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

By: crypto news|2025/05/05 00:30:02
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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 $95,444Targets: $96,782 → $97,329Stop Loss: Below $94,870Institutional Ownership Hits 9%, Supporting Bitcoin PriceWhat’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.9% of the total #BTC supply is now held by #Bitcoin ETFs and public companies. Let that sink in. pic.twitter.com/bGd0Fmpdij— Crypto Decode (@TheCryptoDecode) May 4, 2025These 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 inflowsETF accessibility reduces sell-side pressureLong-term holdings tighten supply, stabilizing pricesThis 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.Binance to launch crypto payments in Kyrgyzstan with new partnership https://t.co/G6iPDG5iA4 https://t.co/Yvy8YQ63FS https://t.co/kU4g3w6B54 pic.twitter.com/Y3oUlTd125— Crypto Xplosive (@CryptoXplosive) May 4, 2025Simultaneously, 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 educationPakistan exploring digital regulation with Binance’s inputBoosts Bitcoin’s real-world relevance and transaction volumeBTC Bull Token Crosses $5.28M as Flexible 78% Staking Yield Draws InvestorsBTC Bull Token ($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 DemandUnlike 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 $6,070,369Current Price: $0.002495 per BTCBULLStaking Pool Total: 1,342,549,903 BTCBULLEstimated Yield: 78% annuallyWith 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.The post Bitcoin Price at $95,832: Are Bulls Back After Some Signs of Renewed Strength? appeared first on Cryptonews.

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