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Bitcoin Faces Crucial Resistance at $91,275
Bitcoin is facing a crucial resistance level at $91,275, according to popular crypto analyst Ali Martinez. This key resistance point is determined by the short-term holders' realized price, which is the average price new buyers acquired their BTC over the past 155 days.
Current Price
Bitcoin is trading at $84,545.53, with a slight decrease of 0.53% in the last day.
Resistance Levels
The cryptocurrency faces two key resistance levels:
- Immediate resistance at $86,000
- Major resistance at $91,275 (short-term holders' realized price)
Breaking past the $86,000 price zone could trigger a sharp price increase to $91,000. Conversely, a drop below the support at $84,500 might lead to further decline to $84,000 or potentially as low as $83,300.
Price Prediction
According to CoinCodex, Bitcoin's price is predicted to rise by 29.77% and reach $109,592 by May 20, 2025. The current sentiment is neutral, with a Fear & Greed Index of 37 (Fear).
Short-Term Outlook
In the next five days, Bitcoin is expected to reach a high of $107,878 on April 25, 2025, representing a 27.92% growth from the current price.
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