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#BTCRebound 🚨 Bitcoin Rebound Update – April 29, 2025 🚨
Bitcoin (BTC) is showing strong bullish momentum, trading around $95,239, up over 25% from its early April low of $76,000. This surge is fueled by a breakout from a four-month falling wedge pattern and a decisive close above the 200-day moving average .
Key Levels to Watch:
Immediate Resistance: $95,500 – A break above this could target $96,250 and potentially $98,800 .
Major Resistance: $100,000 – A psychological barrier; surpassing this could open the path to $107,000 .
Support Levels: Initial support at $94,200, with stronger support at $93,500. A deeper pullback could find support around $85,000 .
Market Sentiment:
Institutional Interest: Significant acquisitions by firms like MicroStrategy, which recently added 15,355 BTC, indicate strong institutional confidence .
Technical Indicators: The Relative Strength Index (RSI) is above 50, suggesting bullish momentum without being overbought .
Stay informed and manage your risk accordingly as Bitcoin navigates these critical levels.
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