BTC Price Stabilizes Above $92K in April 2025 – Can Hedge Demand Drive the Next Move?

After a period of sharp upward movement, the leading crypto asset, Bitcoin, is now consolidating. Currently, Bitcoin price stabilizes above $92,000 as investor confidence grows in Bitcoin investment. But it also ignites speculation among investors about Bitcoin’s next move. Hence, traders are monitoring the key levels to know whether Bitcoin could gear up for another bullish rally. With insights from recent Bitcoin news, growing macroeconomic concerns on inflation and currency devaluation trigger investors to view Bitcoin as a hedge. Hence, analysts suggest that if the demand for Bitcoin as a hedge persists, the BTC price movement could build momentum for another rally.

In this article, let’s analyze the last 24-hour price movement of Bitcoin to know whether BTC price could exhibit buy or sell momentum.

Bitcoin’s Notable Price Action – April 23, 2025

On April 23, 2025, Bitcoin trading day began with a brief rise, demonstrating a bullish sentiment. But at 00:20 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtrend. As expected, Bitcoin resisted at $93,919 and experienced a sharp decline. A Death Cross on MACD at 00:10 UTC endorsed this ensuing downtrend. At 01:50 UTC, Bitcoin found support at $92,571 and began to move on the upside. A Golden Cross on MACD at 03:25 UTC affirmed this uptrend. At 07:55 UTC, Bitcoin broke the resistance at $92,571, breached a breakout, and reached the day’s top price of $94,427. 

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 24, 2025

At 08:15 UTC, Bitcoin price resisted at $94,427 and experienced a sharp fall. But at 10:05 UTC, Bitcoin encountered an RSI Oversold situation, indicating the possible uptrend. As expected, at 10:15 UTC, Bitcoin found support at $93,350 and experienced an uptrend. A Golden Cross on MACD at 11:15 UTC affirmed this uptrend. Substantially, at 13:10 UTC, Bitcoin encountered an RSI Overbought situation, signaling the possible trend reversal. Likely, at 13:20 UTC, Bitcoin resisted at $94,071 and experienced a sharp decline. 

At 15:15 UTC, Bitcoin price broke the support at $92,571, breached a short breakout, and dropped to $92,160. At 15.25 UTC, Bitcoin found support at $92,160 and experienced an upward movement. Substantially, at 18:15 UTC, Bitcoin resisted at $94,224, began to fall, and dropped to $92,960. A Death Cross on MACD at 18:35 UTC affirmed this downtrend. At 19:30 UTC, Bitcoin found support at $92,960, experienced an uptrend, and closed at $92,729.

Bitcoin Holds Above $92,000 – April 24, 2025

As illustrated in Chart 1, on April 24, 2025, Bitcoin trading day kicked off with a brief fall. But at 01:20 UTC, a Golden Cross on MACD signaled a possible uptrend. Likely, at 01:30 UTC, Bitcoin found support at $93,064 and experienced a short-term rise. Substantially, at 02:15 UTC, Bitcoin resisted at $93,589 and began to experience a sharp fall. A Death Cross on MACD at 02:45 UTC affirmed this downtrend. At 04:10 UTC, Bitcoin found support at $92,484, moved uptrend, and kept fluctuating between key levels.

Bitcoin’s Next Move – Bull or Bear?

Based on today’s price analysis, Bitcoin is experiencing sharp shifts. If Bitcoin price movement attempts to break the resistance level at $94,224, it could hit a new high, suggesting a bullish momentum. If it fails in its attempt, Bitcoin price could experience a sharp fall and break the key support level at $92,160, suggesting a bear trend. As per recent insights from Bitcoin news, if the growing macroeconomic concerns continue, it could drive investors’ confidence in Bitcoin investment. This could potentially build another bullish momentum. So, let’s closely monitor the key resistance and support levels to find Bitcoin’s next move.