Technical analysis by JAMES_GOLD_MASTER_MQL5 about Symbol BTC on 4/30/2025

JAMES_GOLD_MASTER_MQL5

Market Update: Bitcoin Holding Strong Amid Broader Market WeaknessAs mentioned earlier, Bitcoin has shown resilience amid broader market declines triggered by Trump-era policies and ongoing tariff tensions. While it's not on par with gold as a traditional safe haven, Bitcoin has remained well above the critical 73K risk zone.Global trade negotiations continue, with a particular focus on US-China relations. Progress in this area suggests potential easing of tensions, which could support broader market sentiment.Technical Outlook: On the daily and weekly charts, Bitcoin has broken above trend resistance and moved from the sell zone into a buy zone, attracting renewed interest. Currently, it's consolidating within the 92K–95K range. A recent false breakout at resistance triggered a correction, and we’re now closely watching for where that correction stabilizes—this will help define key support for potential consolidation.Resistance levels: 95K, 100K, 102.5KSupport levels: 93.5K, 92.9K, 92K, 91KTo break above 95K and aim for 100K+, Bitcoin needs to establish a solid consolidation pattern. At present, such a formation hasn’t developed. The key zone to monitor is 95K–92K. If Bitcoin holds this range and resumes testing the 95K level, we could see a breakout toward 100K. Failure to hold this support may open the door for a deeper correction down to 91K–88K.Please hit the like button andLeave a comment to support for My Post!Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.Best Regards, JAMES_GOLD_MASTER_MQL5Thank you.