Bitcoin News and price prediction as of Tuesday, April 29, 2025:

Current Price and Market Sentiment:

Bitcoin (BTC) is currently trading around the $95,000 mark. Several sources indicate a cautiously optimistic outlook, with potential for further gains.

Key Highlights:

Price Stability and Potential Breakout: Bitcoin is stabilizing around $95,000. Analysts suggest that a breakout above this level could lead to a rally towards $100,000.$BTC

Institutional Demand: U.S. spot Bitcoin ETFs continue to see significant inflows, with $591.29 million recorded on Monday, extending the inflow streak since April 17th.

Corporate Accumulation: MicroStrategy announced the acquisition of an additional 15,355 BTC for $1.42 billion, bringing their total holdings to 553,555 BTC. This demonstrates strong corporate confidence in Bitcoin.

State Adoption: Arizona has passed a bill allowing the state treasurer and retirement system to invest up to 10% of available funds in digital assets, specifically Bitcoin.

Technical Analysis:

$95,000 is identified as a crucial high-time-frame pivot point on major exchanges like Binance and Coinbase.

Order book data shows increased sell flow, indicating selling pressure at the $95,000 level.

Passive bids are rising, clustering around $83,000, $85,000, and $90,000, suggesting growing buyer interest at these levels.

Bitcoin's year-over-year return is strong at 53.61%, and the realized price metric suggests long-term holder support.

The Relative Strength Index (RSI) is near overbought levels, indicating strong bullish momentum, but also a potential for reversal if it crosses into overbought territory (above 70).

Analyst Predictions:

Fundstrat's Tom Lee maintains a bullish outlook, predicting Bitcoin could reach between $200,000 and $250,000 by the end of 2025.

Standard Chartered estimates Bitcoin could reach $110,000 - $120,000 by Q2 2025.