$BTC $BTC Market Update – April 2025

Bitcoin ($BTC) remains the dominant force in the crypto market, currently trading around $94,900 with mild upward momentum. Despite recent volatility, investor confidence remains strong, largely driven by institutional interest and growing adoption among governments and corporations.

Key developments include Arizona’s Strategic Bitcoin Reserve bill, signaling increased state-level acceptance of BTC as a long-term asset. Meanwhile, Bitcoin ETFs continue to gain traction, contributing to increased liquidity and legitimacy.

On-chain data shows a steady rise in wallet addresses holding at least 1 BTC, reflecting long-term accumulation by retail and institutional investors alike. Hashrate remains strong, indicating a healthy mining network.

Short-term resistance is observed around $97,500, with support at $92,000. Traders are watching closely for a breakout above the psychological $100,000 mark, which could trigger further bullish momentum.

As always, exercise caution and manage risk, especially in high-volatility environments.

Need a BTC technical chart?