coinpedia 2025-04-25 07:48:02

Bitcoin Price Prediction for Today: Will the BTC Price Reclaim $94,000 Before the Day’s Close?

The post Bitcoin Price Prediction for Today: Will the BTC Price Reclaim $94,000 Before the Day’s Close? appeared first on Coinpedia Fintech News The crypto market displayed a blend of bullish momentum and sector-driven outperformance, signaling a potential shift after recent periods of consolidation. Bitcoin continued to command the spotlight, rising by 0.25% over the last 24 hours and briefly breaking above the $94,000 mark. This move, marked by renewed buying interest from the investors and a notable whale accumulation on major exchanges, points to growing confidence in crypto’s largest token amid signs of a broader market reversal. On the other hand, spot Bitcoin ETFs have purchased almost 25,000 BTC over the last 3 days, worth over $2.3 billion. BlackRock alone bought over $320 million worth of Bitcoin, accumulating nearly 12,500 BTC. Despite this, the BTC price is trading just below a key supply zone after a falling wedge breakout. Therefore, now the question arises whether the price will trigger a breakout above the range, as a confirmed breakout could fuel more upside. Meanwhile, a downside risk remains until the breakout is confirmed. After rising from the falling wedge, the BTC price surged over 12% and is struggling to rise above the resistance zone between $94,129 and $94,800. Although the OBV remains elevated, suggesting a continuation of a bullish trend, a failure from these levels could trigger a short-term correction. The RSI is displaying a bearish divergence before entering the overbought range, hinting towards a potential drop. On the other hand, the MACD suggests a drop in the buying pressure, but the levels have risen into the positive range for the first time since February, which has kept the bullish hopes alive. Currently, the BTC price is facing a key barrier near $94,500 to $95,000, and a repeated test has failed to produce a clean breakout. However, the upside momentum remains strong as long as it holds above $89,800, as a strong drop below the range may open room towards $86,800. Meanwhile, the macro trend remains positive, with ETF inflows and whale buying offsetting minor technical pullbacks. Therefore, the bullish setup remains in play if BTC consolidates above $92,000 and $93,000, and a breakout above $95,000 could quickly retest all-time highs.

La maggior parte ha letto le notizie

Stripe opens testing for new stablecoin produ...
2025-04-25
Bitcoin “Short Squeeze” Warning Issued: If It...
2025-04-25
SUI Price Soars Despite Overbought RSI – Can...
2025-04-25
UBS Currency Forecast: Astonishing Weakness P...
2025-04-25
Will Memecoins Bounce Back? Future Price Path...
2025-04-25
Friday charts: The Marvin Minsky moment is he...
2025-04-25
XRP Price Prediction: How High Will This ‘Ell...
2025-04-25
OpenAI Researcher Behind GPT-4.5 Forced to Le...
2025-04-25

https://www.digistore24.com/redir/325658/ceobig/

Notizie correlate

Fed Lifts Crypto Restrictions for Banks in Landmar...
25 Apr 2025
Traders still offloading TRUMP holdings after dinn...
25 Apr 2025
Kraken Exchange to List Cardano-based Memecoin Sne...
25 Apr 2025
Switzerland’s Central Bank Stands Firm Against Cry...
25 Apr 2025
North Korean Cyber Operatives Set up Fake US Compa...
25 Apr 2025
Trump Crypto Czar David Sacks Says Federal Reserve...
25 Apr 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta