{"id":51423,"date":"2025-04-28T04:01:04","date_gmt":"2025-04-28T04:01:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-news-today-bitcoin-bulls-eye-100k-breakout-sui-avax-charts-show-potential\/"},"modified":"2025-04-28T04:01:04","modified_gmt":"2025-04-28T04:01:04","slug":"crypto-news-today-bitcoin-bulls-eye-100k-breakout-sui-avax-charts-show-potential","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-news-today-bitcoin-bulls-eye-100k-breakout-sui-avax-charts-show-potential\/","title":{"rendered":"Crypto news today: Bitcoin bulls eye $100K breakout; SUI, AVAX charts show potential"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-9-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-9-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-9-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/image-9-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin gained over 10% this week, testing key resistance near $95,000 amid strong buying.<\/li>\n<li>US Spot Bitcoin ETFs saw massive $3.06 billion weekly inflows, signaling renewed institutional interest.<\/li>\n<li>Avalanche (AVAX) consolidates near $23.50 resistance; a breakout could target $31.73 (double-bottom).<\/li>\n<\/ul>\n<p>Bitcoin demonstrated renewed strength this week, posting gains of over 10% as determined buyers pushed the price back towards the significant overhead resistance level near $95,000.<\/p>\n<p>While consolidating below this key hurdle, the fact that buyers haven\u2019t ceded significant ground suggests underlying bullish conviction, further supported by robust institutional inflows and optimistic analyst projections.<\/p>\n<h2>ETF inflows signal renewed institutional appetite<\/h2>\n<p>The sharp upward move in Bitcoin\u2019s price has been significantly bolstered by resurgent buying activity in the US spot Bitcoin exchange-traded funds (ETFs).<\/p>\n<p>Data from Farside Investors revealed impressive weekly inflows totaling $3.06 billion into these funds.<\/p>\n<p>Commenting on this influx, Bloomberg ETF analyst Eric Balchunas highlighted on X (formerly Twitter) how notable it was to witness \u201cHOW FAST the flows can go from 1st gear to 5th gear,\u201d indicating a rapid acceleration in institutional demand.<\/p>\n<p>This renewed buying coincides with bullish technical and quantitative signals. 21st Capital co-founder Sina noted on X that Bitcoin had reclaimed its \u201cpower-law price,\u201d a model suggesting considerable long-term upside.<\/p>\n<p>Sina\u2019s Bitcoin Quantile Model projects potential targets between $130,000 and $163,000 before the end of 2025.<\/p>\n<p>Other anonymous analysts, like apsk32, hold even more ambitious short-term targets, predicting a move above $200,000 in the fourth quarter of this year.<\/p>\n<h2>Bitcoin (BTC) price analysis: bulls target $100K<\/h2>\n<p>The price chart reveals a tense battle unfolding near the critical $95,000 resistance.<\/p>\n<p>Technical indicators currently favor the bulls: the 20-day exponential moving average (EMA), sitting around $88,619, is sloping upwards, and the relative strength index (RSI) is positioned near overbought territory, signaling strong buying momentum.<\/p>\n<p>A decisive close above the $95,000 mark could act as a powerful catalyst, potentially propelling the BTC\/USDT pair towards $100,000 and subsequently to the $107,000 region.<\/p>\n<p>However, sellers are expected to mount a strong defense in the zone between $107,000 and $109,588.<\/p>\n<p>Conversely, the 20-day EMA serves as crucial near-term support.<\/p>\n<p>A break below this level could invalidate the immediate bullish momentum and potentially pull the price back into the broader range between $73,777 and $95,000.<\/p>\n<p>Looking at the 4-hour chart, bears are actively defending the $95,000 level but have struggled to push the price decisively below the shorter-term 20-EMA.<\/p>\n<p>A rebound off this moving average would strengthen the case for an eventual breakout above $95,000, targeting $100,000.<\/p>\n<p>However, failure to hold the 4-hour 20-EMA could lead to a deeper pullback towards the 50-simple moving average (SMA), a key level bulls must defend to prevent a slide towards $86,000.<\/p>\n<h2>Sui (SUI) price analysis: testing resistance, eyeing upside<\/h2>\n<p>Sui (SUI) has encountered resistance near the $3.90 level.<\/p>\n<p>However, the pullback from this high has been relatively shallow, indicating that bulls are holding their positions rather than rushing to take profits.<\/p>\n<p>If the price remains above the 38.2% Fibonacci retracement level at $3.14, buyers are likely to make another attempt to push the SUI\/USDT pair above $3.90.<\/p>\n<p>A successful breakout could see the price surge towards $4.25 and potentially $5.00.<\/p>\n<p>On the downside, a break below $3.14 would signal the start of a more significant correction, potentially targeting the 50% retracement level at $2.94.<\/p>\n<p>Buyers are expected to defend the zone between $2.94 and the 20-day EMA (currently around $2.69).<\/p>\n<p>The 4-hour chart shows support near the 20-EMA, but sellers remain active at higher levels.<\/p>\n<p>A break below the 4-hour 20-EMA could trigger a drop to $3.14, while a push above the<br \/>3.81\u22123.90 resistance is needed to confirm the next leg up towards $4.25.<\/p>\n<h2>Avalanche (AVAX) price analysis: range consolidation, breakout potential<\/h2>\n<p>Avalanche (AVAX) has been consolidating within a range defined by support at $15.27 and resistance near $23.50.<\/p>\n<p>Trading within such ranges often involves buying near support and selling near resistance.<\/p>\n<p>While buyers haven\u2019t yet managed to decisively break above $23.50, the fact they haven\u2019t given up much ground suggests accumulation might be occurring.<\/p>\n<p>A breakout above $23.50 would complete a potential double-bottom pattern, a bullish formation with a calculated target objective near $31.73.<\/p>\n<p>However, this optimistic scenario would be invalidated if the price turns down and breaks below the moving averages, suggesting the range-bound action might persist.<\/p>\n<p>On the 4-hour chart, AVAX has been consolidating tightly between $21.60 and $23.10. This narrow range indicates bulls are holding firm, anticipating further upside.<\/p>\n<p>A break above $23.10 could trigger a move towards $25, likely overcoming the resistance at $23.50.<\/p>\n<p>Conversely, a drop below $21.60 would signal weakening bullish resolve, potentially pulling the price down towards $19.50.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-news-today-bitcoin-bulls-eye-100k-breakout-sui-avax-charts-show-potential\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin gained over 10% this week, testing key resistance near $95,000 amid strong buying. US Spot Bitcoin ETFs saw massive $3.06 billion weekly inflows, signaling renewed institutional interest. Avalanche (AVAX) consolidates near $23.50 resistance; a breakout could target $31.73 (double-bottom). Bitcoin [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":51424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51423"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51423"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51424"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}