Bitcoin is in a strong bullish phase, breaking key resistance levels and showing promising technical indicators. Traders should monitor the $85,000 support level and the $100,000 resistance as potential breakout points. While the market sentiment is currently bearish, the overall trend remains positive, with significant upside potential in the coming months.

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As of April 30, 2025, Bitcoin (BTC) is trading at approximately $94,501, reflecting a slight decline of 0.68% over the past 24 hours.

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🔍 Current Market Snapshot

Price: $94,501

24h Change: -0.68%

24h Range: $93,883 – $95,444

Market Sentiment: Bearish (Fear & Greed Index: 32)

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📈 Technical Outlook

Bitcoin is exhibiting a bullish breakout, having recently surpassed the $85,000 resistance level. Key support is now at $85,000, with the next resistance at $100,000. Indicators like the RSI and MACD suggest increasing bullish momentum, but caution is advised as BTC approaches overbought conditions.

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🔮 Price Predictions

Short-Term: Potential to reach $100,000 if current momentum continues.

Medium-Term: Analysts predict a peak around $120,000 to $130,000 by mid-2025.

Long-Term: Some forecasts suggest a possible surge to $150,000+ later in the year.

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🧭 Key Levels to Watch

Support: $85,000

Resistance: $100,000

Critical Zone: $85,000 – $95,000 (breakout area)