Complete breakdown
As April 2025 winds down, Bitcoin (BTC) is once again the center of attention, trading just shy of six figures. Currently sitting around $94,616, BTC has gained a modest 0.9% in the past 24 hours — and the big question everyone’s asking: Can Bitcoin smash through $100,000 before the month is over?
A Technical Breakout Signals Momentum
Bitcoin has recently broken out of a four-month falling wedge pattern, a classic bullish formation. Trading above its 200-day moving average, BTC is flashing green across several technical indicators. The Relative Strength Index (RSI) is comfortably above 50, suggesting positive momentum is still in play.
The immediate resistance stands near $95,500, with the psychological milestone of $100,000 looming just ahead. If BTC closes decisively above this mark, analysts expect a swift rally toward the next target around $107,000, based on the wedge’s measured move projection.
Sentiment and Fundamentals Back the Bulls
Beyond technicals, broader market forces are aligning in Bitcoin’s favor. Easing tensions between the U.S. and China, alongside a weaker U.S. dollar, have historically boosted Bitcoin’s appeal as a hedge.
Meanwhile, institutional appetite is growing. Bitcoin ETFs recently absorbed $2.7 billion in inflows, a powerful sign that major players are piling into the market and tightening supply.
Analysts’ Short-Term Outlook
Most analysts agree: if the current bullish energy continues, Bitcoin could realistically challenge $100,000 within days. Current projections suggest a likely close somewhere between $97,000 and $98,500 by April 30, with a stretch target of $100,700 if momentum accelerates.
However, Bitcoin is notorious for its volatility. Any sudden shifts in macroeconomic data, regulatory news, or liquidation events could derail the rally in the short term.
Final Thoughts
With technical breakouts, institutional momentum, and positive macro winds at its back, Bitcoin looks primed for a dramatic sprint toward $100K. While nothing is guaranteed in the crypto world, one thing is clear: the final days of April could be explosive for BTC traders and investors alike.
Stay tuned — Bitcoin’s next big milestone might be closer than you think.