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Bitcoin

Bitcoin Poised to Climb Higher

25 Apr 2025by CryptoJazz Admin1 min read2 views
Bitcoin Poised to Climb Higher

🟑Bitcoin remains firmly in an upward trend, supported by strong accumulation from large investors. The accumulation index for holders with over 10,000 BTC has reached 0.9 β€” a clear signal of strong confidence in continued growth. The trend is also backed by smaller “whales” and substantial inflows into spot ETFs, which received $1.8 billion in just two days, boosting demand for the asset.

🟑The price of Bitcoin is now approaching key resistance at $93,625, and confirmation of a “double bottom” pattern would strengthen bullish expectations. If this level is broken, BTC could test the $95,000–$95,761 zone. However, a drop below $89,800 would invalidate the optimistic scenario.

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