AI Overview
Bitcoin (BTC) is demonstrating resilience, trading steadily above $95,000 on April 29, 2025, amid growing institutional interest. However, despite the recent momentum, BTC remains locked below the critical psychological barrier of $100,000, suggesting that a new catalyst will be needed to trigger a breakout.
The price of Bitcoin remains stable as ETF inflows lift sentiment.
According to Cointelegraph Markets Pro and Bitstamp data, Bitcoin is currently trading at $95,409, recording an increase of 1.57% over the last 24 hours. This follows a 10% increase over the last week, largely driven by strong institutional inflows.
On April 28, American spot ETFs on Bitcoin recorded significant net inflows, with only the BlackRock iShares Bitcoin Trust (IBIT) attracting $591.3 million—the second-largest daily inflow since its launch. Overall, total weekly ETF inflows exceeded $3 billion, highlighting growing institutional appetite for Bitcoin as a risk asset and hedge against macroeconomic uncertainty.
Despite these bullish events, Bitcoin continues to face stiff resistance below $100,000, a level it has been unable to decisively overcome since first approaching it in early February.
Bitcoin currently lacks a clear catalyst at $100K.
Although Bitcoin's recovery from the April 7 low of $74,400 was impressive—a rise of over 28%—analysts warn that a sustainable upward movement requires more than strong ETF demand.
Trading firm QCP Capital noted that Bitcoin's recent price movements oscillated between acting as a safe-haven asset and a risky investment vehicle, depending on broader macroeconomic signals. This oscillating behavior suggests that traditional correlation patterns of Bitcoin with stocks and gold may be changing, making its short-term trajectory harder to predict.
In a recent note, QCP Capital stated:
"With macroeconomic risks temporarily eased and trade tensions between the US and China, Bitcoin is likely to consolidate in a narrow range of $90,000–$95,500, awaiting a catalyst for a decisive move towards the $100,000 mark."
Similarly, independent crypto analyst Tazman warned that the lack of sustainable new capital inflows and fresh demand drivers could prolong the current sideways consolidation.
Key technical levels for Bitcoin.
Technically, Bitcoin is holding firmly above its annual open of $93,340, now serving as critical daily support. Popular trader Megs emphasized that maintaining this support zone is crucial for any significant movement towards $106,000.
Short-term liquidity data from CoinGlass also shows strong concentration of orders in the range between $93,000 and $94,000, indicating that buyers are aggressively defending these levels.
Nonetheless, selling interest remains high in the range between $97,000 and $100,000, indicating that Bitcoin will need either macroeconomic support, regulatory clarity, or continued institutional accumulation to overcome resistance.
Key takeaways.
Bitcoin price: $95,409 (+1.57% over 24 hours).
Major resistance: $97,000–$100,000.
Critical support: $93,340 (annual open 2025).
ETF inflows: $591.3M into IBIT on April 28; total weekly ETF inflows > $3B.
Catalyst needed: Institutional expansion, breakthroughs in regulation, or macroeconomic easing.
Bitcoin remains confidently positioned above $95,000, supported by strong demand for ETFs and increasing institutional participation. However, without a decisive new catalyst, BTC may remain locked in the current range, postponing its rise to a new all-time high above $100,000.
Traders and investors will closely monitor upcoming macroeconomic data, Federal Reserve policy, and any further actions by large institutions to assess the next big breakout opportunity for Bitcoin, according to Cointelegraph.
