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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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๐ Current Market Snapshot
Price: $94,501
24h Change: -0.68%
24h Range: $93,883 โ $95,444
Market Sentiment: Bearish (Fear & Greed Index: 32)
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๐ 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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๐ฎ 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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๐งญ Key Levels to Watch
Support: $85,000
Resistance: $100,000
Critical Zone: $85,000 โ $95,000 (breakout area)