 50.

* Observe candlestick patterns for signs of buying pressure, such as long lower wicks.

Disclaimer: This is not financial advice. Cryptocurrency trading involves substantial risk. Do your own research before making any investment decisions.