Bitcoin Reclaims $94K After Saylor’s Shopping Spree
Markets and Prices
Frederick Munawa
Bitcoin Reclaims $94K After Saylor’s Shopping Spree
Michael Saylor’s Strategy took advantage of a slight dip in the bitcoin price, adding more than $1.4 billion worth of the digital asset to its treasury.
Bitcoin Reclaims $94K After Saylor’s Shopping Spree
Bitcoin Climbs Back to $94K as Strategy Adds to Its Stash
After surging to a two-month high last week, bitcoin ( BTC) dipped to around $92K over the weekend, creating an opportunity for bitcoin treasury firm Strategy, which on Monday announced a purchase of 15,355 BTC for roughly $1.42 billion at an average price of $92,737 per bitcoin.
The digital asset has since rallied all the way to $95K, settling at about $93,966.19 at the time of this writing. Strategy now holds 553,555 BTC and continues to boast the largest bitcoin treasury in the world among publicly traded firms, eleven times more than the next biggest holder, mining firm Marathon Digital Holdings, which currently has 47,531 BTC in its treasury.
London-based bank Standard Chartered, now predicts bitcoin will surge to a new all-time high in the second quarter of 2025 and will more than double its current price by year-end.
“We expect a fresh all-time high in Q2,” the bank said. “Our end-2025 forecast of USD 200,000 will then be in sight.”
Overview of Market Metrics
Bitcoin is currently trading at $93,966.19, according to Coinmarketcap. The world’s leading cryptocurrency posted a modest 0.11% gain over the past 24 hours and a solid 7.12% increase over the last 7 days. During the latest trading session, bitcoin moved within a range of $92,860.81 to $95,598.49, keeping bullish sentiment intact despite some mid-session pullbacks.
Bitcoin Reclaims $94K After Saylor’s Shopping Spree
( BTC price / Trading View)
Trading volume saw a notable uptick, jumping 71.64% to $30.46 billion over the past 24 hours, a typical post-weekend surge. Bitcoin’s market capitalization edged slightly higher by 0.09% to $1.86 trillion, while BTC dominance climbed to 64.35%, up by 0.17% on the day. Despite the price and volume rise, futures activity remained relatively flat, with total BTC open interest slipping marginally by 0.12% to $63.525 billion.
Bitcoin Reclaims $94K After Saylor’s Shopping Spree
( BTC dominance / Trading View)
Liquidation data from Coinglass showed very low stress among traders, with just $2.11 million in total liquidations over 24 hours. Long traders absorbed the bulk of the losses at $1.7 million, compared to only $403,250 in short liquidations. The overall data signals a cautiously optimistic tone for bitcoin, with strong underlying support even as trading activity normalizes after the weekend.
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Bitcoin (BTC), Prices
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Markets and Prices
Jamie Redman
1 day ago
Bitcoin Price Watch: Traders Brace for a Wild Ride Between $93K and $95K
At 9:45 a.m. Eastern time, bitcoin is holding steady with a price of $93,810 on April 27, 2025, commanding a market capitalization of $1.86 trillion, with a 24-hour trade volume of $15.71 billion. Trading within an intraday range of $93,780 to $95,115, bitcoin’s price action on Sunday showcases a tightly contested battle between bulls and bears, setting the stage for its next major move.
Bitcoin Price Watch: Traders Brace for a Wild Ride Between $93K and $95K
Bitcoin
On the daily chart, bitcoin (BTC) exhibits a strong bullish trend after breaking free from a prolonged downtrend, finding significant support near the $74,434 level. Volume activity has increased notably since mid-April, indicating renewed buying interest as the price propelled upward. Immediate resistance looms at $95,857, a point that, if surpassed with strong volume, could catalyze an accelerated rally. Conversely, support zones near $88,000 to $90,000 present critical levels for bulls to defend.
Bitcoin Price Watch: Traders Brace for a Wild Ride Between $93K and $95K
BTC/USD 1D chart on April 27, 2025.
Shifting focus to the 4-hour chart, bitcoin is currently navigating a consolidation phase following its ascent to $95,857, marked by decreasing volume—a potential signal of waning momentum. A rounding top pattern is subtly emerging, which could suggest the start of a corrective move if support fails. Maintaining the $94,000–$94,200 area is key; a successful defense here could spark short-term bullish opportunities. Should the price dip below $93,500, however, it would indicate weakness likely leading to a retest of lower support around $92,000.
Bitcoin Price Watch: Traders Brace for a Wild Ride Between $93K and $95K
BTC/USD 4H chart on April 27, 2025.
The 1-hour chart reflects a neutral-to-bearish bias, with very low volume underscoring a lack of conviction among market participants. Bitcoin found short-term support at $93,685, but fresh long entries are discouraged unless the price closes decisively above $94,500 accompanied by meaningful volume. A breakdown below $93,500 could trigger accelerated selling pressure.
Bitcoin Price Watch: Traders Brace for a Wild Ride Between $93K and $95K
BTC/USD 1H chart on April 27, 2025.
Oscillators offer a mixed sentiment, with the relative strength index (RSI) at 66 and the Stochastic at 89, both suggesting neutrality. However, the commodity channel index (CCI) at 121 and momentum indicators at 8,895 signal bearish pressures developing. On the positive side, the moving average convergence divergence (MACD) level is at 2,794, issuing a positive signal, which aligns with the broader bullish narrative on higher timeframes. These conflicting signals warrant a cautious approach, balancing bullish bias with the reality of shorter-term vulnerabilities.
Moving averages (MAs) overwhelmingly favor the bulls, with all key averages flashing optimistic signals across the board. The exponential moving average (EMA) and simple moving average (SMA) across 10, 20, 30, 50, 100, and 200 periods all affirm positive momentum, reinforcing the broader bullish case. Notably, the exponential moving average (10) and simple moving average (10) sit at $91,334 and $90,669, respectively, comfortably below the current market price, indicating strong underlying support. This technical backdrop suggests that while bitcoin faces short-term volatility risks, the overarching trend remains solidly in favor of the bulls.
Bull Verdict:
Bitcoin remains in a strong uptrend on the daily chart, supported by consistent buy signals across all major moving averages and a bullish moving average convergence divergence (MACD) reading. If $93,000 support holds and momentum reignites, bitcoin could reclaim $95,857 and push toward new highs. Dip-buying strategies around $90,000–$92,000 remain favorable for bullish participants.
Bear Verdict:
Despite the broader bullish structure, weakening momentum on the 4-hour and 1-hour charts, combined with neutral oscillators, highlights near-term downside risks. A failure to defend $93,000 could open the door for a deeper pullback toward the $92,000 level or lower below the $90,000 zone. Caution is warranted, especially without confirmation of renewed volume strength.
Final Verdict:
Bitcoin’s medium- to long-term outlook remains bullish, but short-term traders should be prepared for volatility and possible retracements. While the trend favors higher prices, confirmation above $94,500 with strong volume is critical for fresh upside momentum. Until then, disciplined trading and risk management are essential
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