Bitcoin Price Struggles Below $95.6K Triple Top — India Hype vs. ETF Drag

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Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

April 29, 2025

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Bitcoin is stuck in a holding pattern just below a key resistance at $95,643, forming what looks like a triple top on the chart. While technical signals flash indecision, the broader market is split between bullish momentum coming from India’s $10 million crypto push and the drag from continued ETF delays in the U.S.

The $95.6K ceiling is now the battleground, and a breakout — or breakdown — could set the tone for the next big move.

India’s Crypto Boom Fuels Bitcoin Optimism

In a contrasting bright spot, India is emerging as a powerhouse for Web3 development. Bitget and Avalanche are investing $10 million to grow India’s crypto talent pipeline through events, grants, and scholarships — with a focus on Delhi and Bangalore.

• 75% of Indian crypto investors are aged 18–35
• India supplies 12% of global Web3 devs
• Coinbase and Bybit are returning to the Indian market

The move could boost adoption of major assets like BTC, especially as regulatory clarity improves. While Dogecoin and SHIB draw headlines, BTC and ETH remain dominant holdings in India’s maturing investor base.

Trump Token Buzz, ETF Delays Stir Uncertainty

On the U.S. front, Trump’s Truth Social is exploring its own crypto token to support subscriptions and digital services. While the news hasn’t moved DJT stock much, it reflects rising mainstream interest in blockchain solutions.

Meanwhile, the SEC has again delayed decisions on Dogecoin and XRP ETFs proposed by Bitwise and Franklin Templeton — pushing them to June. This follows over 70 pending crypto ETF proposals submitted in 2025.

Key Highlights:

• Trump token may boost mainstream crypto appeal
• ETF delays favor BTC over altcoins
• Political pressure on regulators is rising

These developments reinforce BTC’s positioning as the safest bet for institutional inflows, especially as uncertainty swirls around altcoin regulation.

Bitcoin (BTC/USD) Technical Outlook – Trade Setup Below $95K

The BTC/USD is showing signs of exhaustion just beneath the $95,643 resistance zone. Price action has repeatedly tested this level but failed to break through, forming a potential double-top pattern.

The 50 EMA ($94,698) is now acting as near-term resistance, while the ascending trendline from April 24 continues to offer support. MACD momentum is flattening, signaling indecision.

For traders: this is a classic range-trading scenario. If BTC fails to reclaim $95,643 and dips toward $93,760, traders could look to buy near the trendline with a stop below $93,000.

Alternatively, a clean breakout above $95,643 on strong volume opens the door to $96,850. Until then, expect choppy sideways action.

Trade Idea:

• Buy: Near $93,760 trendline support
• Target: $95,600–$96,850
• Stop-Loss: Below $93,000
  This setup balances risk and reward in a consolidating but bullish structure.

Final Take

Bitcoin remains stuck under the $95.6K ceiling, forming a potential triple top—but India’s $10M Web3 initiative and rising global engagement provide a longer-term bullish backdrop.

While ETF delays weigh on sentiment, they also underscore Bitcoin’s dominance as the institutional favorite. Watch the $95,643 breakout — it could decide the next leg up.

BTC Bull Token Crosses $5M Milestone as 80% Yield Fuels Staking Surge

Investor interest in BTC Bull Token ($BTCBULL) remains strong, with $5.1 million raised out of a $5.84 million target. The token is now priced at $0.002485 as the presale rapidly approaches its next price increase.

BTCBULL stands apart from typical meme tokens by offering utility-driven staking rewards. Investors can earn an estimated 80% annual yield while retaining full liquidity—unstaking is available anytime with no penalties.

High-Yield Staking with Flexible Access

BTCBULL continues to set itself apart from typical meme assets by focusing on sustainable utility. The project’s staking program offers an estimated 81% annual yield, complemented by Bitcoin-backed distribution rewards.

Crucially, users retain full liquidity with the ability to unstake anytime—no mandatory lockup periods or penalties.

Latest Staking Snapshot:

• Tokens Staked: 1,304,753,147 BTCBULL
• Annual Yield: 80% APY
• Unstaking: Available at any time

This flexible structure appeals to both yield hunters and investors seeking upside potential without giving up liquidity.

BTCBULL’s flexible, high-yield model offers an attractive entry point for investors seeking strong returns and liquidity as crypto market momentum builds.