$BTC On Monday, April 28, BTC is trading around the mark of $94,500, having risen more than 10% since the end of last week.
Throughout the week, Bitcoin traded in a range from $85,144 to $95,758, overcoming the psychologically significant level of $90,000. The most significant growth occurred on April 22, when the cryptocurrency's price strengthened by 6.77%, rising from $87,516 to $93,442.
From a technical standpoint, Bitcoin successfully implemented a reversal pattern known as a 'double bottom' with lows of $74,508 and $76,606, allowing the price to recover by 26% from local lows. The key resistance level is $95,500, and breaking this level will open the way to the historical maximum around $109,588. At the same time, holding the price above $90,000 is critical for maintaining bullish momentum. Technical analysis on the hourly timeframe shows potential for rapid growth to $98,000 with favorable news conditions.