$BTC

On April 29, 2025, Bitcoin experienced a significant rise, reaching a price of around $94,000. Prices fluctuated between $93,000 and $95,000 throughout the day, reflecting strong market activity.

This increase comes after a period of consolidation, indicating the possibility of a new upward trend.

Technically, the Relative Strength Index (RSI) shows high levels, which may indicate overbought conditions and the potential for a near-term correction. However, with the continued flow of institutional investments, such as BlackRock's recent $1 billion purchase, medium-term forecasts remain positive.

In terms of news, reports indicate an increase in the number of active Bitcoin addresses, demonstrating growing interest and usage. Some analysts also expect Bitcoin's price to reach levels between $150,000 and $200,000 by the end of 2025, supported by the adoption of major institutions and expectations of further interest rate cuts.

Based on this data, Bitcoin is expected to continue its upward trend in the short term, with a need to monitor support levels at $93,000 and $90,000, as the market may experience slight corrections before resuming the rise.