Bitcoin stabilizes above $95,000: Are we close to $100,000?

Bitcoin recorded a new historic level by stabilizing its price above $95,000 today, April 29, 2025, amidst massive inflows from U.S. ETFs amounting to $591 million in a single day.

Technical Analysis:

The price faces resistance between 95K–96K.

RSI indicates overbought conditions.

Trading volumes are declining, suggesting a potential correction soon.

Fundamental Analysis:

Massive institutional investments, led by BlackRock and MicroStrategy.

Interest rate cut expectations support Bitcoin as an anti-inflation asset.

Scenarios:

Strong rise above 96K = new targets between 100K–105K.

Correction if stability fails = support at 92K–88K.

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