Technical analysis by DEXWireNews about Symbol BTC: Buy recommendation (4/22/2025)

The world's renown digital asset Bitcoin (BTC) surged nearly 4% today to reclaim the $90k resistant zone, amidst breaking out of a bullish symmetrical triangle pattern enroute to $100k.Bitcoin for almost 1 month now has been swinging within the $80k price range, since losing it's $100k resistant in the month of February, 2025 but with increasing momentum a move to the $100k resistant doesn't seem far fetch because BTC has already broken the ceiling of the symmetrical triangle. With the 4-hours RSI at 79, we may experience a respite before the major leap to $100k price point. Notable firms like Micro strategy and Michael Saylor the CEO were integral in this price movement. The company purchased 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, Micro strategy holds 538,200 BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin.Notably, financial bodies like Standard Chartered Bank says Bitcoin (BTC) could reach a new all-time high due to concerns over the Federal Reserve's independence.As of the time of writing, BTC is up 3.70% currently trading at $90,715 per BTC setting the coast for $100k resistant. However, on bearish tone, should BTC fail to pull up that stunt, a price correction might send BTC back to 83K support.