Bitcoin Nears $95K: As of the end of April 2025, Bitcoin is trading close to $95,000, showing signs of stability. The total cryptocurrency market capitalisation stands at $2.96 trillion, slightly down from the previous day. However, Bitcoin continues to dominate the market with over 63% share even as trading volume dips slightly.

Bitcoin Nears $95K:

Experts believe that the current price level around $95,500 is a key resistance point. Analysts say Bitcoin has broken its previous downtrend and is now in a bull market phase. This is supported by its movement above the 50- and 200-day averages suggesting potential for more growth. If Bitcoin crosses $96,000, it could lead to a further price rally.

Ethereum, the second-largest cryptocurrency, is also showing resilience, trading near $1,800. Although it is currently in a consolidation phase, analysts expect a breakout above $1,850 could push it to $2,150. Both Bitcoin and Ethereum have attracted institutional investors, which adds more confidence to the market.

Looking ahead to May 2025, many crypto experts believe the market is near a critical level. The total crypto market is close to the $3 trillion mark. Breaking past this barrier could attract more large-scale investments. The Fear and Greed Index, which measures investor sentiment, has moved into the ‘greed’ zone, indicating more confidence among traders.

Investment firms are also optimistic. Bernstein predicts Bitcoin could reach $200,000 by the end of 2025 and possibly $1 million by 2033. Meanwhile, AI-powered platforms like Token Metrics have turned bullish, a sign often linked with long-term market growth.

Overall, despite short-term fluctuations, the long-term outlook for Bitcoin and other cryptocurrencies looks promising. With more institutions entering the space and market conditions improving, May 2025 could be a significant month for crypto investors.

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