Bitcoin (BTC) ‘s market prices rebounded to $ 96,000 to mark the optimistic end in April and the price increased. However, despite the core resistance, the BTC has not yet returned to the market’s highest price, which ultimately confirms the resumption of the bull market. Interestingly, Rekt Capital, an encryption analyst, has led to a new price discovery by sharing the potential price trajectory that Bitcoin can realize the potential.
$ 93,500 ~ $ 104,500-It’s important level for watching in 2025
In a recent post about X, Rekt Capital shares interesting price forecasts in the BTC market as recent prices rise. The market expert explained that at the end of April, the price rally of Bitcoin could return from the drop in drops and return to optimistic trade.
Following this development, premiere cryptocurrency is currently facing black resistance in a $ 99,000 price area. Interestingly, BTC experienced a similar situation in mid -October 2024, leading to a 80%price rally.
Since historical data is a powerful factor in price forecast, Rekt Capital will experience $ 99,000 rejection to repeat the price surges that Bitcoin can see in the same position in the fourth quarter of 2024, which is expected to have a low price of $ 93,500. Analysts explain that Bitcoin Bulls must maintain price movement at this support level before starting another price rally to break through the $ 97,000 -$ 99,000 area.
After that, the BTC can return to about $ 97,000 -$ 99,000, facing another rejection at $ 104,500. REKT CAPITAL predicts that Bitcoin will start a rising price of $ 109,000 and establish a new all -time high.
BTC price outline
At the time of writing, Bitcoin is trading at $ 96,500 at 0.25%for the last 24 hours. But Bitcoin has now entered a comfortable strong territory with a profit of 1.84%and 15.55%, respectively.
This development has been confirmed by other factors, including Bitcoin Bull Index scores, now 80 years old. It was the highest since January 30. According to Rekt Capital’s analysis, the immediate price resistance of Pryptocurrency is $ 99,000 and $ 104,500 and the most important support is $ 93,500.
However, except for the negative macroeconomic development, Bitcoin is ready to complete the price and start with a new price territory.
PEXELS’s main image, TradingView chart
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