$BTC

Accurate 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.

Overall Trend and Technical Indicators

Overall Trend: Bitcoin shows a short-term bullish trend, supported by trading above the key moving averages, indicating positive market momentum.

🌺Moving Averages:

The current price is above the 50, 100, and 200-day moving averages, supporting buy signals.

🌺Relative Strength Index (RSI):

The RSI is around 71, indicating that the market is in the 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 bullish 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 target resistance level is between $96,000 and $100,000. Breaking through this range could push the price to higher levels.

Future Predictions

With the continued positive momentum and rising institutional demand, Bitcoin may target higher levels in the coming days. However, overbought indicators should be monitored.