Main takeout:
Spot Bitcoin ETF inflow is the highest since January 2025.
In December 2016, it will be introduced to the last level.
Bitcoin’s negative financing rate can cause short pressure.
The BTC price is higher than the main moving average and now provides support.
Bitcoin (BTC) prices have risen to the highest value since March 2, to $ 94,700 on April 23.
Some analysts say the next psychological resistance remains $ 95,000 and the price can fall to test the following support levels.
In the April 24 post of X, Swissblock said, “The $ 94K – $ 95K area is a resistance that can be definitely beaten.
OnChain data providers insisted that Bitcoin’s next logical movement would be a full back to $ 90,000.
“$ 89K – $ 90K area may be next to Test Bulls, but this dip is for purchase due to BTC’s structural strength.”
Alphabtc, a popular bitcoin analyst, agreed that assets of $ 93,000 to $ 95,000 will be integrated before assets increase more than 100K liquidity.
Some falling signs suggest that the BTC is well positioned to break more than $ 95,000 next day or in the next week or week.
Bitcoin ETF demand recoil
One factor that supports the Bitcoin Bull debate is a refuted institutional demand and is reflected by a significant inflow to the Bitcoin exchange trading fund (ETF).
On April 22 and April 23, SPOT BITCOIN ETFS saw a total of $ 993 million and $ 970 million in sosovalue data.
As reported by COINTELEGRAPH, the inflow was the highest since January 2025 and was more than 500 times the average of 2025 per day.
This trend reflects the increase in trust between traditional financial players, as observed by market analysts such as Jamie Coutts.
Organ purchases absorb the available supply to give the price of bitcoin continuously.
Less BTC supply in encryption exchange
Bitcoin exchange inflow decline continues, suggesting potential reduction in sales pressure.
According to the data of Cryptoquant, the total amount of coins delivered from April 25 on February 25th to 45,000 BTC from 25,000 BTC from the one -year high of 97,940 BTC per day from 45,000 BTC.
According to AXEL Adler JR., an encryption analyst, the number of addresses that deposit Bitcoin to exchange is reduced and strengthened.
He emphasized that the 30 -day moving average fell to 52,000 BTC, the last level in December 2016.
“This trend is optimistic in itself, because the analyst has four times reduced in coin sales over the past three years.”
“In essence, this represents an increasing HODL feeling, which greatly reduces sales pressure to create a foundation for more growth.”
Negative funding rate can be fueled to the BTC rally.
Bitcoin Price rebounded to the last level in early March, but futures trading has not yet been on board.
According to GlassNode’s data, Bitcoin’s permanent futures funds were negative between April 22 and April 23, despite a 11% increase between April 22 and April 23.
The negative funding rate means that shorts are paid for a long time, reflecting the weak feelings that can cause short pressure as the price rises.
relevant: Bitcoin
On April 22, in X’s post, Cryptoquant contributor Darkfost emphasized similar divergence at Bitcoin’s price and binomic financing rates.
Darkfost said, “BTC continues to rise, while Binance’s financing rate is undergoing a negative change and sits at -0.006 at the time of writing.
He added that the incident was rare, and there were significant rally in October 2023, such as a surge in bitcoin and a surge in bitcoin between $ 57,000 and $ 108,000 in September 2024.
If history is repeated, Bitcoin can be gathered at the current level and exceeds $ 100,000 from $ 95,000.
Bitcoin is traded more than 200 days SMA
On April 22, Bitcoin prices rose to a key level.
The last BTC price exceeded the 200th SMA, and I experienced a parabolic movement, which rose 80% from $ 66,000 on October 14, 2024 to $ 108,000 on December 17.
This level should be provided with significant support as Bitcoin trades beyond this major trend line. But if you don’t have it, the next level will be $ 84,379, 50 days SMA and $ 80,000.
Bulls is the main level of resistance of $ 95,000 and $ 100,000. The above rise will open the way to run to more than $ 109,000 on January 20, January 20.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.