Date: 2025-04-24
Key points:Bitcoin is setting up a showdown with leveraged shorts immediately above its yearly open price.That key level near $93,500 is the main target for traders hoping that BTC/USD will cement its latest breakout.The next support retest could involve $87,000, analysis suggests.Bitcoin (BTC) consolidated below a key resistance target on April 24 as a BTC price forecast brought sub-$90,000 levels into play.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewAnalyst: BTC price correction “fairly normal”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retesting $92,000 as support overnight.The pair broadly maintained six-week highs while global markets remained at a loss over the trajectory of the ongoing US trade war.“...
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