As the global financial markets kick off the week on Monday, April 28, 2025, Bitcoin (BTC) remains a focal point for investors navigating a complex landscape of macroeconomic uncertainties, institutional adoption, and technical market signals. With US and Asian markets opening, today’s price action and trends provide critical insights into Bitcoin’s short-term trajectory and its role in the broader financial ecosystem. This article explores the potential trends, price analysis, and key market news influencing Bitcoin as of April 28, 2025.
Current Bitcoin Price and Recent Performance
As of early Monday, April 28, 2025, Bitcoin is trading around $94,615, according to technical forecasts and recent market data. This follows a robust recovery from an April low of approximately $74,000, marking a 23% gain from its lowest point this month. Over the past week, BTC has risen by 12.82%, driven by strong institutional inflows and a broader market rebound. The cryptocurrency has shown resilience, with a 5.49% increase over the last month, adding significant value to its market capitalization, which now hovers near $1.8 trillion.
Bitcoin’s recent performance has been bolstered by a combination of technical breakouts and macroeconomic factors. Notably, the cryptocurrency reclaimed the $90,000 level last week for the first time since early March, fueled by a softening of US trade rhetoric and a surge in spot Bitcoin ETF inflows. On April 22, US ETFs tracking Bitcoin recorded $381.4 million in inflows, a significant deviation from the 2025 average, signaling renewed institutional interest.
Technical Analysis: Bitcoin’s Price Outlook for April 28
Technical indicators suggest Bitcoin is in a bullish phase, with potential for further upside, though resistance levels loom. Here’s a breakdown of key technical signals:
- Moving Averages: The 50-day moving average is rising, indicating a strong short-term trend, while the 200-day moving average has been climbing since late March 2025, reinforcing long-term bullish momentum. On the weekly timeframe, the 50-day moving average acts as support below the current price, further solidifying the upward trend.
- Price Predictions: Analysts forecast Bitcoin’s price on April 28 at approximately $94,615, with a potential range between $87,992 (minimum) and $101,238 (maximum). By April 29, prices could edge higher to $95,307, and by April 30, $95,610 is projected. These projections align with a bullish outlook, provided BTC holds above key support levels around $90,000.
- Resistance and Support: Bitcoin faces resistance near $95,000, where a Doji candlestick pattern formed on April 23, indicating indecision among traders. A break above this level could pave the way for a push toward $98,000–$100,000 by month-end. Conversely, a drop below $90,000 could see BTC test support near $87,000–$88,000, where the 50-day moving average and prior range value areas converge.
- Market Sentiment: Bitcoin’s Market Value to Realized Value (MVRV) score has remained above 2 since October 2024, a level associated with its all-time highs, suggesting sustained investor confidence. Additionally, posts on X highlight strong support at $81,000 and potential targets of $87,000–$88,000 in the near term, reflecting optimistic retail sentiment.
Global Market News Impacting Bitcoin
US Market Dynamics
The US market opening on April 28 comes amid ongoing uncertainty surrounding President Donald Trump’s trade policies and Federal Reserve actions. Last week, a softening of Trump’s stance on China tariffs sparked a relief rally, with Bitcoin rising 8% over two days to reclaim $91,563 on April 23. However, Trump’s renewed pressure on Federal Reserve Chair Jerome Powell to lower interest rates immediately introduces volatility. A potential rate cut could weaken the US dollar, boosting Bitcoin as an alternative store of value, especially as the US dollar index hovers near 99.62, up slightly from a low of 97.92 last week.
The equity market’s performance also plays a role. The S&P 500 dropped 21% between February and March 2025, while Bitcoin’s correlation with tech stocks has weakened. Bernstein analysts note that Bitcoin has outperformed the Nasdaq year-to-date, down 10% compared to the Nasdaq’s 16% decline, positioning BTC as a potential hedge against equity market turbulence.
Asia Market Influence
In Asia, the economic calendar for April 28 is relatively quiet, with no major data releases scheduled. However, regional sentiment remains mixed following modest gains in European indices and uneven movements in Asian markets last week. Japan’s Metaplanet, holding 5,000 BTC, plans to double its Bitcoin reserves, while Hong Kong’s HK Asia Holdings aims to raise $8.35 million for BTC purchases. These moves signal growing institutional adoption in Asia, which could support Bitcoin’s price as markets open.
