Bitcoin ($BTC ) Technical and Fundamental Analysis – April 2025

Bitcoin is trading near $94,000, maintaining its bullish momentum after breaking above the key $90,000 resistance level earlier this month. On the technical side, BTC is firmly above both its 50-day and 200-day moving averages, indicating strong uptrend conditions. The RSI is approaching overbought territory, around 68, suggesting potential short-term consolidation or pullback. Immediate resistance lies at the psychological $100,000 mark, while support is seen near $88,000.

Fundamentally, Bitcoin’s strength is fueled by increasing institutional adoption and continued capital inflows into spot ETFs. The post-halving supply shock is also beginning to show its effects, tightening supply while demand remains elevated. On-chain data highlights increasing accumulation by whales and long-term holders, alongside declining exchange balances — typically a bullish signal.

Macroeconomic uncertainty, particularly concerning inflation and fiat currency stability in several regions, is driving renewed interest in Bitcoin as a store of value. Meanwhile, regulatory clarity in major markets like the US has reduced headline risks and improved investor confidence.

In summary, Bitcoin remains in a strong bullish structure, supported by both technical indicators and fundamental drivers. While short-term corrections are possible, the overall trend favors continuation toward six figures if momentum and sentiment hold.