Bitcoin price information today 4/30/2025

Support from institutional and corporate demand continues to reinforce the uptrend, with inflows into US-based spot Bitcoin ETFs reaching $591.29 million on Monday alone, extending the upward trend since April 17.

Additionally, MicroStrategy announced that it had purchased an additional 15,355 BTC for a total of $1.42 billion, averaging around $92,737 per Bitcoin. The company now holds a total of 553,555 BTC, indicating the company’s strong belief in the future of Bitcoin.

As large companies actively accumulate more Bitcoin in their reserves, increased demand coupled with limited supply could drive Bitcoin prices to rise steadily in the long term.

Another positive sign comes from the state of Arizona, as it passed the Bitcoin Reserve Bill SB1025, which allows the state treasurer and pension system to invest up to 10% of funds in digital assets, specifically Bitcoin.

If signed into law by the governor, Arizona would become the first state in the US to officially hold Bitcoin as a reserve asset, paving the way for other states like New Hampshire and Texas to follow suit.

Bitcoin Price Forecast Today 4/30/2025

Technically, Bitcoin broke above the 200-day EMA at $85,000 last week, up 11.14% over the weekend. However, BTC has yet to close above the March high of $95,000.

If Bitcoin successfully closes above $95,000 in the next few days, the price could continue to expand and move towards challenging the $97,000 resistance zone, even aiming for $100,000.

The RSI indicator is currently at 67, indicating that the rally is slowing down after reaching overbought levels. However, with institutional demand becoming stronger, this period may just be a temporary consolidation before Bitcoin continues its upward trend.

If it fails to hold above $95,000, Bitcoin could fall back to test psychological support around $90,000.