Technical analysis by CryptoSanders9563 about Symbol BTC: Buy recommendation (4/29/2025)

Current Price: ~$94,600BTC has cleanly broken above the descending trendline resistance, a structure that capped price since mid-February.This breakout was accompanied by a surge in volume and momentum — a strong bullish sign.Golden Cross AreaA key technical confluence occurred where the 50-day MA (red) and the 200-day MA (green) were tested simultaneously, marked by the blue circle.Price moved sharply upward after reclaiming both MAs, suggesting increased buying confidence — a textbook golden cross behavior, even if not a perfect cross yet.Support & Resistance FlipPrevious resistance at the 92K—$93K zone (highlighted in yellow) has now become support.As long as BTC holds this zone, it suggests healthy consolidation and potential for a continued move up.Trend Indicators:50-Day MA (Red): Now curving upward — short-term bullish momentum is building.200-Day MA (Green): Flattening and starting to rise, showing early signs of a shift in long-term trend direction.The price is currently above both MAs, which is a key bullish condition. Key Levels to Watch:Immediate Resistance: $96,000–$97,500Major Psychological Barrier: $100,000Support Zone: $91,500–$92,500Stronger Support (if broken): $84,000–$85,000 near the MAsIf the price continues to hold above the breakout zone and consolidates well, the next upside target will be $ 100 K.Failing to hold the 92K zone could invite a pullback toward the MAs around $85K — a zone where bulls may step in again.Final Thoughts:BTC is showing signs of renewed bullish momentum after breaking key resistance and reclaiming critical MAs. However, confirmation through consolidation and volume is essential to sustain higher levels. Structure remains bullish unless we see a breakdown below ~$85K with volume.DYOR. NFA. Stay sharp.