Bitcoin rose again on Wednesday, returning to impressive distances with close monitoring of the $100,000 mark.
The cryptocurrency vibrated within four months of falling wiggling before breaking over the pattern earlier this month.
Investors will need to watch the major overhead areas of around $100,000 and $107,000 on the Bitcoin chart, but they will also need to monitor key support levels of $85,000 and $76,000.
Bitcoin (btcusd) rose again on Wednesday, bringing the $100,000 mark back to an impressive distance.
Pioneer’s cryptocurrency, along with other risk-on assets, has recovered over the past few days amid optimism that Trump’s collection in China could “substantially” “substantially” and “substantially” down from its current 145% level. Sentiment also received a boost after recent rhetoric returned to fire federal chair Jerome Powell.
Bitcoin, which is well below its record high in January, rose roughly 25% in early April from its 2025 low set. Bitcoin was recently traded at $93,500.
Below, we categorize the technologies in Bitcoin charts and point out the major price levels that investors are likely to be interested in.
Bitcoin vibrated with four months of falling wedges before breaking into the pattern earlier this month. Importantly, prices performed decisive nearer above the closely monitored 200-day moving average during Tuesday’s trading session, but the volume was insufficient.
The Relative Strength Index (RSI), on the other hand, confirms bullish momentum at readings above the 50 threshold, but remains below the acquisition level, giving price sufficient space to explore higher levels.
As Bitcoin prices could rise further, let’s identify two key overhead areas and point out the key support levels worth monitoring during monitoring.
First of all, it’s worth tracking a psychological $100,000 area. Bitcoin prices could experience sales pressure at this major level near the horizon that connects an array of price actions on the charts from November last year to late February.
However, if it’s above the area, the price can move to around $107,000. Investors who have purchased the latest breakouts of cryptocurrency may decide to lock in profits in the region near its prominent December and January peaks.
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