Will Bitcoin repeat the classic penetration pattern to rise above $ 104,000?

Bitcoin market has recovered to $ 96,000 to celebrate the end of April and the potential start to the upward trend. However, although the main resistance is broken, BTC has not yet returned to the peak price of the current market, which will eventually confirm the resumption of the bull market. Interestingly, the Rekt Capital has participated in a possible price track through which Bitcoin can realize its upscale capabilities, which led to the discovery of new prices.

From 93,500 dollars to 104,500 dollars – critical levels of viewing in 2025

in Modern job In X, Rekt Capital is involved in an exciting prices in the BTC market after the last price gains. The market expert explains that the high bitcoin prices in late April allowed the original to recover from its negative deviation and return to the bullish trading scope.

After this development, the first cryptocurrency now faces low black resistance at the 99,000 dollar price area. Interestingly, BTC witnessed a similar position in mid -October 2024, which led to an increase of 80 %.

Since historical data are strong factors in predicting prices, Rekt Capital states that Bitcoin is to repeat the price increase in Q4 2024 of this similar position, the original will witness a rejection of the price at $ 99,000, which is expected to impose prices on a decrease of $ 93,500. The analyst explains that Bitcoin Bulls must keep the price movement at this support level before the launch of another price gathering to penetrate from $ 97,000 – $ 99,000.

After that, BTC is likely to face another rejection of $ 104,500 and return to find support about 97,000 dollars – $ 99,000. After forming an upward price channel, the Rekt Capital expects that Bitcoin will launch a price increase from this support level, and exceed $ 109,000 to create the highest new level ever.

BTC price overview

At the time of writing this report, Bitcoin is trading at $ 96,500 after losing a price of 0.25 % in the past 24 hours. However, Bitcoin has now entered a comfortable ascending area with 1.84 % and 15.55 % in the last thirty -seven days, respectively.

This development is confirmed by other factors, including Bitcoin bull indexWhich is now in 80 – the highest ever since January 30. According to the Rekt Capital analysis, the immediate price resistance to excellent encryption currencies lies in $ 99,000 and 104,500 dollars, with the most important support at 93,500 dollars.

However, with the exception of any negative economic developments, Bitcoin appears to be prepared to complete the price recovery and launch in a new price area.

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