Bitcoin (BTC) market prices were rebounds at a high level for a rapid end and potential start by April by April. However, despite breaking major resistance, BTC has not yet returned to the current market peak price, which will eventually confirm the resumption of the bull market. Interestingly, the Crypto analyst Reckti Capital has shared a potentially value trajectory, through which the bitcoin can realize its rapid ability, which can discover the new price.
From $ 93,500 to $ 104,500 – Important level to see in 2025
In a recent post on X, REKT Capital has shared a complicated price prediction on the BTC market following a recent price profit. Market experts say that the price rally of bitcoin at the end of April allowed the property to overcome its negative deviation and return to a rapid trade range.
After this development, the Premier Cryptocurrency is now facing a black less high resistance in the $ 99,000 price area. Interestingly, BTC experienced a similar situation in mid -October 2024, resulting in an 80% value rally.
Since historical data value is a strong factor in prediction, REKT Capital states that for bitcoin to repeat the price hike seen in Q4 2024 from this similar situation, the property will experience price rejection on $ 99,000, which is expected to reduce prices as $ 93,500. Analysts say that bitcoin bulls will have to organize a price movement at this support level before starting a more price rally to break through $ 97,000 – $ 99,000.
Next, BTC may possibly face another rejection at $ 104,500 and return to find support around $ 97,000 – $ 99,000. After creating an ascending price channel, Rekt Capital then predicts to launch a price growth from this support level, proceeding from $ 109,000 to install a new all-time high.
BTC Price Overview
At the time of writing, Bitcoin trades at $ 96,500 after a price loss of 0.25% in the last 24 hours. However, Bitcoin has now entered a comfortable boom area with a profit of 1.84% and 15.55% respectively in the last seven and thirty days.
This development is confirmed by other factors including the bitcoin bull index score, which is now at 80 – most it has been since January 30. According to RKT Capital analysis, the immediate price resistance for premiere cryptocurrency is located at $ 99,000 and $ 104,500, the most important support is $ 93,500.
However, stopping any negative macroeconomic development, Bitcoin is ready to meet its price recovery and launch in the new price area.
Specially displayed image from pexels, chart from tradingview
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