<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvYWZjOGVjMDgtNDc2OC00MTdhLWEzNzEtYTQ2NDQyMzQ0ZWE4.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvYWZjOGVjMDgtNDc2OC00MTdhLWEzNzEtYTQ2NDQyMzQ0ZWE4.jpg" alt="Why is Bitcoin price stuck?">Key takeaways:<ul><li>Bitcoin gained 10% over the past week, but overhead resistance continues to obstruct a rally to $100,000.</li></ul>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) displayed strength as the week opened on April 28, up 10% over the last seven days to trade at $95,500.Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and Bitstamp shows that BTC price has been suppressed under $100,000 since early February, as shown in the chart below.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967cb3-6504-7ff2-9b23-5f22198c2af0" title="" alt="Why is Bitcoin price stuck?"><figcaption style="text-align: center;">BTC/USD weekly chart. Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/LhV42aR9/" rel="null" target="null" text="null" title="null">TradingView</a></figcaption></figure><h2>Bitcoin lacks a $100K catalyst</h2>The BTC/USD pair rallied 30% from its $74,400 low reached on April 7 to trade above $95,000, a recovery fueled largely by easing US-China tariff tensions.Although the rally has been accompanied by <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-spot-bitcoin-etfs-consecutive-inflow-week-significant-inflows" rel="null" target="null" text="null" title="null">$3.06 billion in spot ETF inflows</a>, there are doubts whether that is enough to break Bitcoin out of consolidation.&nbsp;In its latest bulletin to Telegram channel subscribers, trading firm QCP Capital argued that Bitcoin&rsquo;s decoupling from equities last week strengthened its narrative as a &ldquo;hedge against political instability and uncertain monetary policy.&rdquo;&nbsp;This helped BTC to comfortably breach the $90,000, QCP Capital explained, adding that it would have also helped propel it higher.However, BTC pivoted midweek, decoupling from gold and <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-holders-back-in-profit-as-new-capital-enters-the-market-is-100k-btc-price-next" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-holders-back-in-profit-as-new-capital-enters-the-market-is-100k-btc-price-next">rallying alongside US equities</a>, mainly responding to macroeconomic factors.<blockquote>&ldquo;This flip-flopping between safe-haven and risk-asset behaviour suggests that traditional correlation frameworks are becoming less instructive. Instead, market participants are now focused on the durability of BTC&rsquo;s &ldquo;up only&rdquo; trend.&rdquo;</blockquote>On April 25, the trading firm said that BTC price could continue its choppy price for a few more days, arguing that it lacked a &ldquo;catalyst&rdquo; to propel it toward $100,000.The investment firm said:<blockquote>&ldquo;With macro risks temporarily subdued and trade tensions cooling, BTC is likely to consolidate in a narrow $90K&ndash;$94.5K range while awaiting a catalyst for a decisive push toward the elusive $100K mark.&rdquo;</blockquote>Meanwhile, crypto analyst Tazman <a data-ct-non-breakable="null" href="https://x.com/tazmancrypto/status/1915717438819230159" rel="null" target="null" text="null" title="null">noted</a> that a lack of &ldquo;sustained demand and fresh capital&rdquo; stands in the way of Bitcoin&rsquo;s path to $100,000.&nbsp;Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-100k-price-hopes-sam-bankman-fried-prison-move-hodlers-digest/" rel="null" target="null" text="null" title="null">Bitcoin $100K hopes on ice, SBF&rsquo;s mysterious prison move: Hodler&rsquo;s Digest, April 20 &ndash; 26</a><h2> BTC buyers and sellers in a tug of war</h2>Bitcoin holds above its yearly open at $93,340, which now serves as daily support. <figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967cb3-69a7-743a-853f-5af44f6e1211" title="" alt="Why is Bitcoin price stuck?"><figcaption style="text-align: center;">BTC/USD weekly chart. Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/LhV42aR9/" rel="null" target="null" text="null" title="https://www.tradingview.com/x/LhV42aR9/">TradingView</a></figcaption></figure>In an April 24 post on X, popular trader Mags underscored the importance of the current price range, saying that if it holds, it could target $106,000 next.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01967cb3-74db-74f8-90e3-6902fcc2653a" title="" alt="Why is Bitcoin price stuck?"><figcaption style="text-align: center;">Source: <a data-ct-non-breakable="null" href="https://x.com/thescalpingpro/status/1915307220838785285" rel="null" target="null" text="null" title="null">Mags</a></figcaption></figure>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template>

Key takeaways:

Bitcoin gained 10% over the past week, but overhead resistance continues to obstruct a rally to $100,000.

