On April 29, 2025, the price of Bitcoin (BTC) is approximately $94,996, with daily fluctuations between $93,580 and $95,533.

🔍 Factors Influencing the Price

• ETF Fund Flows: Bitcoin exchange-traded funds saw inflows of $3 billion last week, reflecting increasing institutional interest.

• Technical Analysis: The weekly chart shows an upward pattern according to Elliott's theory, with the potential for the bullish trend to continue towards new record levels.

• Support and Resistance Levels: Bitcoin maintains strong support above the $91,780 level, indicating the possibility of continued bullish momentum towards $100,000.

📊 Outlook

Analysts expect Bitcoin to test the $100,000 level in the coming days, supported by positive momentum and institutional inflows. However, high volatility remains a hallmark of the market, warranting caution from investors.