From April 20 to April 26, $BTC prices rose significantly, with the closing price increasing from 85,000 to 94,000, a rise of approximately 10.8%. This increase reflects the ongoing demand for Bitcoin in the market, especially in the context of the halving event.
Additionally, BlackRock added $1.2 billion in Bitcoin holdings this week, accounting for 2.77% of the total supply, indicating strong interest from institutional investors. Furthermore, the Bitcoin balance on exchanges has dropped to its lowest level since 2019, showing that investors prefer to hold long-term, reducing market supply and driving prices up.
In summary, the current technical indicators and market sentiment for Bitcoin point to a bullish trend. In the short term, investors should pay attention to the resistance levels around 94,500 to 95,000. If broken, the next target may aim directly at 98,000. It is recommended to buy on dips when prices return to around 91,500 to take advantage of this upward trend!
