Bitcoin (BTC) Price Prediction: Will BTC Break Above the $95,000 Resistance Level and Surge to $100K?

On April 27, 2025, Bitcoin's price is at $94,281.57, dropping by 0.76% over the last 24 hours.

On April 27, 2025, Bitcoin’s price is at $94,281.57, dropping by 0.76% over the last 24 hours. The cryptocurrency has been on the rise by 10.65% in the past week, yet it has still been declining daily. As such, Bitcoin has come close to the critical $95,000 resistance level, which has market participants on edge.

This recent price action comes after a record amount of institutional capital flowed into Bitcoin spot exchange-traded funds (ETFs). Data shows that spot Bitcoin ETFs saw more than $3 billion in inflows for the week ending April 25, the second-largest weekly inflow since their launch. It is the first full week of consecutive inflows in five weeks, which suggests a renewed confidence among investors.

Institutional Frenzy Fuels Bitcoin Surge – $100K Breakout in Sight

Strong institutional demand was also evident as spot Bitcoin ETFs clocked up 35,500 BTC additions to custody during the week ending on April 25. It was largely driven by BlackRock’s iShares Bitcoin Trust (IBIT) with $1.4 billion in outflows that contributed heavily to the overall $3.06 billion. The increase in investments in ETFs signifies a broader trend of institutional players venturing further into the cryptocurrency space.

A great deal of capital has flowed into spot Bitcoin ETFs; this was a major driver in Bitcoin’s recent price rally. Since March 2, Bitcoin has reached a new high of $94,700, which is the highest sum it has reached since then. This new high was reached on April 23. This information comes from CoinMarketCap. With institutional demand continuing to increase buying pressure, the available supply has been absorbed and increased the upward pressure on the price.

Bitcoin still has the $95,000 level as a psychological resistance barrier. Historical data reveals that breaking above this level would allow for a rally towards $100,000, a figure that has been in the sights since Bitcoin last hit its all-time high of $108,000 in December 2024. But if this resistance is not breached, there may be a pullback with support levels at $90,000 and the 200-day Simple Moving Average sitting at $88,690, CryptoQuant shows.

Technical Indicators Signal Bullish Trends

Bitcoin’s present price of $94,281.57 is above the key technical indicators, which supports the bullish sentiment. The cryptocurrency is above its 200-day simple moving average, a level that has in the past provided good support during uptrends. Market data shows that the last time Bitcoin broke above this moving average was in October 2024, and the rally was 80 percent to the previous peak.

Bids on Binance’s order book are tight with $94,279.99 and asks at $94,999.99, meaning interest in trading is high. As of now, the 24-hour trading volume is 23,789.695 BTC ($2,378,695,712.14), which is a testimony to the high market activity.

This is not the only trend that has occurred, as Bitcoin exchange inflows have decreased to 45,000 BTC on April 23 from a year-to-date high of 97,940 BTC on February 25. This reduction implies less selling pressure because fewer coins are being moved to exchanges for potential sales. In addition to providing additional support for the optimistic view, the trend coincides with an increasing “HODL” feeling among investors.

It has also been influenced by the market’s reaction to macroeconomic factors. Inflows into Bitcoin ETFs, similar to those seen in gold markets post 2008 with the rise in the price of wheat and oil, have been driven by "inflation concerns" that have seen CPI prints beat on expectations in February and March. The appeal of Bitcoin to institutional investors has increased as it’s increasingly seen as a hedge against inflation.

The value of Bitcoin on the market is currently estimated to be 1.87 trillion dollars, making it the fifth-largest asset in the world.