Technical analysis by xxChartWhizxx about Symbol BTC: Buy recommendation (4/25/2025)

Bitcoin/US Dollar (BTC/USD)Price Action Observations:Trend: Strong bullish trend — price is above the middle Bollinger Band and riding the upper band.Current Price: ~$95,410 (as of the chart time).Immediate resistance near the upper Bollinger Band (~$95,921).A major horizontal resistance is at around $98,000 (thick black line).Local pivot/support zone marked around $92,400 – $93,100 (purple horizontal lines).20-SMA (middle BB) acts as dynamic support (~$93,085).Stronger support around $90,200 (lower BB).Volume increasing on the bullish candles after the breakout around the 21st-22nd April.Higher volume on green candles suggests genuine buying interest — not just a low-volume rally.Bollinger Bands: Bands are expanding — classic signal for a volatile move.Price is walking the upper band → continuation pattern as long as price doesn't break below the 20-SMA.Trendlines: Ascending trendline beneath the current price → confirming higher lows.There is a larger upper channel line sloping upwards targeting ~$105,000–$106,000.Bias: Strong BullishAbove 92,400–93,100 pivot zone = bullish structure maintained.Immediate target: $98,000Stretch target: $100,000 - $105,000 (upper channel resistance)Invalidation: If price closes below ~$92,000 (break below pivot + mid-BB).Fundamental Analysis (as of April 25, 2025):If US Dollar (DXY) is weakening, it favors Bitcoin.Fed policies — if there’s talk of rate cuts or holding rates steady, Bitcoin rallies.Halving hype: Bitcoin halving happened earlier in 2024. Historically, it leads to a delayed but strong rally about 12-18 months later — we are now entering that "parabolic" zone.ETF Inflows: BTC ETFs launched earlier have been drawing huge institutional interest.Supply Shock: Fewer Bitcoins available on exchanges post-halving = price pressure upwards.Global uncertainty (recession fears, wars, bank failures) = safe-haven demand for BTC.Bitcoin being seen as "digital gold" strengthens its position.My Final View:Bitcoin remains in a strong bullish structure technically and fundamentally.As long as it holds above ~$92,000–$93,000 zone, expect moves toward $98,000–$100,000+. A deeper retrace to $90,200 could still maintain the bull trend, but below that would signal weakness.