Bitcoin (BTC) price holds firm as ETF inflows boost sentiment

Bitcoin (BTC) is showing resilience, trading steadily above $95000 on April 29, 2025, amid growing institutional interest. However, despite recent momentum, BTC remains locked below the crucial $100,000 psychological barrier, suggesting that a new catalyst will be needed to trigger a breakout.

Bitcoin (BTC) price is showing resilience, trading steadily above $95,000 on April 29, amid growing institutional interest. However, despite recent momentum, BTC remains locked below the crucial $100,000 psychological barrier, suggesting that a new catalyst will be needed to trigger a breakout.

According to data from Cointelegraph Markets Pro and Bitstamp, Bitcoin is currently trading at $95,409, recording a 1.57% increase over the last 24 hours. This follows a 10% gain over the past week, fueled largely by strong institutional inflows.

On April 28, U.S. spot Bitcoin ETFs recorded significant net inflows, with BlackRock’s iShares Bitcoin Trust (IBIT) alone attracting $591.3 million—the second-largest daily inflow since its launch. Overall, total weekly ETF inflows surpassed $3 billion, highlighting the increasing institutional appetite for Bitcoin as both a risk asset and a hedge against macroeconomic uncertainty.

However, despite these bullish developments, Bitcoin continues to face stiff resistance below $100,000, a level it has failed to decisively break since first approaching it in early February.

Bitcoin lacks a clear $100K catalyst for now

While Bitcoin’s recovery from the April 7 low of $74,400—noting a 28% increase—is impressive, analysts warn that sustained upside movement requires more than strong ETF demand.

Trading firm QCP Capital noted that Bitcoin’s recent price action has oscillated between behaving like a safe-haven asset and a risk-on investment, depending on broader macroeconomic signals. This flip-flopping behavior suggests that Bitcoin’s traditional correlation frameworks with equities and gold may be evolving, making its near-term trajectory harder to predict.

In a recent note, QCP Capital stated:

“With macro risks temporarily subdued and U.S.-China trade tensions cooling, Bitcoin is likely to consolidate in a narrow $90,000-$95,500 range while awaiting a catalyst for a decisive move toward the $100,000 mark.”

Similarly, independent crypto analyst Tazman warned that a lack of sustained new capital inflows and fresh demand drivers could prolong the current sideways consolidation.

Key technical levels for Bitcoin

On the technical side, Bitcoin is holding comfortably above its yearly open at $93,340, now acting as critical daily support. Popular trader Mags highlighted that maintaining this support zone is essential for any meaningful move toward $106,000.

Short-term liquidity data from CoinGlass also shows heavy bid concentration between $93,000-$94,000, suggesting that buyers are defending these levels aggressively.

However, seller interest remains high between $97,000-$100,000, meaning Bitcoin will need either a macroeconomic tailwind, regulatory clarity, or continued institutional accumulation to break through resistance.

Key Takeaways

Bitcoin price: $95,409 (+1.57% 24h)

Major resistance: $97,000-$100,000

Critical support: $93,340 (2025 yearly open)

ETF inflows: $591.3M into IBIT on April 28; total ETF weekly inflows > $3B

Catalyst needed: Institutional expansion, regulatory breakthroughs, or macroeconomic easing.

Bitcoin is remaining firmly positioned above $95,000, supported by strong ETF demand and increasing institutional involvement. However, without a decisive new catalyst, BTC could remain trapped in the current range, delaying its push toward a new all-time high above $100,000.

Traders and investors will be closely monitoring upcoming macroeconomic data, Federal Reserve policies, and any further moves by major institutions to gauge Bitcoin’s next big breakout opportunity, according to Cointelegraph.