Bitcoin ($BTC ) Market Snapshot – April 29, 2025​

Bitcoin is currently trading at $94,883, reflecting a 1.19% increase for the day. The intraday range has been between $93,580 and $95,279.​

🔍 Market Highlights

▪️ ETF Inflows Surge: U.S. spot Bitcoin ETFs have attracted over $3.3 billion in inflows over the past week, indicating strong institutional demand. ​

▪️ Profitability Milestone: Over 90% of Bitcoin supply is now in profit, suggesting the market may be entering a euphoric phase.

▪️ Price Predictions: Analysts project Bitcoin could reach between $120,000 and $210,000 by the end of 2025, driven by institutional adoption and market dynamics.

📊 Technical Overview

▪️ Resistance Level: $95,000 remains a key resistance point.​

▪️ Support Level: $93,000 is identified as a critical support level.​

▪️ Market Sentiment: The Relative Strength Index (RSI) has shifted from overbought to neutral territory, indicating a potential consolidation phase.​

As Bitcoin continues to navigate the current market dynamics, investors should monitor key technical levels and market indicators to inform their trading strategies.​

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