updated technical analysis of Bitcoin as of May 4, 2025 — with key support and resistance levels
📊 Current BTC Price
🔹 Key Support Levels
• $93,700–$96,600 — a strong support zone where about 2.13 million addresses purchased 1.39 million BTC. If the price drops below, the next support: 
• $82,000–$85,000 — a historical level that could become the next benchmark for buyers.
• $74,000 — the April low, which serves as key support in case of a deeper correction.
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🔺 Key Resistance Levels
• $96,900–$98,700 — the current resistance zone where about 750,800 BTC were purchased. Breaking this level could open the way to: 
• $100,000 — a psychological barrier, overcoming which may contribute to further growth.
• $107,000 — the next significant resistance level that could become a target for buyers if the upward trend continues.
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📈 Technical Signals
• Bitcoin has recently exited a descending channel and a 'flag' pattern, indicating potential continuation of the upward trend.
• The Relative Strength Index (RSI) indicates strong price momentum, although declining trading volumes may cause caution.
• The current consolidation may precede a significant movement in either direction, so traders should closely monitor these levels.
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📌 Conclusion
Bitcoin is currently trading within important technical levels. Breaking the resistance at $98,700 could open the way to $100,000 and beyond. At the same time, a drop below $93,700 may lead to testing support at $85,000.
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