Bitcoin price surged past $95K this week

Bitcoin price surged past $95K this week, sparking renewed investor confidence in Bitcoin investment.

Bitcoin price surged past $95K this week, sparking renewed investor confidence in Bitcoin investment. Since Donald Trump’s election victory, Bitcoin has been on track, establishing a powerful rally. The broader crypto market is also experiencing a surge in momentum, reflecting increased investor participation and optimism.

The positive outlook was further boosted by spot Bitcoin ETFs, which saw a staggering $2.7 billion in inflows this week. This influx shows growing investor confidence in Bitcoin. Also, this bullish wave was escalated by easing macroeconomic concerns and regulatory clarity around crypto ETFs. Hence, analysts suggest that if Bitcoin continues its rally, it could surpass $100k in the near term.

Let’s dive in and analyze the last 24 hours of BTC price movement to know whether this rally can push BTC to unprecedented new highs.

On 25th April, Bitcoin trading day opened with a brief fall at 00:00 UTC, demonstrating a bearish sentiment. But at 00:20 UTC, Bitcoin found support at $93,620 and experienced an uptrend. Substantially, at 01:10 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. As expected, Bitcoin resisted at $94,226 and experienced a sharp fall. A Death Cross on MACD at 01:20 UTC affirmed this downtrend.

However, Bitcoin then found support at $92,971 at 03:00 UTC, and experienced an uptrend. A Golden Cross on MACD at 03:30 UTC asserted this uptrend. At noon, Bitcoin encountered an RSI Overbought situation, indicating a potential trend reversal. As expected at 12:10 UTC, Bitcoin resisted at $94,797 and experienced a short-term fall. Subsequently, at 13:30 UTC, Bitcoin found support at $94,197 and began to move up. But at 15:00 UTC, Bitcoin price movement resisted at $95,606 and experienced a downtrend. A Death Cross on MACD at 15:25 UTC affirmed this downtrend. At 16:15 UTC, Bitcoin found support at $94,777 and experienced a brief rise. Conversely, at 17:20 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. Likely, Bitcoin resisted at $95,606 and began to fall.

Substantially, at 17:55 UTC, Bitcoin found support at $94,506 and experienced an uptrend. A Golden Cross on MACD at 18:30 UTC asserted this uptrend. In the evening, at 20:00 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. At 20:05 UTC, BTC price resisted, began to fall, and closed at $94,758.

As illustrated in Chart 1, on April 26, 2025, Bitcoin trading day kicked off with notable price movements within the key levels. During the early trading session, Bitcoin began with a brief rise, demonstrating a robust bullish sentiment. But at 00:25 UTC, Bitcoin encountered resistance at $94,787 and began to fall. Subsequently, at 00:45 UTC, Bitcoin found support at $94,555 and began to move up. However, at 01:35 UTC, a Death Cross on MACD signaled a possible downtrend. Likely, at 02:45 UTC, Bitcoin encountered resistance at $95,088, experiencing a sharp decline.

Today, Bitcoin is exhibiting a notable price movement within the key levels. Hence, traders are wondering what its next move will be. In a possible scenario, if Bitcoin price exhibits a downward trajectory, it could break the key support level and encounter a sharp decline. In case Bitcoin fails in its attempt, it could bounce back, break the key resistance, and reach a new high. As Donald Trump’s trade war and market uncertainty persist, crypto assets like Bitcoin are gaining momentum in the crypto market. So, to find the right time to buy or sell Bitcoin, closely monitor the key levels.