Bitcoin (BTC) Price Analysis: Maintaining Its Position Near the $95K Mark Despite Recent Market Fluctuations

Bitcoin (BTC) has been demonstrating notable price action by maintaining its position near the $95K mark despite recent market fluctuations.

Bitcoin (BTC) has been displaying interesting price action as it attempts to stay afloat above the $95K mark despite recent market volatilities. Today, April 30, BTC is showing a slight 0.5% increase over the past 24 hours. This stability has kept traders interested in investing in Bitcoin.

If the Bitcoin price stays above the $95K level on April 30, it could reach the psychological level of $100K by early May. But if the coin fails to continue moving up, it could fall sharply, indicating a bearish trend. So, investors are watching the BTC price movement closely to see what happens next.

Here’s a closer look at the Bitcoin price analysis over the past 24 hours to better understand its current market trend.

Bitcoin dipped to $93,735 – April 29, 2025

On 29th April 2025, Bitcoin trading day began showing a notable price movement, reflecting the ongoing market trends. In the early trading session, BTC showed a brief fall. However, at 00:20 UTC, support was found at $94,842 and it began to move up. Later, at 01:45 UTC, a pin bar performed as a signal bar, followed by a key bar and a full-body red candle signaled a potential downtrend. Likely, at $95,346, the price movement met resistance and experienced a sharp decline. A Death Cross on moving crossovers confirmed this downtrend. At 05:10 UTC, BTC led to a fake breakout, bounced back, and moved in an upward channel.

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 30, 2025

Conversely, at 08:10 UTC, an RSI Overbought zone was encountered and signaled a possible downtrend. As expected, at 11:20 UTC, BTC tested the resistance at $95,229, which led to a brief fall. Shortly after, at 13:20 UTC, support was found at $94,607 and entered the phase of the short-term trading range. A Golden Cross on MACD at 13:45 UTC confirmed this short-term bullish sentiment. Substantially, at 16:40 UTC, the Bitcoin price movement met resistance at $95,446 and experienced a brief fall. At $94,814, support was found at 17:05 UTC and began to move up.

Later, at 19:20 UTC, a pin bar acted as a signal bar, followed by a key bar and a full-body red candle hinted at a potential downtrend. Likely, at $95,446, the price movement encountered resistance and experienced a sharp decline. A Death Cross on MACD at 19:25 UTC endorsed this downtrend. Following the downtrend, at 21:20 UTC, the price broke the support level at $94,607 and breached a breakdown. As a result, BTC pushed to a low of $93,735 at 23:10 UTC, coinciding with an RSI oversold zone. At 23:30 UTC, a Golden Cross emerged in the MACD, hinting at a potential recovery. Likely, the price rebounded and closed at $94,302.

Bitcoin shows a sign of recovery – April 30, 2025

Following the previous day’s uptrend, on April 30, 2025, Bitcoin trading day began with an upward trajectory. At 01:30 UTC, a doji bar performed as a signal bar, followed by a key bar, a full-body red candle, which signaled a possible downtrend. Likely, BTC showed a short-term downfall and dropped to $94,277 at 1:50 UTC. At this point, the price found support and continued to swing in the upside.