Bitcoin Price at $95,832: Are Bulls Back After Some Signs of Renewed Strength?

Bitcoin Cryptocurrency

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

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...

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

May 3, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Bitcoin is hovering around $95,832, showing signs of resilience after a brief dip to the 0.5 Fibonacci retracement level at $95,444. The world’s largest cryptocurrency slipped by 0.52% over the past 24 hours, but it remains up 1.71% for the week. A recent high of $97,754 confirmed that bullish momentum hasn’t vanished entirely.

Technical indicators suggest that Bitcoin is holding firm above the 50-period EMA ($94,971) and above the $94,872 support zone.

This confluence of indicators forms a solid base, and any bounce from here could open the door to $96,782 and $97,329.

The MACD remains in bearish territory, but low trading volumes suggest the move lacks conviction—highlighting potential for a rebound once buyers return.

Trade Setup:

• Entry: Wait for a confirmed bounce above $95,444
• Targets: $96,782 → $97,329
• Stop Loss: Below $94,870

Institutional Ownership Hits 9%, Supporting Bitcoin Price

What’s keeping Bitcoin afloat despite volatility? Institutional demand. According to on-chain data, institutional ownership now accounts for roughly 9% of Bitcoin’s total supply. This includes major players like BlackRock and Fidelity, whose inflows into spot Bitcoin ETFs are creating a new kind of price floor.

These ETFs offer easier access to BTC, especially for traditional finance players, and help reduce market volatility. Unlike short-term traders, institutions tend to hold long-term—tightening circulating supply and applying upward pressure over time.

Institutional Impact at a Glance:

• BlackRock and Fidelity lead growing ETF inflows
• ETF accessibility reduces sell-side pressure
• Long-term holdings tighten supply, stabilizing prices

This shift mirrors historical patterns in traditional markets, where regulated instruments open the door for large-scale, steady capital inflows.

Global Crypto Expansion Adds Long-Term Support; Bitcoin Up?

Binance, the world’s largest crypto exchange, is advancing Bitcoin’s adoption through global partnerships. A recent deal with Kyrgyzstan’s investment agency introduced Binance Pay and blockchain education to the region—an initiative backed by President Sadyr Japarov. The goal: build nationwide crypto infrastructure.

Simultaneously, Binance is advising countries like Pakistan on crypto policy, further pushing digital asset legitimacy in emerging markets. These developments enhance Bitcoin’s reach and utility, especially in nations with underdeveloped banking systems.

Adoption Highlights:

• Kyrgyzstan to roll out Binance Pay and crypto education
• Pakistan exploring digital regulation with Binance’s input
• Boosts Bitcoin’s real-world relevance and transaction volume

BTC Bull Token Crosses $5.28M as Flexible 78% Staking Yield Draws Investors

BTC Bull Token ($BTCBULL) continues to gain traction, crossing $5.28 million in funds raised as it nears its $5.96 million presale cap. Priced at $0.00249, the token has positioned itself as more than just a meme coin—offering real utility through flexible, high-yield staking.

Utility-Driven Tokenomics Fuel Demand

Unlike typical meme tokens, BTCBULL blends crypto culture appeal with tangible staking rewards. Investors can currently earn an estimated 78% APY while keeping their tokens fully liquid—unstaking is allowed at any time without penalties or lockup periods.

This model has resonated with investors who seek yield without sacrificing access, especially in a volatile crypto environment.

Current Presale Stats:

• USDT Raised: $5,320,201.23 of $6,070,369
• Current Price: $0.002495 per BTCBULL
• Staking Pool Total: 1,342,549,903 BTCBULL
• Estimated Yield: 78% annually

With less than $680K left before the next milestone, the presale window is narrowing fast. For investors chasing high yields with exit flexibility, BTCBULL is becoming an increasingly compelling contender in the 2025 crypto cycle.