$BTC
Quick Technical Analysis for BTC Today - April 29, 2025
Current Price:
Bitcoin is currently trading at $95,162 with a slight decrease of 0.05% throughout the day.
General Trend:
The currency is moving in an upward direction after breaking through the 'descending wedge' pattern, which enhances the chances of continued upward movement in the coming days.
200-Day Moving Average:
This level has been successfully surpassed, reflecting strong momentum in the market.
Relative Strength Index (RSI):
The indicator shows a positive reading above the 50 level, indicating ongoing upward momentum without entering the overbought territory.
Resistance Levels:
• First Resistance: $100,000
• Second Resistance: $107,000
Support Levels:
• First Support: $85,000
• Second Support: $76,000
Forecast:
Technical indicators suggest the possibility of Bitcoin reaching new levels during the second quarter of 2025, provided it remains above the main support
