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The Bitcoin price climbed 1% in the last 24 hours to trade at $84,857 as of 11p.m. EST on a 40% increase in trading volume to $12.5 billion.
The small increase in the BTC price comes after BlackRock added $30.8 million worth of Bitcoin to its iShares Bitcoin Trust (IBIT), reinforcing its position as one of the largest Bitcoin ETF holders.
🔥 BULLISH: BlackRock has bought $30.73 million worth of Bitcoin today. pic.twitter.com/vuxKfdiJ6E
— ai$ha.eth👾 (@aishaeth9999) April 17, 2025
This acquisition is part of a broader crypto market rebound in 2025 and continues a series of BTC purchases following the approval of the spot ETF in 2024.
Bitcoin Price Picks Up Momentum After A Prolonged Consolidation
Bitcoin (BTC/USDT) appears to be shifting from a bearish correction to a possible bullish continuation. Currently trading at $84,857, BTC is showing signs of recovery after moving sideways and pulling back from its recent high near $100,000.
Earlier in the chart, Bitcoin broke out of a long bearish channel that lasted from August to September 2024. This breakout in early October sparked a strong rally, pushing the price from the $25,000–$30,000 range to the $100,000 resistance zone.
During this upward move, Bitcoin cleared several areas of sell-side liquidity, showing strong buying pressure and momentum. The rally was backed by bullish order blocks and fair value gaps (FVGs), which served as key support levels during the climb.
BTCUISDT Analysis Source: Tradingview
Bitcoin Price Eyes Recovery As Market Structure Shifts Bullish
Bitcoin’s rejection at $100,000 started a bearish trend, confirmed when the price dropped below $85,000. This led to a downward correction, with the price eventually finding support between $77,000 and $78,000. It stayed in that range for a few weeks, suggesting investors were accumulating.
The price has broken upward, which could signal a shift back to a bullish trend. If Bitcoin stays above $84,000, it may gain enough strength to retest $90,000 and possibly challenge the $100,000 resistance again.
The Relative Strength Index (RSI) is now at 52.57, slightly above its moving average of 47.48. This shows a neutral-to-bullish trend, with growing momentum on the bulls’ side, but no signs of the market being overbought, meaning the price could keep rising if support holds.
Key levels to watch are $82,000–$83,000 for support, and $90,000–$92,000 for resistance before the key $100,000 mark. If Bitcoin drops below support, it could fall back to the $77,000 area. For now, the outlook is cautiously bullish, depending on whether Bitcoin can stay strong and aim for new highs.
BTC Bull Token Presale Closes On $5 Million – Best Crypto To Buy Now?
With Bitcoin climbing, investors are also buying BTC Bull Token (BTCBULL), a Bitcoin-themed project that has already raised over $4.8 million in its presale. A big part of its appeal is that it will give BTC to token holders.
BTCBULL is based on the bold idea that Bitcoin could one day hit $1 million or more. With deflationary tokenomics via token burning and rewards led by the community, the project offers special benefits that grow as Bitcoin’s price rises.
#BTCBULL doesn’t skip leg day. 🐂
Join the $BTCBULL herd presale today: https://t.co/7eJGZriFZb
For any further enquires send a message to our team @BTCBULL_TokenPR pic.twitter.com/2Lp5TcUkYR— BTCBULL Official Team (@BTCBULL_TokenPR) March 16, 2025
Holders will get free BTC airdrops when Bitcoin hits $150K, with more given at every $50K increase after that.
The first token burn will happen when Bitcoin reaches $125K, and more follow for every $25K increase after that. By reducing supply, these burns put upward pressure on the token’s price.
According to 99Bitcoins, a well-known crypto YouTube channel with over 725k subscribers, BTCBULL could soar by 100X after it launches.
Investors can stake their BTCBULL tokens and earn a huge annual return of 85%.
The token is currently priced at just $0.00247 and can be bought on the official website using crypto or a bank card.
The price will increase in less than 2 days, so buy soon for the best deal.
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