Bitcoin Price Holds Above $90K on April 25 as Exchange Reserves Drop: What It Means for Investors?

On April 25, 2025, the BTC price was firmly above $90,000, signaling investors’ confidence in Bitcoin investment. In recent Bitcoin news, Fidelity Digital Assets stated that the supply of Bitcoin on crypto exchanges has fallen to a 6-year low. Now, it is approximately 2.6 million BTC due to purchases from public companies. In addition, Fidelity reported that nearly 350,000 BTC have been acquired following the U.S. presidential election. This tightening of supply signals a shift in long-term investor confidence as it could elevate the Bitcoin price in the near term. 

In this article, let’s briefly analyze the last 24 hours’ price movement of Bitcoin to find how the  BTC price movement performed. 

Bitcoin Dips to $91,718 – April 24, 2025

On April 24, 2025, Bitcoin trading day began with dynamic price action. Bitcoin started with a brief fall during the early trading session, demonstrating a bearish momentum. But at 01:20 UTC, Bitcoin found support at $93,076 and began to move up. A Golden Cross on MACD at 01:35 UTC affirmed this uptrend. Substantially, at 02:15 UTC, Bitcoin resisted at $93,627 and began to experience a sharp decline. At 08:10 UTC, Bitcoin broke the support at $92,132, breached a breakout, and dropped to $91,718. A Death Cross on MACD at 02:40 UTC endorsed this ensuing downtrend. 

Chart – 1, Analyzed by Buvaneswari_L, published on TradingView, April 25, 2025

At 08:45 UTC, Bitcoin found support at $91,718 and experienced an uptrend. A Golden Cross on MACD at 08:55 UTC affirmed this uptrend. At 16:35 UTC, Bitcoin price resisted at $93,577 and began to experience a short-term decline. A Death Cross on MACD at 16:50 UTC affirmed this downtrend. Conversely, at 17:50 UTC, Bitcoin found support at $92,667 and began to move up. A Golden Cross on MACD at 18:05 UTC asserted this uptrend. Substantially, at 19:55, a pin bar, followed by a full-body red candle, signaled a possible downtrend. Likely, Bitcoin resisted at $93,577 and experienced a short-term decline. 

At 21:30 UTC, Bitcoin found support at $93,136 and began to move up. But at 22:30, a pin bar, followed by a full-body red candle, signaled a potential downtrend. Likely, Bitcoin resisted at $93,577 and experienced a short-term fall. At 22:55 UTC, Bitcoin found support at $93,316 and experienced an uptrend. But at 23:20 UTC, Bitcoin broke the resistance at $93,577, began to move up, and closed at $94,010. 

Bitcoin Fluctuates Between Key Levels – April 25, 2025

As illustrated in Chart 1, on April 25, 2025, Bitcoin trading day kicked off with a brief fall, demonstrating a bearish sentiment. At 00:20 UTC, Bitcoin found support at $93,617 and experienced an uptrend. Substantially, at 01:10 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. Likely, Bitcoin resisted at $92,242 and began to fall. A Death Cross on MACD at 01:15 UTC affirmed this downtrend. At 02:50 UTC, Bitcoin encountered an RSI Oversold situation, indicating a potential trend reversal. Likely, at 03:00 UTC, Bitcoin found support at $92,966, experiencing an uptrend. A Golden Cross on MACD at 03:25 UTC affirmed this uptrend. 

Bitcoin’s Possible Move – Buy or Sell?

Today’s Bitcoin price movement is projected to experience sharp shifts within the key levels. In a possible scenario, if Bitcoin continues its upward movement, it could break the key resistance at $94,242 and reach a new high. In case Bitcoin resists, it could break the key support at $92,667 and encounter a sharp decline, suggesting a bear trend. As per recent Bitcoin news from Fidelity Digital Assets, it is clear that Bitcoin supply on crypto exchanges is falling. If the decline continues, Bitcoin investment could gain more investors’ confidence, potentially leading the Bitcoin price to hit a new high.