Bitcoin Hits $94,000 with Short Liquidations and Growing Investor Confidence

• Bitcoin’s solid upward trend suggests a potential all-time high (ATH) breakout soon.
• Short positions worth $560M liquidated as Bitcoin breaks through the $90K barrier.
• Bitcoin ETFs see $936M inflows, the largest single-day inflow since January 2025.

Bitcoin’s (BTC) price surpassed $94,000, triggering strong market movement. At the time of writing, the cryptocurrency’s trading value stands at approximately $93,700. This week’s recent market surge is driven by factors, including institutional investor participation and short position liquidations. Strong market momentum in BTC has pushed prices to test key critical points, with a significant target area lying between $93,000 and $95,000.

Solid upwards trend, break $87K and we'll test $92-94K for #Bitcoin.

That's what we're seeing right now.

This is the area for a short-term top and some consolidation (between $93.5-95.25K).

Great signs on the board, it's very likely that we'll start the uptrend to an ATH. pic.twitter.com/ydw3xuQ4eQ

— Michaël van de Poppe (@CryptoMichNL) April 23, 2025

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