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Bitcoin has remained resilient in recent weeks, currently holding around $95,000 as of April 29. As market participants shift their focus to the upcoming Nonfarm Payroll report on Friday, traders and investors alike are watching key technical levels to gauge Bitcoin’s next potential move.

Weekly Levels in Focus

Zooming out to the higher timeframes, one of the most important levels to keep an eye on is the 0.618 Fibonacci retracement of the current weekly range—from the $110,000 high to the $74,450 low. This level sits at $96,433, just above current price. A clean break and close above this area could signal strength and open the door to higher levels.

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Another important reference on the weekly chart is the 50-week EMA, which has proven to be reliable support. Bitcoin found strong buying interest in the $75,000s, bouncing off the EMA and reclaiming ground quickly—a sign that buyers are defending this trend-level support.

If Bitcoin can push beyond the 0.618 retracement, the next target would be around $104,460, which acted as strong resistance earlier this year. Price previously rejected here and closed below this level, so reclaiming it would be a significant milestone.

Beyond that, the ultimate target remains the all-time high at $110,000. A breakout above this level would mark a continuation of the broader bullish trend and potentially usher in a new wave of momentum from both institutional and retail participants.

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Daily Support Levels to Watch

While the weekly picture looks constructive, it’s important not to ignore key daily levels, especially with potential volatility around the NFP release.

• $92,700 is a key daily level—it marks the current low of the week and a significant swing point. If price begins to close below this area, it could signal weakness building on the lower timeframes.

• Just below that, $91,619 is another important swing point where price reversed recently. This level could act as a short-term support or trigger further downside if broken.

• The next major level is $88,752, a prior resistance area where Bitcoin was rejected three times before breaking out. Holding above this zone is critical for maintaining the higher timeframe bullish structure.