As of April 23, 2025, Bitcoin (BTC) is trading around $93,000, showing moderate bullish momentum. Forecasts for April 24 suggest this upward trend may continue, with price estimates ranging between $93,000 and $95,000.
🔍 Insights from Key Sources
Binance: Projects BTC at $93,581.31 for April 24. Technical indicators such as RSI and MACD remain neutral, signaling potential short-term stability.
CoinCodex: Predicts a 1% gain within 24 hours, targeting $94,853, with a more aggressive weekly forecast reaching $115,698 by April 28.
CoinGape: Identifies a bullish engulfing pattern on the weekly chart, suggesting a possible retest of the recent all-time high of $109,021.
📊 Market Sentiment & Technical Overview
The Fear & Greed Index stands at 72 — firmly in the "Greed" zone, indicating strong investor optimism. Bitcoin is currently trading above both the 50-day and 200-day moving averages, supporting a continued bullish outlook. (Source: CoinCodex)
🌐 Macro Factors to Watch
A weakening U.S. dollar, partially influenced by political commentary criticizing the Federal Reserve, has strengthened Bitcoin’s position as a hedge. Institutional adoption and recent approvals of Bitcoin ETFs continue to drive long-term growth narratives. (Source: Finance Magnates)
In summary, short-term predictions for April 24 remain bullish across most analysts, with Bitcoin expected to sustain its upward momentum. However, given the inherent volatility of crypto markets, investors are urged to approach with caution and conduct thorough personal research.
