Bitcoin’s price held steady at $94,317 with a market cap of $1.87 trillion; as the cryptocurrency faces resistance, trading shows cautious optimism. Key support at $93,500 and resistance close by at $95,800 are noted. Technical indicators suggest a potential bullish breakout if resistance breaks, but traders should be aware of possible pullbacks should support fail.
As of April 26, 2025, Bitcoin’s price has stabilised around $94,317, with a hefty market cap of $1.87 trillion and trading volume clocking in at $21.12 billion over the past 24 hours. The cryptocurrency fluctuated between $94,033 and $95,857 during this period, hinting at a tense situation where bullish interest is facing increasing resistance.
The daily chart shows a notable uptrend from a low of $74,434. Bitcoin has been rising, aiming for the $95,000 mark, and this move has seen trading volumes increase—often seen as a sign of genuine bullish strength. There’s solid support in the $88,000 to $90,000 range, with immediate resistance showing up close to its recent high of $95,857. Oscillator readings like the relative strength index (RSI) sit at 68, and the average directional index (ADX) is at 25—both suggesting the trend is strong but not overly heated. The commodity channel index (CCI) at 146 and Stochastic at 92 raise caution flags regarding overbought conditions.
A closer look at the 4-hour chart uncovers a steady, stair-step-like rise, interrupted only by brief consolidations following each upward surge. Currently, Bitcoin is experiencing a slight correction off the peak of $95,857, with volume decreasing—a potential red flag for upcoming volatility. Critical support is noted around $93,500 and resistance lurks just below $95,800. Insights from oscillators on this timeframe hint that the market may be nearing its limits, especially as price formation tightens into a rising wedge. A decisive drop below support might accelerate any pullback, but if strength holds, Bitcoin could break out toward the $97,000 zone.
On the 1-hour chart, Bitcoin is trading in a sideways range, oscillating between $94,000 and $95,000. There’s been a marked contraction in volume, which often signals a forthcoming decisive move either up or down. The momentum indicator has come in at 10,249 with a selling signal, which could suggest bearish divergence as higher price highs aren’t coinciding with higher momentum. Traders should keep an eye on $93,800 for possible short positions or consider the $95,300 level for purchasing opportunities should buying pressure ramp up. If support fails, weakness could become apparent swiftly.
When looking at oscillators and moving averages across different timeframes, there’s a mixed but mainly positive narrative emerging. The MACD has flipped positive with a buy signal at 2,659, and nearly all exponential moving averages (EMAs) and simple moving averages (SMAs) from 10 to 200 periods are giving buy signals as well. This suggests while there may be short-term hurdles, the general market likely favours the ongoing uptrend. For traders with a longer view, pullbacks into the $90,000 to $92,000 support area might present good buying opportunities.
In summary, Bitcoin’s position remains bullish on broader timeframes, but short-term consolidation or minor pullbacks seem quite likely. Traders should keep a watchful eye for a confirmed breakout above $95,800 to support further gains. Alternatively, if $93,500 is breached, then a decline towards that psychological $90,000 level might be on the horizon. Adapting with patience and managing risk will be crucial in the near future.
Bull Verdict: The technical indicators on the daily and 4-hour charts present a solidly bullish stance, backed by persistent buy signals from the moving averages and a favourable MACD level. If Bitcoin can hold above $93,500 and push past the $95,800 resistance, there’s a real possibility for it to soar towards the $97,000–$98,000 range soon.
Bear Verdict: However, there are warning signs based on several oscillators flashing sell signals, coupled with short-term charts showing exhaustion and bearish divergence. Should the $93,500 support give way, Bitcoin might face a sharper decline towards the $90,000 to $92,000 zone, signalling a much deeper correction before any hope of further upward movement.
