Bitcoin reaches a new historical 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 is facing resistance between 95K–96K.
RSI indicates overbought conditions.
Trading volumes are declining, indicating a possible correction soon.
Fundamental analysis:
Massive institutional investments, led by BlackRock and MicroStrategy.
Expectations of interest rate cuts support Bitcoin as an anti-inflation asset.
Scenarios:
Strong rise above 96K = new targets between 100K–105K.
Correction if stabilization fails = support at 92K–88K.
Recommendation:
Speculators: Watch the areas of 94K–92K.
Investors: Corrections are a golden opportunity to accumulate.
Summary:
Bitcoin confirms its dominance but with technical caution, and the next wave could be decisive.
