Bitcoin price today 04/28/2025: BTC starts the week slightly higher, above $94,000 and seeking a return to $100,000.
The bulls managed to maintain the $94,000 level as support over the weekend and are now aiming for a rise towards $100,000.
The main cryptocurrency in the market, Bitcoin BTC R$ 541,520, is quoted on the morning of Tuesday, 04/29/2025, at R$ 540,940.27. The bulls managed to maintain the $94,000 level as support over the weekend and are now aiming for a rise towards $100,000.
André Franco, CEO of Boost Research, highlights that futures of the S&P 500, Dow, and Nasdaq are trading lower ahead of a decisive week for the markets, marked by the release of financial results from major tech companies and crucial economic data, such as Q1 GDP and April's jobs report.
"Despite the optimism generated by Alphabet's positive results, the market remains cautious due to economic and trade uncertainties. In Bitcoin, we observe a slight price pullback that started over the weekend, after strong inflows into Bitcoin ETFs last week," he said.
According to him, this correction movement may extend this Monday if the traditional market remains cautious ahead of corporate results in light of the recent tariffs announced by Trump. However, a stabilization of Bitcoin's price is expected in the range between $92,000 and $95,000.
“Bitcoin has outperformed stocks on an adjusted basis in recent weeks, and in the last one, it has also appreciated significantly compared to gold. This performance dissociation from traditional assets indicates that the token may be charting its own course in global financial markets.
This divergence highlights Bitcoin's role as a store of value asset, which is increasingly seen by institutional and retail investors as resilient to the macroeconomic forces that broadly affect risk assets," emphasizes Fabio Plein, regional director for the Americas at Coinbase.
According to Guilherme Nazar, regional vice president of Binance for Latin America, this moment consolidates the perception that Bitcoin is increasingly integrated into the dynamics of long-term assets.
"There is no doubt that Bitcoin is an asset that has matured before the eyes of the market. A year after the halving, Bitcoin has accumulated a valuation of almost 50%, even in a complex macroeconomic and political scenario. This demonstrates the solidity of the fundamentals of this asset," he said.
According to him, global macroeconomic uncertainties and tariff disputes have dominated the global agenda and have strongly impacted financial markets, including the prices of digital assets.
"But when we look at the fundamentals of Web3, we see that they remain strong. The use of the Bitcoin network indicates robustness in on-chain fundamentals, such as the number of active addresses, transaction volume, and hash rates, which is a positive sign that the network continues to be widely used and that there is long-term confidence from investors.
In a world of rising tensions and tariff disputes between various countries, BTC remains strong both due to its limited supply, which gives the asset the potential for use as a store of value, and due to the possibility of continuous global trading," comments Nazar.
Bitcoin technical analysis
The analyst and founder of Outset PR, Mike Ermolaev, pointed out that Bitcoin has risen above the Bull Market Support Band (simple moving average of 20/21 weeks), one of the most important indicators for the continuation of the bullish trend. According to him, although the movement is positive, it requires heightened attention in the coming month.
"It is important to know that the next month will bring many relevant data and will be extremely volatile. The high support range is one of the most important factors that could lead Bitcoin to new highs. However, to expect a new all-time high, BTC needs to make two weekly closes above this support level after reclaiming it," he said.
Paulo Aragão, presenter and founder of the podcast Giro Bitcoin, highlighted that if BTC closes this week above $94,000, there will be a strong movement towards $100,000 and a new all-time high.
"I would like to bring an important piece of information about today's rise: a large purchase was made by Coinbase using TWAP. It is very likely that this is an institutional purchase made by a single agent."
According to Ana de Mattos, technical analyst and partner trader at Ripio, the price of Bitcoin is working in a micro top lateralization, which suggests a possible upward breakout movement in order to seek liquidity in the price ranges of $95,580 and $98,120.
