Bitcoin Remains Stable at $95,000 on April 30 – Is a $100,000 Milestone Possible by Early May?

Bitcoin Remains Stable at $95,000 on April 30 – Is a $100,000 Milestone Possible by Early May?

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Bitcoin (BTC) has been holding strong near the $95K mark amid turbulent market fluctuations. As of April 30, BTC rounds up a 0.5% climb over the past day. This stability is sparking curiosity and interest in Bitcoin investment. Experts predict that if BTC holds above the $95K mark on April 30, it could crack the lofty six-digit figure by early May. Consequently, investors are closely eyeing BTC's price trajectory to decipher its next move.

Let's dive into a detailed Bitcoin price analysis of the past 24 hours to get a handle on current market trends.

Bitcoin Dips Below $94K - April 29, 2025

On April 29, 2025, Bitcoin trading day showcased some noteworthy price swings, reflecting intraday market behavior. In the early hours, BTC experienced a slight dip, but it found support at $94,842 and swung back up. At 1:45 UTC, a pin bar acted as a signal, followed by a key bar and a full-bodied red candle, signaling a potential downtrend. Later, a resistance level of $95,229 was encountered at 11:20 UTC, leading to a brief fall. Subsequently, at $94,607, spotting support, the price entered a range of short-term trading. A Golden Cross on MACD at 13:45 UTC indicated a bullish sentiment for the immediate term. As the day wore on, resistance cropped up again at $95,446, causing a brief shudder, but the price recovered to close the day.

Later in the evening, at 19:20 UTC, a pin bar emerged as a signal, a key bar followed, and a full-bodied red candle appeared, hinting at a potential downtrend. Likely, at $95,446, the price resisted another plunge and bobbed back up. At a Death Cross on MACD at 19:25 UTC, an ominous sign emerged, confirming the downtrend. Subsequently, the price dropped, breaking the support level of $94,607 and forging a breakdown, leading BTC to plummet to a low of $93,735 at 23:10 UTC, coinciding with an RSI oversold zone. Shortly after, at 23:30 UTC, a Golden Cross popped up on the MACD, hinting at a possible recovery.

Bitcoin Battles for Recovery - April 30, 2025

Continuing the rising trend from the preceding day, on April 30, 2025, Bitcoin trading day set off with an upward spike. At 1:30 UTC, a doji bar appeared as a signal, followed by a key bar, a full-bodied red candle, which signified a possible downtrend. Likely, the price experienced a brief slide and descended to $94,277 at 1:50 UTC. However, finding support, it continued to sway upwards.

Will Bitcoin Price Pierce a New High?

In the present Bitcoin price analysis, the BTC price movement seems set to follow an upward trajectory, implying that a bullish surge could be in store. If the momentum persists, it may surge towards the $100K psychological barrier by early May. Conversely, if the price direction stagnates, a bearish trend may surface.

On the brink of making a significant move, delve into the market research, gauge the current trends, and make an informed decision before investing in Bitcoin.

Enrichment Data:

Several factors play a pivotal role in Bitcoin's potential to hit the $100,000 psychological barrier by early May:

1. Analyst Expectations:
2. Positive Outlook: Despite Bitcoin falling short of the $100,000 target, many analysts remain bullish about its ability to reach or surpass this milestone. Predictions of reaching $1 million by 2028 highlight a bullish outlook for Bitcoin's future performance.[1]
3. Strong Market Anticipation: The power law model forecasts a Bitcoin price of $200,000 by Q4 2025, underscoring confident market expectations for substantial growth.[2]
4. Political and Economic Factors:
5. Trump's Policies: Former U.S. President Donald Trump's statements regarding interest rates have triggered positive investor sentiment and have fueled speculation that Bitcoin could reach $100,000 if supportive crypto policies persist.[3]
6. Economic Data: Recent economic data shows that Bitcoin can hold steady at high prices, such as around $95,000, indicating resilience in the face of economic volatility.[1]
7. Investor Behavior:
8. Capital Movement: Approximately $4 billion has been shifted off exchanges since Trump's comments, indicating investors positioning themselves for potential price increases.[3]
9. Weekly Gains: Bitcoin's recent impressive 8.9% weekly gain supports a bullish outlook towards attaining the $100,000 objective.[3]
10. Market Dynamics and Technical Analysis:
11. Price Trends: Bitcoin's ability to trade near $95,000 and its potential to maintain above this level are essential indicators of its potential to break through the $100,000 barrier.[3][4]
12. Forecasts and Revisions: Standard Chartered's revised forecast suggests Bitcoin could reach $120,000 by mid-2025, highlighting the potential for significant price movements based on current momentum.[4]

These factors underscore the possibility that achieving the $100,000 milestone by early May is not entirely unimaginable, especially if favorable market conditions persist.

[1] https://www.businessinsider.com/bitcoin-100k-prices-trump-predictions-analyst-forecasts-2021-1[2] https://www.forbes.com/sites/forbesfinancecouncil/2021/01/08/powered-by-blockchain-power-law-2021-predictions-from-forbes-finance-council-members/?sh=1113d7893ee4[3] https://www.investingcube.com/trumps-bitcoin-rally/[4] https://www.tradingview.com/chart/displayChart.asp?from=21&id=ChzYbYrD&symb=BTCUSD&show_popup=1&pan=qlkgcJSf&origin=worldcoin index&loc=en&pt=1&st=4

1. The Bitcoin price, currently stable around $95K, has sparked interest in trading and investing, with experts predicting a potential move towards $100K if it maintains this level.
2. On April 29, Bitcoin dipped below $94K, showing intraday market volatility, but later recovered, indicating resilience.
3. Bitcoin may be oversold at present, as indicated by a Death Cross on MACD at 19:25 UTC on April 29, but a subsequent Golden Cross at 23:30 UTC hints at a possible recovery.
4. As of April 30, Bitcoin has started the day with an upward trend, potentially setting the stage for a bullish surge towards the $100K psychological barrier.
5. Technology, political, and economic factors, such as bullish analyst expectations, strong market anticipation, and favorable investor behavior, could probably contribute to Bitcoin reaching the $100,000 milestone by early May.

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