Bitcoin (BTC) displayed strength as the week opened on April 28, up 10% over the last seven days to trade at $95,500.
Data from Cointelegraph Markets Pro and Bitstamp shows that BTC price has been suppressed under $100,000 since early February, as shown in the chart below.
BTC/USD weekly chart. Cointelegraph/TradingView
Bitcoin lacks a $100K catalyst
The BTC/USD pair rallied 30% from its $74,400 low reached on April 7 to trade above $95,000, a recovery fueled largely by easing US-China tariff tensions.
Although the rally has been accompanied by $3.06 billion in spot ETF inflows, there are doubts whether that is enough to break Bitcoin out of consolidation. 
In its latest bulletin to Telegram channel subscribers, trading firm QCP Capital argued that Bitcoin’s decoupling from equities last week strengthened its narrative as a “hedge against political instability and uncertain monetary policy.” 
This helped BTC to comfortably breach the $90,000, QCP Capital explained, adding that it would have also helped propel it higher.
However, BTC pivoted midweek, decoupling from gold and rallying alongside US equities, mainly responding to macroeconomic factors.
“This flip-flopping between safe-haven and risk-asset behaviour suggests that traditional correlation frameworks are becoming less instructive. Instead, market participants are now focused on the durability of BTC’s “up only” trend.”
On April 25, the trading firm said that BTC price could continue its choppy price for a few more days, arguing that it lacked a “catalyst” to propel it toward $100,000.
The investment firm said:
“With macro risks temporarily subdued and trade tensions cooling, BTC is likely to consolidate in a narrow $90K–$94.5K range while awaiting a catalyst for a decisive push toward the elusive $100K mark.”
Meanwhile, crypto analyst Tazman noted that a lack of “sustained demand and fresh capital” stands in the way of Bitcoin’s path to $100,000. 
Related: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26

BTC buyers and sellers in a tug of war
Bitcoin holds above its yearly open at $93,340, which now serves as daily support. 
BTC/USD weekly chart. Cointelegraph/TradingView
In an April 24 post on X, popular trader Mags underscored the importance of the current price range, saying that if it holds, it could target $106,000 next.
Source: Mags
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin's price has risen 10% in the past week, reaching $95,500, but strong resistance has prevented it from breaking the $100,000 barrier since February. Despite the recent rally, the cryptocurrency lacks a clear catalyst to push it past this key psychological level.  

Why is Bitcoin price stuck?

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BRICS is surging ahead with unstoppable momentum, rapidly abandoning the U.S. dollar, building resilient payment systems, and forging a historic new economic frontier beyond Western control. Lavrov Confirms BRICS Ditching US Dollar Fast Russian Foreign Minister Sergey Lavrov has highlighted the growing use of national currencies among BRICS members in place of the U.S. dollar […]

BRICS nations are accelerating efforts to reduce reliance on the U.S. dollar by increasing the use of national currencies and developing independent payment systems, as confirmed by Russian Foreign Minister Sergey Lavrov. This shift aims to create a new economic landscape outside Western influence.  

Dedollarization Accelerates: Russian Official Details BRICS Currency Shift

The exchange stablecoins ratio (ESR) and stablecoin supply ratio (SSR) provide important insight into Bitcoin&#8217;s liquidity and potential buying power. ESR measures the proportion of stablecoins relative to Bitcoin exchange reserves, serving as a gauge of spot liquidity. A low ESR reflects limited immediate buying power, while a high ESR points to abundant capital waiting [&#8230;]
The post <a href="https://cryptoslate.com/bitcoins-price-spike-supported-by-etf-demand-as-stablecoin-buying-power-remains-low/">Bitcoin&#8217;s price spike supported by ETF demand as stablecoin buying power remains low</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

The exchange stablecoins ratio (ESR) and stablecoin supply ratio (SSR) provide important insight into Bitcoin’s liquidity and potential buying power. ESR measures the proportion of stablecoins relative to Bitcoin exchange reserves, serving as a gauge of spot liquidity. A low ESR reflects limited immediate buying power, while a high ESR points to abundant capital waiting […]
The post Bitcoin’s price spike supported by ETF demand as stablecoin buying power remains low appeared first on CryptoSlate.

Bitcoin's recent price surge is being driven by strong demand for ETFs, despite low stablecoin buying power, as indicated by key liquidity metrics like the exchange stablecoins ratio (ESR) and stablecoin supply ratio (SSR). These ratios suggest limited immediate capital availability for Bitcoin purchases, contrasting with the bullish ETF inflows.  

