Bitcoin (BTC) price analysis today
Analysis date: May 1, 2025
**Current price:** $93,416
###Trump100Days#AirdropSafetyGuide Current market situation
Bitcoin stands on the brink of a historic moment, having breached a strong resistance area but not yet confirmed. We are now at a crucial stage, where we could witness either a bullish explosion or a violent correction.
#### Potential Scenarios
1. **Bullish Scenario (Green Path):**
- If the price stabilizes above $92,800, there is a strong possibility of continued upward movement towards $96,000, then heading towards the classic target of $100,000.
2. **Neutral/Choppy Scenario (Yellow Path):**
- If it bounces from resistance without breaking nearby support, the price will enter a sideways correction phase between $92,000 and $88,000 before making a real decision.
3. **Bearish Scenario (Red Path):**
- A clear break of the $88,000 level could open the door for a gradual decline towards $84,000 then $78,000, with a critical level at $73,400.
#### Technical Indicators
- **RSI Divergence:** -14.46, indicating negative divergence and an early warning of momentum exhaustion.
- **LaRSI:** 100.00, indicating absolute overbought conditions, which is usually followed by a sharp correction or halt.
#### Recommendations
- **Short-term Buy Position:**
- Enter only with a confirming candle above $94,000.
- First target: $96,000.
- Second target: $100,000.
- Stop loss: $91,900.
- **Defensive Sell Position:**
- Activation only with a break below $88,000.
- First target: $84,000.
- Second target: $78,000.
### Summary
Bitcoin is at a critical stage, requiring close monitoring of support and resistance levels. Traders must be prepared for all scenarios, whether bullish or bearish, and make their decisions based on precise technical analysis.