As of April 29, 2025, # Bitcoin (BTC) is trading at approximately $95,083 USDT. Here's an analysis of its potential price movement over the coming week:
š Current Market Overview
Bitcoin has recently surged to around $93,500, bringing the psychologically significant $100,000 mark back into focus. This rally is attributed to broader optimism in financial markets, including indications that U.S. tariffs on China may be reduced and reassurances about the Federal Reserve's independence. Bitcoin is up about 25% from its April 2025 low, benefiting from investor interest amid stock volatility and a weakening U.S. dollar. (Watch These Bitcoin Price Levels as Key $100K Level Back in Striking Distance)
š Technical Indicators
Relative Strength Index (RSI): Currently above 50, indicating bullish momentum without being overbought. ($BTC /USDT Technical Analysis & Outlook Current Price: 98,08 | ICT bull on Binance Square)
Moving Averages: Bitcoin has broken out of a four-month falling wedge pattern and closed above the 200-day moving average, suggesting a shift to a bullish trend. (Watch These Bitcoin Price Levels as Key $100K Level Back in Striking Distance)
MACD: Shows a bullish crossover, supporting the potential for an uptrend. ($BTC /USDT Technical Analysis & Outlook Current Price: 98,08 | ICT bull on Binance Square)
š Key Support and Resistance Levels
Resistance: $100,000 ā A significant psychological level; a decisive close above this could target $107,000. (Watch These Bitcoin Price Levels as Key $100K Level Back in Striking Distance)
Support: $85,000 ā Aligns with recent breakout levels; a deeper pullback could bring prices to $76,000, an area of potential investor accumulation. (Watch These Bitcoin Price Levels as Key $100K Level Back in Striking Distance)
š§ Outlook for the Coming Week
The bullish trend is supported by positive technical indicators and market sentiment. However, caution is advised as trading volumes have been weak, reflecting cautious sentiment among investors. (Watch These Bitcoin Price Levels as Key $100K)
# Btc BitcoinĀ is currently consolidating below the key resistance level of $95,150 after recording its strongest weekly increase (+10.17%) since November 2024. The rebound in weekly volumes (+73%) attests to a sharp recovery in activity. The trend remains bullish across all horizons (short, medium, and long term), confirmed by the positions of moving averages (SMA 20, 50, and 200) and a bullish divergence signal on momentum. Main resistances are located at $95,150 and $100,000, while major support is identified between $82,750 and $78,500. The value area ranges from $96,600 to $67,350. Market sentiment leans toward greed, and inflows into Bitcoin spot ETFs are rising sharply, reinforcing the bullish momentum.
#BTC BitcoinĀ is currently consolidating below the key resistance level of $95,150 after recording its strongest weekly increase (+10.17%) since November 2024. The rebound in weekly volumes (+73%) attests to a sharp recovery in activity. The trend remains bullish across all horizons (short, medium, and long term), confirmed by the positions of moving averages (SMA 20, 50, and 200) and a bullish divergence signal on momentum. Main resistances are located at $95,150 and $100,000, while major support is identified between $82,750 and $78,500. The value area ranges from $96,600 to $67,350. Market sentiment leans toward greed, and inflows into Bitcoin spot ETFs are rising sharply, reinforcing the bullish momentum.
BitcoinĀ is currently consolidating below the key resistance level of $95,150 after recording its strongest weekly increase (+10.17%) since November 2024. The rebound in weekly volumes (+73%) attests to a sharp recovery in activity. The trend remains bullish across all horizons (short, medium, and long term), confirmed by the positions of moving averages (SMA 20, 50, and 200) and a bullish divergence signal on momentum. Main resistances are located at $95,150 and $100,000, while major support is identified between $82,750 and $78,500. The value area ranges from $96,600 to $67,350. Market sentiment leans toward greed, and inflows into Bitcoin spot ETFs are rising sharply, reinforcing the bullish momentum.
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A crypto airdrop is a method used by cryptocurrency projects to distribute native tokens to their active protocol users.
Crypto projects may use airdrops as an incentive mechanism to spur early adoption, democratize the protocolās management or secure liquidity by rewarding early users withĀ tokens.
Typically, users must complete certain tasks in order to qualify for an airdrop, such as staking tokens, trading or borrowing against collateral.Ā
Users who complete these tasks during a certain time period may be rewarded with a one-time distribution of tokens.
The airdrop incentive model is similar to credit card points ā a card holder may receive a one-time distribution or bonus points if they spend a certain amount of money in the first 3 months.Ā
The size of an airdrop and the number of tokens distributed to each eligible person varies from project to project.
#AbuDhabiStablecoin The stablecoin, which will be fully regulated by the UAE's central bank, will be issued by FAB subject to regulatory approval, the three companies said in a statement.
#USDT
"This stablecoin will be used as a reliable digital currency across a wide range of everyday scenarios - by citizens and consumers, businesses and institutions," they said.
Stablecoins are digital tokens designed to keep a constant value backed by traditional currencies such as the U.S. dollar. They have seen rapid growth, both as a form of payment and among traders wanting to buy and sell outside of the regulated banking system.
#ArizonaBTCReserve Lawmakers in the Arizona House of Representatives passed two bills that could allow the state to adopt a reserve using BitcoinĀ
#BTC
$95,322
Ā or other cryptocurrencies.
In a third reading on April 28 of Senate Bill 1025 (SB1025), a proposal to amend Arizonaās statutes to allow for a strategic BTC reserve, 31 members of the Arizona HouseĀ votedĀ in favor of the bill, with 25 opposed. A similar bill, SB1373, to establish a state-level digital assets reserve, passed with 37 lawmakers in favor and 19 voting nay.
āThis bill basically takes the approach that probably 15 other states are considering the same legislation nationwide that allows the treasurer to invest up to 10% into, probably mainly Bitcoin but other things as well,ā said State Representative Jeff Weninger on SB1025.
āI think this probably would start as a āmayā for the foreseeable future, but as things continue to pivot towards Bitcoin and these things, would have that already in place in the future.ā