Bitcoin (BTC/USD) Market Resumes Uptrend As Bulls Reclaim Key Resistance Levels
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Bitcoin Price Prediction – April 24
Bitcoin (BTC/USD) market resumes uptrend as the bulls reclaim key resistance levels. The recent massive breakout to the upside confirms the bulls’ dominance in the market.
The 9-day Simple Moving Average (SMA) at $86,950 has begun sloping upward, confirming a shift in momentum as price trades firmly above it. The Relative Strength Index (RSI) indicator sits at 68.30, indicating strong bullish momentum but also nearing overbought territory, which suggests caution for late buyers. These technical signals support a continued bullish trend, though a short-term pullback cannot be ruled out due to the elevated RSI.
BTC/USD Market Key Levels:
Resistance Levels: $100,000, $108,390, $115,000
Support Levels: $85,010, $74,420, $66,780
BTC/USD – Daily Chart
The BTCUSD daily chart reveals an attempted breakout through the diagonal resistance.
Price action has broken decisively above the descending trendline and the previous resistance zone around $85,010, flipping it into potential support. The breakout candle shows strong buying pressure, with minimal wick on top, indicating sustained bullish interest. BTCUSD is currently trading around $94,170 after breaching the key swing high from mid-March, making $85,010 the nearest significant support should a retracement occur.
What is the likely projection of BTCUSD?
Looking ahead, BTCUSD is likely to face resistance near the psychological barrier of $100,000. A temporary pullback toward the $86,950–$85,010 zone would offer a healthy reset before another leg up. If bulls maintain control and reclaim $100,000, the next upside targets are $108,390 and eventually $115,000.
BTC/USD – Four-Hour Chart
BTCUSD broke out of a consolidation range near $85,760, confirming bullish continuation with a strong impulse above $91,000. Price is trending well above the 9-period SMA, which is steeply sloped upward, supporting the current momentum.
The RSI is overbought at 84.49, suggesting the rally may cool off or consolidate short term. However, with $91,000 now acting as support, bulls remain firmly in control toward the $100,000 target.
Bitcoin (BTC) Current Statistics
The current price: $94,180
Market Capitalization: $1,870,000,000,000
Trading Volume: $34,630,000,000
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