Additionally, the introduction of fragBTC on the Solana blockchain, announced on April 25, is trending on X. This liquid restaking token allows Bitcoin holders to earn yields while maintaining liquidity in Solana’s DeFi ecosystem, potentially increasing BTC’s utility and attracting investment from Asia’s vibrant crypto community.
Institutional and Corporate Adoption
Institutional demand remains a key driver. Bitcoin reserves on exchanges have dropped to their lowest levels since November 2018, with public companies purchasing 425,000 BTC as of April 2025. Strategy (formerly MicroStrategy) added 6,556 BTC this month, while spot Bitcoin ETF inflows spiked to 500 times the 2025 average on April 22. Analysts from Standard Chartered and Intellectia AI predict BTC could reach $200,000 by year-end, citing ETF demand and Bitcoin’s role as a hedge against macroeconomic risks.
Adam Back, CEO of Blockstream, argues that corporate treasury strategies adopting Bitcoin are a “logical and sustainable arbitrage,” driven by BTC’s price appreciation outpacing inflation over four-year cycles. This trend, coupled with declining exchange reserves, suggests tightening supply, which could propel prices higher if demand persists.
Macro Trends and Risks
Bitcoin’s narrative as a hedge against economic uncertainty is under scrutiny. While its decade-long compound annual growth rate outpaces most traditional assets, BTC has not consistently acted as a safe-haven asset during equity market corrections. The sharp S&P 500 decline in early 2025 saw Bitcoin drop alongside risk assets, though its recent decoupling from tech stocks offers hope for investors seeking diversification.
Key risks include:
- Regulatory Uncertainty: Shifting global regulations could impact Bitcoin’s adoption and price stability. While the US approval of spot Bitcoin ETFs in 2024 boosted institutional participation, any reversal in policy could dampen sentiment.
- Market Volatility: Bitcoin’s history of 30%+ drawdowns remains a concern. A sudden shift in market conditions, such as renewed tariff escalations or unexpected Federal Reserve actions, could trigger a pullback.
- Retail Influence: The Exchange Whale Ratio fell below 0.3 in April 2025, indicating growing retail investor influence. While this democratizes the market, it also increases susceptibility to sentiment-driven swings.
Bitcoin Price Prediction for April 28, 2025
Based on technical analysis and market conditions, Bitcoin is likely to trade within a range of $90,000–$98,000 on April 28, with a bias toward the upside if bullish momentum persists. A breakout above $95,000 could target $100,000 by the end of April, supported by strong ETF inflows and institutional buying. However, failure to hold $90,000 may lead to a retest of $87,000, where technical support is robust.
Analysts at CoinDCX project a $98,000 target for April, with potential to reach $109,000 in the coming months if institutional flows continue. More optimistic forecasts, such as those trending on X, suggest BTC could hit $125,000–$180,000 by late April or May, driven by a parabolic bull run following a retest of key support levels.
Conclusion
On April 28, 2025, Bitcoin stands at a pivotal juncture as US and Asian markets open. Its recent rally, fueled by institutional adoption, technical strength, and macroeconomic shifts, positions it for potential gains, with $100,000 in sight if resistance at $95,000 is breached. However, risks from regulatory uncertainty, market volatility, and geopolitical tensions warrant caution. Investors should monitor ETF inflows, Federal Reserve rhetoric, and Asian institutional activity for clues on Bitcoin’s next move. As the cryptocurrency continues to carve out its role in the global financial system, April 28 offers a critical window into its near-term trajectory.
Sources:
- XTB: Bitcoin Chart Analysis, April 23, 2025
- CNBC: Bitcoin Retakes $90,000, April 23, 2025
- 30rates.com: Bitcoin Price Prediction, April 27, 2025
- Changelly: Bitcoin Price Prediction 2025–2040, April 27, 2025
- CoinDCX: Bitcoin Price Prediction 2025, April 25, 2025
- Yahoo Finance: Bitcoin Reserves Drop, April 25, 2025
- Cointelegraph: Bitcoin ETF Inflows Spike, April 23, 2025
- X Post by @Ashcryptoreal, April 10, 2025
- X Post by @EmperorBTC, April 12, 2025
