Bitcoin price nearing $100,000 with bullish momentum and key levels to watch

From Yahoo Finance: 2025-04-23 16:11:00

Bitcoin is close to the $100,000 mark, surging amid optimism about reduced tariffs and Fed Chair stability. It’s up 25% from April, trading at $93,500. Technicals show bullish momentum with room for growth. Major levels to watch are $100,000, $107,000, $85,000, and $76,000 for potential price movements.

The cryptocurrency Bitcoin broke out of a four-month falling wedge pattern, surpassing the 200-day moving average. The Relative Strength Index indicates bullish momentum with room for higher levels. Key overhead areas to watch are around $100,000 and $107,000, while support levels rest near $85,000 and $76,000.

Investors may see selling pressure near $100,000, but a close above could lead to a move to $107,000. A measured move projection suggests a target of $107,000. Retracements could go as low as $85,000, with opportunities for buying near the breakout point. Deeper pullbacks could test support at $76,000.

Read more: Watch These Bitcoin Price Levels as Key $100K Level Back in Striking Distance