Bitcoin market prices (BTC) have rebounded up to $ 96,000 to mark an upward end until April and the potential start of an upward price. However, despite the rupture of key resistance, the BTC has not yet returned to the current prices of the current market, which would ultimately confirm the resumption of the Haussier market. Interestingly, the Crypto Rekt Capital analyst shared a potential price trajectory through which Bitcoin could achieve its bullish potential, leading to a new price discovery.
From $ 93,500 to $ 104,500 – Critical levels to be monitored in 2025
In a recent article on X, Rekt Capital shares an intriguing price prediction on the BTC market following recent price gains. The market expert explains that the Bitcoin prices rally at the end of April allowed the assets to recover from his decline gap and return to a Haussier trading range.
After this development, the first cryptocurrency is now faced with high black resistance to the price region of $ 99,000. Interestingly, BTC experienced a situation similar in mid-October 2024, which led to a rally of 80%.
Since historical data are solid factors in pricing, Rekt Capital indicates that for Bitcoin to repeat the prices overvoltage observed in the fourth quarter of 2024 from this similar position, the asset will experience a price rejection at $ 99,000, which should force prices as low as $ 93,500. The analyst explains that Bitcoin Bulls must maintain the price movement at this level of support before launching another price rally to cross the region from $ 97,000 to $ 99,000.
Subsequently, the BTC could probably face another rejection at $ 104,500 and return to find support around $ 97,000 – $ 99,000. After having formed an ascending price channel, Rekt Capital then predicts Bitcoin to launch a prices overvoltage from this level of support, exceeding $ 109,000 to establish a new summit of all time.
Overview of BTC prices
At the time of writing this document, Bitcoin is negotiated at $ 96,500 following a price loss of 0.25% in the last 24 hours. However, Bitcoin has now entered a comfortable bullish territory with gains of 1.84% and 15.55% in the last seven and thirty days, respectively.
This development is confirmed by other factors, including the Bitcoin Bull Index score, which is now at 80 years – the highest that has been since January 30. According to Rekt Capital’s analysis, immediate resistances on the prices of the first cryptocurrency are at $ 99,000 and $ 104,500, the most critical support set at $ 93,500.
However, unless any negative macroeconomic development, Bitcoin seems ready to complete its price recovery and embark on a new price territory.
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