Market prices on Bitcoin (BTC) recovered as high as $ 96,000 to mark a haissert to April and the potential start of a price development. Although they are breaking key resistance, BTC will not yet return to the current market’s top price, which would ultimately confirm the resumption of the bull market. Interestingly, crypto analysts have rected Capital shared a potential price track through which Bitcoin could realize its haus -like potential, leading to new price discovery.
From $ 93,500 to $ 104,500 – critical levels to look at 2025
On one Last post At X, Rect Capital shares an exciting price preliminary prize in the BTC market after the latest price winnings. The marketing expert explains that Bitcoin’s price collection at the end of April enabled the asset to recover from its disadvantage and return to a hooked trade offering.
Following this development, the foremost Cryptocurrency is now facing a black lower high resistance in the $ 99,000 price region. Interestingly, BTC experienced a similar situation in mid -October 2024, which resulted in an 80% price rally.
Since historical data is strong factors in price pre -dredging, Rect Capital says that for Bitcoin to repeat the price surplus seen during the fourth quarter of 2024 from this similar position, access will experience a price rejection to $ 99,000, which is expected to force prices as low as $ 93,500. The analyst explains that Bitcoin Bulls must keep the price movement at this support level before launching another price collection to break through $ 97,000 – $ 99,000 region.
Thereafter, BTC can probably face another rejection of $ 104,500 and return to find support about $ 97,000 – $ 99,000. After forming a rising price channel, Rect Capital then predicts Bitcoin to launch a price increase from this support level and move over $ 109,000 to create a new highest time.
BTC Price overview
At the time of writing, Bitcoin is shopping for $ 96,500 after a price loss of 0.25% over the past 24 hours. However, Bitcoin has now entered a conveniently haus -like territory with winnings of 1.84% and 15.55% in the last seven and thirty days, respectively.
This development is confirmed by other factors, including Bitcoin bull index scoreWhich is now 80 – the highest it has ever been since January 30. According to Rect Capital’s analysis, the immediate price resistance for the main Cryptocurrency is at $ 99,000 and $ 104,500, with the most critical support for $ 93,500.
However, in view of the negative macroeconomic development, Bitcoin looks to complete its price recycling and launch in a new price area.
Image from Pexels, Chart from TradingView
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