Technical analysis by PipShiesty about Symbol BTC on 4/9/2025

Bitcoin is currently trading around $77,644, sitting right between two major trendlines:🟢 Long-Term Bullish Support – This green ascending trendline has held since late 2023, providing key support throughout BTC’s macro uptrend.🔴 Medium-Term Bearish Resistance – The red descending trendline has capped price since the 2025 highs, forming a clear structure of lower highs.We're now at a pivotal confluence zone where these two trendlines intersect. Price recently bounced off the green support, but it's struggling to decisively break above the red resistance.🔍 Key Scenarios:✅ Bullish Breakout:A strong daily close above the red trendline could confirm bullish continuation.Targets: $84K, 92K, and potentially ATH breakout above $100K.❌ Bearish Rejection:Rejection at resistance may lead to a retest of the green trendline (~$74K).A breakdown from there opens the door to 64K–$60K, or even deeper pullbacks.