Bitcoin (BTC) holding steady with a price of $93,810 on April 27, 2025

At 9:45 a.m. Eastern time, bitcoin is holding steady with a price of $93,800, commanding a market capitalization of $1.86 trillion.

At 9:45 a.m. Eastern time, bitcoin is trading at a price of $93,810, boasting a market capitalization of $1.86 trillion and a 24-hour trade volume of $15.71 billion. The cryptocurrency is currently trading within an intraday range of $93,780 to $95,115.

Bitcoin Price Today: A Tight Battle Rattles Bitcoin in Its Next Major Move

Get ready for some serious coin action as we delve into the latest Bitcoin price predictions and analysis from renowned technical expert, Ben Armstrong, host of the wildly popular crypto YouTube channel, "BastIcanals."

As Bitcoin (BTC) continues its impressive run, finding substantial support around the $74,434 level and breaking free from a prolonged downtrend, the crypto behemoth is setting the stage for its next major move.

On the daily chart, Bitcoin exhibits a strong bullish trend, 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.

Bitcoin price chart by Ben Armstrong

"We're in a good spot for bulls. We can set up some decent dip-buying strategies around the $90,000 to $92,000 level, which are critical areas for buyers to defend," adds Armstrong.

However, 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. But we'll need to see confirmation of renewed volume strength for that to happen."

Bitcoin faces short-term volatility risks, but the overarching trend remains solidly in favor of the bulls, as evidenced by the technical backdrop.

Lower timeframes suggest a neutral-to-bearish bias, with very low volume on the 1-hour chart highlighting 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 with meaningful volume. A breakdown below $93,500 could trigger accelerated selling pressure.

"Oscillators are also mixed, with the RSI at 66 and Stochastic at 89 both suggesting neutrality. However, the CCI at 121 and momentum indicators at 8,895 signal bearish pressures developing. On the positive side, the 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 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.

News data source: kdj.com

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