Bitcoin Holds Near $95K on April 30 – Can Bulls Push It Toward $100K?

Bitcoin (BTC) has been demonstrating notable price action by maintaining its position near the $95K mark despite recent market fluctuations. Today, on April 30, BTC is reflecting a modest 0.5% rise over the past 24 hours. This stability captivates market participants’ interest in Bitcoin investment. Analysts suggest that if Bitcoin moves above the $95K threshold, it could pave the way for a bullish rally towards the psychological $100K barrier. Hence, investors are closely watching BTC price movement to find its next move. 

Here’s a detailed Bitcoin price analysis of the past 24 hours to understand its current market trend. 

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

On 29th April 2025, Bitcoin trading day established a notable price movement, reflecting ongoing market trends. In the early trading session, BTC exhibited a brief fall. However, at 00:20 UTC, support was found at $94,842 and experienced an uptrend. 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 resisted 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 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 resisted 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 resisted 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 preceding 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 exhibited 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. 

Will Bitcoin Price Reach a New High?

In today’s Bitcoin price analysis, the BTC price movement is projected to undergo an upward trajectory, suggesting a potential bullish rally is ahead. Analysts suggest that if the price movement continues its upward trajectory, it could probably rebound to the psychological level of $100K in the near term. In case BTC fails to continue its upward movement, it could experience a sharp decline, suggesting a bearish trend.

Looking to invest in Bitcoin? Before making a big move, do market research, know the current market momentum, and make an informed decision. 

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