Bitcoin approaches the $100,000 mark: Positive signals from the market
As of April 24, 2025, Bitcoin ($BTC) is trading around $92,386, after reaching a peak of $94,696 in the past 24 hours. This upward momentum is driven by several positive factors:
• Strong inflow from ETFs: Capital flowing into Bitcoin ETF funds has increased 500 times compared to the average in 2025, showing strong interest from institutional investors.
• Optimistic technical signals: Bitcoin has surpassed a 4-month downward wedge pattern and closed above the 200-day moving average, with an RSI above 50, indicating a strong bullish trend.
• Improved market sentiment: President Trump has eased trade tensions with China and affirmed that he will not dismiss Fed Chairman Jerome Powell, helping to restore confidence in monetary policy.
Analysts predict that if Bitcoin breaks through the resistance level of $100,000, the next target could be $107,000. However, trading volume remains weak, reflecting investor caution.
With the current macroeconomic and technical factors, Bitcoin is on a strong recovery path, opening opportunities for investors in the near future.