Precise Technical Analysis of Bitcoin (BTC) against the US Dollar for Monday, April 28, 2025, based on the latest data and technical indicators:
🌺Current Price
Bitcoin is currently trading at $94,809, recording an increase of 1.17% over the past 24 hours.
General Trend and Technical Indicators
General Trend: Bitcoin shows a short-term upward trend, supported by trading above key moving averages, indicating positive momentum in the market.
🌺Moving Averages:
The current price is above the 50, 100, and 200-day moving averages, supporting buying signals.
🌺Relative Strength Index (RSI):
The RSI is around 71, indicating that the market is in overbought territory, and a potential correction may be on the horizon.
🌺MACD Indicator:
The MACD shows sell signals, which may indicate a weakening of the current upward momentum.
🌺Support and Resistance Levels
The current main support level is at $90,000, where buyers have shown strong interest during pullbacks.
Resistance:
The next targeted resistance level is between $96,000 and $100,000; breaking through this range could push the price to higher levels.
Future Outlook
With the continued positive momentum and rising institutional demand, Bitcoin may target higher levels in the coming days. However, overbought indicators should be monitored.
