#BTC

Bitcoin nears $95,000 levels on April 29 — is a crypto market bull run likely soon?

Further, the market cap of Bitcoin also rose, up 1.06 per cent to $1.87 trillion, with trading volume for the 24 hours recorded at $32.12 billion, data showed.

According to Alankar Saxena, Co-founder and CTO of Mudrex, Bitcoin is testing the $95,000 zone as positive institutional developments continue to boost sentiment — i.e. Strategy adding $1.4 billion worth BTC to its holdings and Standard Chartered projecting a rally towards $120,000 in the near term.

According to Kuptsikevich, Bitcoin is stabilising near $94,500, “having fully recovered to the consolidation levels seen in February before its sharp decline. The technical outlook remains bullish, with BTCUSD trading above both its 50- and 200-day moving averages. Both indicators are trending upward, and last week’s consolidation above these levels marked a strong move, reinforcing the bullish momentum”.