Bitcoin market analysis april 29 2025 Analysts Predict Further Gains
April 29, 2025 – Bitcoin (BTC) has caught the eye of the crypto market again by scaling by itself to $95,079 on Monday, April 28, 2025, with this buoyancy on the market inducing an increase of about 10% over the past week. This further spell of bullishness has created hopes among investors and analysts alike. With his important technical indicators, prominent crypto analyst Ash Crypto (@Ashcryptoreal) suggests how Bitcoin will ascend higher from here, probably into the price discovery mode beyond the earlier all-time high of $109,356.
Technical Breakout Signals Bullish Reversal
In a lengthy analysis published on X, Ash Crypto pointed out several indicators of bullishness that supported Bitcoin’s upward trajectory. The cryptocurrency violated a falling wedge pattern—a bullish reversal pattern—in place from the late 2024 early 2025 period. The breakout then confirmed by a decisive move above the upper trendline of the pattern coincides with historical patterns whereby falling wedges often precede massive rallies to the upside.
Furthermore, Bitcoin flipped a very critical horizontal resistance zone of $88,000-92,000 into support. Ash Crypto said this level of support, currently giving support, could be where Bitcoin builds the new foundation for its next leg upwards. The next important key resistance level will be $109,356, which, if broken, sends Bitcoin into uncharted price territory, a phase called price discovery.
Momentum Indicators Support Uptrend
The analysis furthermore cited momentum indicators reinforcing the bullish outlook. The Moving Average Convergence Divergence (MACD), on the weekly chart, nears the bullish crossover that historically has indicated huge upward movement from it for Bitcoin. The expansion in the MACD histogram is positive, an indication of momentum building up in the current rally.
The Relative Strength Index (RSI) supports this trend further, sitting at 58 after breaking a long-term downtrend line, thus indicating increasing pressure in the buying-opportunity market and strength with no immediate signs of bearish divergence in place. Traditionally, a standard RSI of above 70 indicates overbought conditions. However, with 58, that suggests that still got miles to go before overbought territory.
Bitcoin’s Movement on Monday, April 28, 2025
According to the graph shared by Ash Crypto, on Monday Bitcoin began at around $93,780 and rose gradually throughout the day. As at the time of this post, at 14:20 UTC (7:50 PM IST), Bitcoin stood at $95,079, representing a gain of 1,310 USD off the previous day’s close (+1.40%). The day’s high was recorded at $95,245, while the day’s low was a bit lower at $92,846 showing fairly low volatility between the trading range of the day.
The price gain has continued on Bitcoin’s strong performance in the past week where it gained 10% and is positive in short-term trends. The support zone put at $88-$90,000 by Ash Crypto continued to remain firm as a base reinforced for this bullish run.
Broader Market Context
The recent drastic increase in Bitcoin prices is in accordance with the ongoing dynamics such as the turmoil in the stock markets and the weakening dollar. On April 22, 2025, CNBC reported Bitcoin reclaiming the $90,000 level when these additional downward pressures formed from trying to find alternatives to Bitcoin by its investors. Bitcoin gained 4.8% on that day to a price of $91,563.27, for a total increase in value of over 8% over two days. Significant inflows were also recorded from U.S. spot Bitcoin ETFs, which saw $381.4 million coming into it on the previous day, April 21—the largest daily inflow since January 30, 2025.
According to experts, Bitcoin was recently decoupling from traditional risk assets such as equities, which were facing volatility due to tariff talks and political pressure from the Trump Administration on the Fed to cut interest rates. Chart analyst Katie Stockton of Fairlead Strategies had identified key resistance at $88,000 and the subsequent target at $95,900—an area Bitcoin has just surpassed.
Community Reactions and Future Projections
In the X community, Ash Crypto’s analysis got welcomed with excitement. Users like @CryptoGirlVeron forecast that Bitcoin would break the $100,000 barrier in the week, whereas @nns_w3 speculated that should Bitcoin hold above $93,000, a new all-time high could be established sooner rather than later. Other users, such as @bmsquamtum, set even higher targets, wishing for Bitcoin to hit $200,000.
However, there is some caution. Also noted previously by Stockton, the recent upward Bitcoin movement was characterized by very light volumes, tempering the conviction of breaking higher resistance levels without significant catalyst input like Fed rate cuts or favorable tariff resolutions.
What’s Next for Bitcoin?
The Bitcoin market is now trading at over $95,000 and has shown healthy momentum, with the next level of resistance at $109,356 now in-vogue. A strong breakout beyond this resistance could see the new buyers coming in as Bitcoin moves into price discovery mode to make new all-time highs. Bit, in this bull market, the area of support between $88,000 and $90,000 will be key.
As Bitcoin continues to decouple from traditional markets while buying institutional interest, it is increasingly becoming a hedge against economic uncertainty. In the coming days, investors and traders will be watching closely for macroeconomic developments and technical levels to map Bitcoin’s next move.
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