Bitcoin’s price spike supported by ETF demand as stablecoin buying power remains low

Cardano (ADA) is hovering at $0.71, but the weekly structure that veteran chartist Maelius (@MaeliusCrypto) published on X suggests that the lull may be only a pause before the next leg higher. The analyst’s chart compresses seven years of ADA/USD history into one pane and shows that – despite a 45 % retracement from the late-2024 peak – the coin has not violated the rising dashed trend-line that has connected every cycle low since the 2020 Covid panic. Cardano Price Ready For Liftoff? In fact, the most recent dip stopped inside a long-standing demand band that now stretches from roughly $0.57 to $0.78 and immediately printed a textbook higher low (HL) while never closing a week beneath that dynamic support. Price action is again trading above the 50-week exponential moving average, currently near $0.66, after reclaiming it with two decisive green candles. Back in March 2024 the same moving average acted as a springboard for a vertical breakout that carried ADA to a higher high (HH) just shy of $1.31 – the top of the dotted, upward-sloping channel that has contained every impulsive rally since 2020. Because the upper channel boundary now lies close to $1.50, Maelius argues that a clean break of the demand zone could unleash enough momentum to retest that ceiling. Related Reading: Cardano Price Set For 300% Explosion With Major Bullish Impulse Momentum gauges back the thesis but have not yet flashed full confirmation. The weekly relative-strength index sits at 49 and has been squeezing into a falling wedge since the March high; it is carving a sequence of higher lows that mirrors price, yet the down-sloping resistance line – drawn from the HH reading near 82 – still caps any advance. The Wave-Trend Oscillator tells a similar story: it produced a glaring bearish divergence at the 2024 top, bled into oversold territory around −50, and is only now curling upward, with the fast and slow curves on the verge of a bullish cross. “ADA looks dope, or is just me?! Would like to see RSI breakout w/ decisive move on WTO to get super-confident, but price will be higher when (and if) we get it,” Maelius wrote when he released the chart. In other words, momentum confirmation may lag behind price, as it did in previous cycle accelerations during 2020 and 2023. Related Reading: Cardano Sets Voting Record: Nearly 100% Of 4.6 Billion ADA Cast Via Delegates From a pure market-structure perspective, ADA remains in an unbroken sequence of higher highs and higher lows on the weekly chart, the prevailing down-trend line from the 2021 record high was breached more than a year ago, and the recent correction resembles nothing more sinister than a throw-back to new support. As long as weekly candles respect the lower edge of the grey demand block (~$0.57) and the multi-year rising trend-line, the path of least resistance points north – with the next confluence of resistance stacked near $0.81 (the March-2024 swing high) as well as the December 2024 high at $1.31 and the upper channel wall around $1.50. Should the RSI pierce the 60 level and the Wave-Trend Oscillator confirm with a bullish cross, Maelius contends that the market will already be trading at materially higher prices, validating his conviction that a fresh surge is only a matter of time. At press time, ADA traded at $0.709. Featured image created with DALL.E, chart from TradingView.com

A crypto analyst predicts a significant upward movement for Cardano (ADA), noting that despite a recent 45% retracement from its late-2024 peak, the coin remains above a long-term rising trendline that has held since 2020. The analyst suggests the current price lull may precede a major rally.  

Cardano ‘Looks Dope,’ Analyst Predicts Big Move Soon

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Nasdaq is charging into the future with a groundbreaking proposal to list the 21Shares Dogecoin ETF, unlocking unprecedented access to DOGE through mainstream brokerage channels. Nasdaq Seeks SEC Approval to Launch 21Shares Dogecoin ETF Nasdaq filed a proposal on April 28 to list and trade shares of the 21Shares Dogecoin exchange-traded fund (ETF) with the […]

Nasdaq has submitted a proposal to the SEC seeking approval to list the 21Shares Dogecoin ETF, which would provide mainstream investors with regulated access to Dogecoin (DOGE) through traditional brokerage channels.  

Nasdaq Seeks SEC Approval to List Dogecoin ETF Backed by 21Shares

Bitcoin is currently trading around the $95,000 mark, with bulls struggling to reclaim higher prices after last week’s surge. BTC has been consolidating just below the critical $96K resistance level, and the next few trading sessions are likely to determine whether a decisive breakout or a breakdown will follow. Related Reading: Bitcoin Short-Term Balances Surge [&#8230;]

Bitcoin is currently trading around the $95,000 mark, with bulls struggling to reclaim higher prices after last week’s surge. BTC has been consolidating just below the critical $96K resistance level, and the next few trading sessions are likely to determine whether a decisive breakout or a breakdown will follow. Related Reading: Bitcoin Short-Term Balances Surge […]

Bitcoin's active addresses have surged past 800,000, signaling heightened network activity and potential renewed demand. Despite trading near $95,000, BTC faces resistance at $96K, with the market awaiting a decisive breakout or pullback in the coming sessions.  

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