Bitcoin Analysis – Tuesday, April 29, 2025
Current Price:
Bitcoin is currently trading at $94,927, up approximately 1.17% over the last 24 hours.
Technical Analysis:
The price is moving within a horizontal range between $93,600 and $94,150.
Technical indicators show slight upward momentum.
The price is above the 50-day moving average, supporting the continuation of the upward trend.
Fundamental Analysis:
American investment funds injected over $3.06 billion into Bitcoin last week.
Bitcoin deposits on exchanges have decreased by $4 billion, indicating a desire for long-term holding.
Short-Term Outlook:
If the resistance at $95,000 is broken, we may see an ascent towards $97,000.
Support and Resistance Levels:
Support: $93,600
Resistance: $95,000
General Trend: Upward in the medium term, with possibilities of short corrections.
