Bitcoin (BTC) has surged to $95,045, marking a 1.88% increase in the past 24 hours. The world’s top cryptocurrency continues its rally after bouncing back from an early April low of around $76,000, showing renewed strength across the digital asset market.
Bitcoin Nears $95K as Bullish Momentum Pushes Crypto Market Higher
This upward trend is being driven by a mix of macroeconomic factors and strong investor confidence. Growing speculation around potential Federal Reserve interest rate cuts, combined with institutional adoption and a general bullish sentiment in crypto, has brought fresh energy to the market.
Investment firm ARK Invest recently reaffirmed its bullish stance on Bitcoin, predicting the asset could reach anywhere between $300,000 to $1.5 million by the end of the decade. This long-term optimism is encouraging many retail and institutional players to hold onto their positions or add more BTC to their portfolios.
On the technical side, Bitcoin has broken out of a four-month-long falling wedge pattern and has closed above its 200-day moving average. Analysts also point out that the Relative Strength Index (RSI) is holding above 50, indicating sustained bullish momentum.
But not everything is clear skies. Analysts are eyeing the key psychological resistance of $100,000. A clean breakout above that level could open the path to $107,000, while any pullback might find support around $85,000 or even $76,000.
For now, Bitcoin’s strong performance is bringing positive energy to the broader crypto market, with other digital assets like Ethereum and Solana also posting notable gains. As BTC edges closer to $100K, the crypto world is watching closely to see if it can break through and set new all-time highs in 2025.
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