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Coin Edition 2025-04-29 11:00:00

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance

Bitcoin price holds near $95K as RSI approaches overbought territory, sparking breakout watch. Presto Research maintains $210K year-end Bitcoin target despite macro uncertainties. Bitcoin miners face rising competition from AI firms, potentially tightening BTC supply. Bitcoin (BTC) is once again at the center of market attention, as it fights to solidify its role as both “digital gold” and a high-beta risk asset. According to crypto research firm Presto Research, Bitcoin has shown strong resilience in April bouncing sharply from early-month lows and now trading above $94,000. Presto noted that the rally has set the stage for either a continuation higher or a corrective pullback, depending on upcoming technical and macroeconomic shifts. Bitcoin’s $210K target reaffirmed: volatility, institutional adoption, and global liquidity are fueling the next big move. Watch Peter Chung, our Head of Research, share insights on CNBC Asia’s Squawk Box. https://t.co/kzJaUVhNs6 — Presto Research (@Presto_Research) April 28, 2025 Bitcoin Nears Upper Bollinger Band as RSI Signals Caution From a technical perspective, Bitcoin’s daily chart shows prices hovering… The post Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance appeared first on Coin Edition .

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