📊 Daily Bitcoin Analysis 📊

27-04-2025

- Not much has changed with $BTC . It's still rejecting off of its 95k resistance, which also coincides with the 0.618 Fibbonaci retracement.

- I'm still expecting a drop to 88-90k if it doesn't close above 96k within the next few days.

- The RSI and StochRSI are still curling to the downside which could further exacerbate this bearish momentum.

- There continues to be dense liquidity forming between 93k and 96k which I expect will be big inflection points if broken through. This just emphasizes the uncertainty for the weekend.

- If we close the daily above 96k, then I would target the 0.786 Fibbonaci level at 100k. If we close below 93k, I would target 88-90k.

Major resistance is now 95k, 100k, 106k, and the 108k trendline.

Major support is now 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.