Bitcoin Holds 93K as Bulls Pile In

Bitcoin (BTC) is trading around $93,827 as of April 25, 2025, marking a 1.51% gain over the previous day. The leading cryptocurrency has seen an intraday range between $92,322 and $94,184, suggesting growing market strength as it pushes through previous resistance zones.

Technical analysis shows bullish momentum is firmly in play. The 50-day and 200-day moving averages are both trending upward, while the Relative Strength Index (RSI) remains neutral, giving BTC room for further gains. Key resistance levels lie at $94,000, $95,000, and $97,000, with support holding firm at $92,800, $91,450, and $90,400.

On-chain data reveals that 62% of BTC holders are currently in profit, reducing potential sell pressure. Whale activity has also picked up notably, with large wallet addresses accumulating over 10,000 BTC. Simultaneously, BTC outflows from centralized exchanges suggest a shift toward long-term holding.

Institutional players continue to show confidence in the market. Bitcoin ETFs have logged net inflows of $442 million over the past five days, pointing to sustained interest from professional investors. ARK Invest has updated its 2030 BTC price target to as high as $2.4 million, reinforcing Bitcoin’s status as a digital alternative to gold.

Despite the overall bullish backdrop, some analysts are warning of a potential short-term correction due to rising retail interest. Market sentiment indicators have shown a surge in trader enthusiasm following BTC’s recent rally past the $94,000 mark.

Ethereum (ETH) is trading at approximately $1,788.75 as of April 25, 2025, posting a 2.59% gain over the last 24 hours. The second-largest cryptocurrency by market cap has traded in a range between $1,742.06 and $1,788.75 during the day, marking a confident move toward reclaiming higher levels.

Technical indicators continue to support a bullish narrative. Both the 50-day and 200-day moving averages are trending upward, signaling long-term momentum. The Relative Strength Index (RSI) remains in a neutral zone, indicating that ETH still has room to move higher without being overbought. Immediate resistance levels are identified at $1,800, $1,850, and $1,900, while strong support is holding at $1,750, $1,700, and $1,650.

On-chain metrics show that roughly 58% of ETH holders are currently in profit, pointing to decreased selling pressure. Large-scale wallets holding over 10,000 ETH have been actively accumulating, a trend supported by declining ETH balances on centralized exchanges, reflecting longer-term holding behavior.

Institutional involvement is picking back up. Ethereum ETFs recorded net inflows of $38.8 million on April 22 after a 10-day dry spell, suggesting that institutions are regaining confidence in Ethereum’s potential. The renewed capital influx into ETH ETFs complements the steady whale accumulation seen on-chain.

While the market shows strong fundamentals, analysts caution that a spike in retail interest—often marked by price chasing—could introduce short-term volatility. Ethereum’s break above the $1,780 level has fueled optimism, but traders are advised to monitor market sentiment closely for any signs of overextension.