This morning, April 24, 2025, the price of Bitcoin (BTC) is trading around $93,531, a slight increase compared to yesterday.
Bitcoin (BTC)
$93,531.00
+$782.00
(+0.84%)
Today April 24, 2025
Market overview:
BTC has surpassed the strong resistance level at $90,000, confirming an upward trend by breaking through the "Ichimoku cloud" – an important technical signal indicating that upward momentum is being strengthened.
The RSI index is currently at 72, indicating that the market is in an "overbought" state but not at an extreme level. The MACD also shows a bullish crossover signal on April 23, reinforcing the positive outlook.
Capital inflow from Bitcoin ETF funds has surged, with Fidelity investing an additional $124.4 million and BlackRock purchasing $193 million BTC, indicating strong interest from institutional investors.
Short-term forecast:
If BTC maintains above the support level of $90,000, it is likely to challenge the next resistance level at $96,000. Conversely, if it drops below the support level of $90,000, BTC may correct to the $87,000 range.
Long-term forecast:
Some analyses predict that BTC could reach $180,000–$200,000 by the end of 2025, based on technical factors and capital inflows from ETF funds.
Conclusion:
BTC is in a strong upward trend, supported by technical factors and interest from institutional investors. However, investors should closely monitor key support and resistance levels to make informed trading decisions.
