Cryptocurrencies can boost bitcoin price to $ 106,000

Bitcoin BTC $96,992.93 Bitcoin 3.19% Market capitalization $1.93 trillion VOL. 24 hours $1.94 billion is once again in the spotlight of crypto market players after investment flows into cryptocurrency-related exchange-traded funds (ETFs) reached $ 3.02 billion in April 2025. This signaled growing institutional interest and restored confidence after two months of capital outflows. Nevertheless, the price of BTC is currently below the $ 95,000 level, demonstrating uncertainty in the market.

The total assets under management of bitcoin ETFs have exceeded $ 110 billion, which also indicates a stable interest of investors. However, analysts note the discrepancy between the active capital inflow and the relatively flat price dynamics. This may indicate both an oversupply and a cautious position of market players.

The so-called «whales» — large bitcoin holders — have begun to show signs of caution. Their activity indicates a decrease in long positions or even the opening of short positions, which confirms the first signals of a bearish divergence. If this trend continues, the market may face a short-term correction.

Technical analysis indicators also point to a slowdown in growth. The Relative Strength Index (RSI) is at 66.83, close to the overbought zone, but without clear signals of a reversal. The On-Balance Sheet Volume (OBV) indicator remained stable, which may indicate a decrease in pressure from buyers.

The $ 93,000 level remains important for the bulls to maintain their advantage. If the price breaks through the resistance in the 95−96 thousand zone with sufficient volume, the market may resume moving towards the psychological level of $ 100,000 and a potential breakout to $ 106,000. Otherwise, a short-term decline is possible.