Bitcoin (BTC) Surges to $95,000, Changpeng Zhao’s ‘Buy-the-Dip’ Signal Shocks the Market!

Jakarta, Pintu News – Bitcoin (BTC) managed to break the $95,000 mark in early trading, signaling strong bullish dominance in the market. After consolidating around $93,000 over the weekend, the Bitcoin (BTC) market momentum turned positive on Sunday.

Check out the full news below!

The Impact of New Policies and the Strengthening of Bitcoin (BTC)

Recent news of US President Donald Trump’s plan to reduce tariffs on imports from China has fueled gains in equity and commodity markets, which has also had a positive impact on Bitcoin (BTC).

Within a week, Bitcoin (BTC) price increased by 10.6%, outpacing the S&P 500 Nasdaq Composite index and gold futures. Currently, Bitcoin (BTC)’s monthly gains stand at 11.8%, with returns since the start of the year a strong 48.4%.

Also read: Dragonchain price flies 115%, SEC lawsuit ends, optimism flares?

Changpeng Zhao and the ‘Buy-The-Dip’ Strategy

Changpeng Zhao, co-founder of Binance, gave positive signals through a post on X (formerly Twitter), indicating further upside potential. Although brief, Zhao’s comments had a profound influence on the crypto community.

As the founder of the world’s largest crypto exchange by trading volume, Zhao’s market views often influence both retail and institutional sentiment.

Also read: World’s First Ripple ETF Launched in Brazil, What’s the Future?

Bitcoin (BTC) Price Projection Today

Today’s Bitcoin (BTC) price projection indicates bullish tendencies following a strong close above $94,300, which aligns with the upper band of the Keltner Channel at $94,319.51. The current Keltner Channel expansion indicates increasing momentum, which could be a precursor to a sustained rally towards the $102,500 target.

The Parabolic SAR indicator shows $87,224.78, which is lower than the current price, corroborating the existing bullish trend. Although the TM Relative Strength Index (RSI) is at 66.31, it has not yet reached the overbought zone at 70, indicating there is still room for upside.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Bitcoin Price Today: BTC Moves Above $95k as Changpeng Zhao Sends Buy The Dip Signal. Accessed on April 29, 2025
• Featured Image: Generated by Ai