$BTC - Price Predictions for April 29: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

Bitcoin is facing selling pressure at $94,839.7, but constant buying at the lower end of the trading range points to a brief period of healthy consolidation.

Key Points:

Bitcoin continues to face resistance at $95,000, but the possibility of a bullish breakout remains high.

Strong inflows into spot Bitcoin ETFs do not always indicate a short-term top.

Some altcoins are showing early signs of a short-term trend reversal.

 surpassed the resistance of $95,000 on April 28, but the bulls are struggling to maintain higher levels. This suggests that the bears have not given up and are trying to defend the level. A minor positive aspect for the bulls is that they have not ceded much ground to the bears. This improves the outlook for a move towards $100,000.

Another positive point is that institutional demand seems to be back, as seen in the strong net inflows of $3.060 billion into spot Bitcoin ETFs in the United States last week. Although some instances of high inflows into spot Bitcoin ETFs have led to short-term price tops, this has not always been the case. Therefore, high inflows into Bitcoin ETFs alone cannot be considered a reason to turn negative.

Hedge fund founder Dan Tapiero stated in a post on X that it is unlikely the Federal Reserve will ignore macroeconomic data indicating a rapid slowdown in the future. He expects that increased market liquidity will catapult Bitcoin to $180,000 before the summer of 2026.

What are the essential levels to watch in Bitcoin and altcoins? Let's analyze the charts of the top 10 cryptocurrencies to find out.