$BTC

Bitcoin Market Update – April 30, 2025

Bitcoin (BTC) is trading at $94,950, up 0.3% today. The bulls are in control, but a correction may be coming soon.

Key Indicators:

• Moving Averages: BTC is above its 50-day & 200-day MAs, showing a strong uptrend.

• RSI: Entering overbought territory, suggesting a potential pullback.

• Volume: Trading volume surged +73%, confirming strong rally support.

Support & Resistance:

• Resistance: $95,150 and the psychological $100,000 mark.

• Support: Initial support at $85,000, stronger at $76,000.

Market Sentiment:

• Fear & Greed Index: Currently in the “Greed” zone.

• Institutional Inflows: BlackRock’s Bitcoin ETF saw a $216.7M inflow, signaling strong institutional interest.

Outlook:

• Short-Term: Analysts predict a potential rise to $140,000.

• Year-End: Projections for $120K in Q2 and $200K by end of 2025.

Conclusion:

Bitcoin remains bullish but could face a short-term pullback. Watch for resistance levels and market sentiment to guide the next move.