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Bitcoin Price Analysis: BTC Surges Towards Key Resistance Zone

Bitcoin (BTC) is climbing steadily, breaking above $90,787 and approaching a major resistance zone. Here's what traders need to know.
Published on 2025-05-01

Bitcoin's Recent Price Movement

Bitcoin (BTC) continues to show strength this week, trading around $95,650 and gaining over 2% since Monday. The cryptocurrency has steadily climbed from its weekly opening of $93,723, reaching a high near $95,815. This upward momentum signals that buyers are firmly in control.

Breakout and Resistance Zone

The breakout above the $90,787 level last week reignited bullish momentum, positioning Bitcoin to test the critical resistance zone between $104,485 and $108,000. This zone, which capped the price earlier in the cycle, has not been challenged since. A breach of this level could propel BTC into uncharted territory, with limited resistance above.

Market Structure and Trends

Bitcoin's price action has been orderly, with previous range highs flipping into support. The steady, directional climb without significant drawdowns or volatility underscores bullish strength. While a rejection at the resistance zone could trigger profit-taking, Bitcoin's current trend and structure remain intact.

Outlook and Sentiment

As the week progresses, Bitcoin's ability to maintain its upward trajectory will be closely watched. A weekly close near current levels would be a bullish signal, while a breakout above $104,000 could open new possibilities. For now, the market leans bullish, with traders like DonAlt expressing optimism: "We love to see it."

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