$BTC

BTC plan decreases in the next 2 weeks (28/4 – mid-May 2025)

Current market situation

Current price: approximately 93,823 USD.

Important resistance: 88,000 USD and 95,900 USD.

Strong support: 85,000 USD and 76,000 USD.

RSI: Above 50, indicating an upward trend.

Trading volume: Low, reflecting cautious sentiment.

Short-term forecast

CoinCodex: BTC may rise to around 112,000 USD by the end of May.

Binance: Forecast fluctuating around 93,900 USD in the upcoming week.

Kraken: Predicts BTC will reach approximately 94,228 USD by the end of May.

Risks to note

Low trading volume: May weaken the upward trend.

Macroeconomic factors: Influences from Fed interest rates, stock markets, and international trade.

Market sentiment: Fear & Greed index at 61 (Greed) – positive sentiment but prone to volatility.

Proposed action plan

If holding BTC: Continue to hold, consider gradually taking profits as it approaches 100,000 USD.

If considering buying: Wait for BTC to adjust to the 85,000–88,000 USD range.

If investing short-term: Closely monitor resistance/support levels and macroeconomic news for timely adjustments.