"The price ranges mentioned above will act as strong short- and medium-term resistances for the price of the main cryptocurrency in the market. However, if selling strength enters and reverses the upward movement, the short- and medium-term supports are in the value areas of $88,630 and $84,500," he said.
"Institutional interest continues to grow, with Bitcoin and Ethereum ETFs extending their streak of inflows — something we hadn't seen in months. Bitcoin recorded its seventh consecutive day of inflows, adding $380 million, while Ethereum saw its second consecutive day of strong inflows, with $104 million. This institutional momentum is positive, even with overall price action stagnant," said Valentin Fournier, Lead Research Analyst at BRN.
According to him, Bitcoin's dominance fell for the third consecutive day over the weekend, marking the first time since February that dominance has weakened over multiple sessions. For the analyst, this is an initial sign of profit-taking and reallocating to higher-risk assets after the recent Bitcoin-led rally.
Additionally, he points out that price action remained contained over the weekend, and Bitcoin fluctuated near weekly highs since last Wednesday, while several altcoins continued to gain ground.
"With a limited flow of news and signs of capital rotation to lower capitalization assets, we maintain a cautious posture. Our expectation of a possible short-term correction remains unchanged, and we continue to prioritize liquidity to capture more attractive re-entry points," said Fournier.
Regarding portfolio positioning, Fournier detailed:
• "We are maintaining low overall exposure to digital assets, with a 60% allocation in cash."
• "25% in Bitcoin, which continues to attract flows from ETFs and corporates, sustaining its weekly highs."
• "10% in Solana, which is showing strong growth in transactions but remains volatile in the short term."
• "5% in Ethereum, whose dynamics are losing strength after last week's strong rally."
Therefore, the price of Bitcoin on April 28, 2025, is R$ 540,940.27. At this price, R$ 1,000 buys 0.0018 BTC and R$ 1 buys 0.0000018 BTC.
The cryptocurrencies with the highest gains on April 28, 2025, are: Monero (XMR), Fartcoin (FARTCOIN), and Bonk (BONK), with gains of 20%, 13%, and 11% respectively.
Meanwhile, the cryptocurrencies that are registering the largest declines on April 28, 2025, are: Artificial Superintelligence Alliance (FET), Pi Network (PI), and Optimism (OP), with declines of -8%, -4%, and -3% respectively.
What is Bitcoin?
Bitcoin (BTC) is a digital currency that is used and distributed electronically. Bitcoin is a decentralized peer-to-peer network. No person or institution controls it.
Bitcoin cannot be printed, and its quantity is very limited – only 21 million Bitcoins can be created. Bitcoin was first introduced as open-source software by a programmer or a group of anonymous programmers under the pseudonym Satoshi Nakamoto in 2009.
There have been many rumors about the true identity of the creator of BTC; however, all the people mentioned in these rumors have publicly denied being Nakamoto.
Nakamoto himself claimed to be a 37-year-old man living in Japan. However, due to his perfect English and the software not being developed in Japanese, there are doubts about this information. Around the middle of 2010, Nakamoto went on to do other things and left Bitcoin in the hands of some prominent members of the BTC community.
For many people, the main advantage of Bitcoin is its independence from world governments, banks, and companies. No authority can interfere with BTC transactions, impose transaction fees, or take money from people. Moreover, Bitcoin movement is extremely transparent - each unique transaction is stored in a large public and distributed ledger called Blockchain.
Essentially, as Bitcoin is not controlled like an organization, it gives users total control over their finances. The Bitcoin network shares a public ledger called the "blockchain" (block - block, chain - chain).
If someone tries to change just one letter or number in a block of transactions, it will also affect all subsequent blocks. Due to being a public ledger, an error or a fraud attempt can be easily detected and corrected by anyone.
The user's wallet can verify the validity of each transaction. The signature of each transaction is protected by digital signatures corresponding to the sending addresses.
Due to the verification process and depending on the trading platform, it may take a few minutes for a BTC transaction to be completed. The Bitcoin protocol was designed so that each block takes about 10 minutes to be mined.