Bitcoin spot ETFs have garnered a whopping $936 million in inflows on April 22, 2025. This marks a significant rise in investor interest as Bitcoin rallies above $90,000. The influx has seen a 146% increase from the previous day. It also marks the most significant 24-H inflow since January. This points to renewed confidence in Bitcoin as a hedge against inflation and economic uncertainty. The ARK 21Shares Bitcoin ETF (ARKB) led with $267.1 million, followed closely by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $253.8 million in net inflows. With that in mind, let’s see how the ETF inflows impact BTC prices with a detailed Bitcoin price analysis. Let’s try to analyze any historical patterns and explore the possible outcomes in the coming days.
Bitcoin Price Analysis of the Last 24 Hours
Trading commenced yesterday as Bitcoin stood at $87,486. It seemed like Bitcoin was stabilizing after the uptrend from the previous day. However, it soon dipped to $87,230. This dip was followed by a golden cross on the MACD, helping the Bitcoin price spike up to $88,590. With the RSI indicating an overbought situation, the price declined briefly at 2:20 UTC to consolidate around the $88,000 mark.
Chart 1: published on TradingView, April 23, 2025
A trading range formed, with strong support at $87,900. The trading range continued till morning. At 6:40, a slight uptrend formed, as Bitcoin slowly, but steadily scaled the charts, mustering an upward breakout of the trading range. This uptrend led Bitcoin to $88,800 by noon. At 12:45 UTC, a momentous golden cross formed on the MACD and Bitcoin climbed the charts confidently. By 15:00 UTC, the Bitcoin price stood at $91,400, having reclaimed the coveted $90K level.
However, the RSI of 86 suggested an impending reversal. The reversal did arrive, as Bitcoin slumped to $90,450. Another consolidatory phase followed as Bitcoin actively resisted further downturns. By 21:00 UTC, the price stood at $91,100. At 21:35, a massive golden cross led the BTC price to spike upward. This spike led the price to $93,430. With a slight correction, Bitcoin continued upward, testing the $93,600 resistance by midnight.
Bitcoin Price Movements Today: April 23, 2025
Bitcoin continued to stabilize around the $93,600 mark early today. However, the midnight death cross led to a downtrend forming. This downturn took the BTC price to $92,600 by 3:00 UTC. However, Bitcoin staged a reversal at this point. In the coming 3 hours, Bitcoin climbed to $93,640. A slight death cross did form, and Bitcoin stabilized at this price point. However, the bullish trend soon continued, and Bitcoin tested the $93,800 resistance. The initial advance was rejected, but Bitcoin soon faced a correction and rubberbanded back to break the resistance by 8:30 UTC. The uptrend finally plateaued around the $94,400 mark. As of the latest update, Bitcoin had faced a downturn and traded at $93,500.
BTC Price Prediction: Can the Bitcoin Bull Run Take it to $100K?
The massive amounts of interest that Bitcoin has generated in Q1 are paying dividends as Bitcoin price scales the charts. Also, it is worth noting that with countries devaluing their currencies to stabilize the market, the stage is set for further growth for Bitcoin, long considered a hedge against inflation. Given that, Bitcoin looks set to continue the positive run today. Despite the latest update, the RSI stands in the oversold region. This means that a reversal will soon be seen, and Bitcoin will continue to ascend.
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