#BTCvsMarkets
As of April 24, 2025, Bitcoin (BTC) is trading around $92,386, down 1.87% on the day after briefly approaching the $94,000 mark. The cryptocurrency is experiencing a mild pullback, with key support seen at the $90,000 level. Despite this, market sentiment remains optimistic due to strong institutional activity and technical indicators.
Notably, BlackRock's Bitcoin ETF saw $643 million in inflows on April 23 — its highest since January — reflecting growing institutional interest. In addition, long-term holders have accumulated over 635,000 BTC since January, reinforcing confidence in Bitcoin’s long-term value.
Technical analysis also supports a bullish outlook. The RSI sits at 68, suggesting the market isn’t yet overbought. A recent bullish MACD crossover signals potential for further price growth.
Meanwhile, the broader crypto market is mixed. Most altcoins are in the red, except for notable outliers like the TRUMP meme coin, which surged over 50% after announcing exclusive event invites for its top holders.
In summary, while BTC is facing short-term resistance, underlying demand from institutions and supportive technical signals suggest potential for continued upward momentum. Investors are watching the $90K support closely as a key level in the coming days.
