$BTC
Bitcoin (BTC) Update – April 24, 2025
As of April 24, Bitcoin (BTC) is trading at $92,723.09 (adjusted closing price), reflecting a 24-hour dip of -0.48%. Below is a comprehensive snapshot of its current market status and outlook:
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Current BTC Metrics
Price: $92,723.09 (Yahoo Finance) | $93,605.45 (Markets Insider)
24-Hour Range: $91,945.60 – $93,815.88
Market Cap: $1.846 trillion
24-Hour Volume: $34.41 billion
52-Week Range: $20,176.88 – $109,110.39
Year-to-Date Growth: +40.96% (vs. $66,406.95 in April 2024)
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Market Trends & Technical Overview
1. Price Action & Volatility
BTC hit $95,000 on April 22 before encountering resistance near the $95K–$96K zone.
Strong support is seen at $76,000, forming a double-bottom pattern.
RSI stands at 67.58, indicating neutral-to-bullish momentum.
2. Institutional Momentum
Continued capital inflows into spot Bitcoin ETFs, with AUM expected to reach $190B in 2025.
Institutional players like BlackRock and Fidelity are integrating BTC into mainstream portfolios, adding price stability.
3. Sentiment & Technicals
Fear & Greed Index: 63 (Greed)
50-Day Simple Moving Average: $84,837 (bullish crossover)
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Forecasts & Long-Term Outlook
Short-Term: BTC could climb to $111,623 by May 24, 2025 (+20.71% from current levels).
Full-Year 2025 Highs:
CoinPedia: $167,598
Bernstein: $200,000
2030 Projection: Up to $901,383, driven by global adoption and Metcalfe’s Law network valuation.
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Risks & Considerations
Regulatory Environment: Uncertainty surrounding CBDCs and tightening global crypto policies.
Macroeconomic Pressure: Inflation, interest rate changes, and geopolitical instability in Europe could amplify volatility.
