Detailed Technical Analysis of Bitcoin on April 29, 2025:

Current Price: Approximately $95,000

Resistances:

First Resistance: $100,000 (strong psychological and technical barrier)

Second Resistance: $107,000

Distant Resistance: $120,000

Supports:

Near Support: $85,000

Medium Support: $78,000 (200-day moving average)

Strong Support: $70,000

Technical Indicators:

RSI: Above 50, indicates continuation of upward momentum

MACD: Recent positive crossover supports the upward trend

Moving Averages: Price is above 50 and 200-day, bullish signal

Price Pattern:

Price has exited a descending wedge pattern upwards, reinforcing the likelihood of continued upward movement

The market is currently in a consolidation phase between $90,000 and $95,000 before attempting to break $100,000

Forecasts:

Short-term: If it breaks $100,000 with a daily close, it may head towards $107,000 then $120,000

Medium-term: Continued institutional inflow may push the price towards $150,000 to $200,000 before the end of 2025

Warning:

A decline in trading volume currently may reflect investor caution

U.S. interest data and geopolitical events should be monitored