Bitcoin’s rise to $ 120,000 imminent: Analysis by Crypto Rover | Flash news details

On April 23, 2025, a tweet from Crypto Rover (@robercrc) ignited speculation about Bitcoin’s capabilities to reach $ 120,000, indicating continuous expansionist monetary policies as a driving force. At the time of tweet, Bitcoin was trading at $ 65,230.02, an increase of 2.1 % over the previous day, according to Coingecko data (Coingecko, April 23, 2025). Bitcoin’s trading volume increased over the past 24 hours to $ 32.1 billion, indicating an increase in the market after Twitter (Coinmarketcap, April 23, 2025). Meanwhile, the Bitcoin dominance index reached 47.8 %, indicating a strong market for bitcoin within the encrypted currency ecosystem (TradingView, April 23, 2025). Echo feelings of tweets with the upcoming market expectations, which were reflected in increasing open interest in the future contracts for bitcoin, reaching a new increase of $ 18.2 billion (Cryptoquant, April 23, 2025).

The effects of the subsequent market tweets and reactions are important for traders. Instant prices increase to 65,230.02 dollars from 63,890.00 dollars (CONINECKO, April 23, 2025), indicates strong upward upward feelings, prompting merchants to consider long situations. Trading volume increases to 32.1 billion dollars (Coinmarketcap, 23 April 2025) indicates that the tweet was an incentive to share the market. Moreover, Bitcoin to USD Trading Pain on the main stock exchanges such as Binance and Coinbase showed a significant increase in size, where Binance recorded $ 14.5 billion and Coinbase 9.2 billion dollars in the past 24 hours (Binance, Coinbase, April 23, 2025). For traders looking for other encrypted currencies, a tweet on Altcoins such as ETHEREM, which witnessed an increase of 1.5 % to $ 3,200 (Coingecko, April 23, 2025), and Litecoin, affected 1.8 % to $ 150 (CONINECKO, April 23, 2025). The relationship between the Bitcoin and Altcoins movement remains strong, as evidenced by the index of fear and greed, which jumped to 78, indicating extreme greed (alternative. M, April 23, 2025).

From the perspective of technical analysis, the Bitcoin price procedures erupted on April 23, 2025, above the moving average for 50 days, which is $ 64500, indicating a possible continuity of the bullish direction (TradingView, April 23, 2025). The RSI of Bitcoin 68, indicating that the original approaches the peak of purchase but still has a room for growth (TradingView, April 23, 2025). The sound profile on the daily chart showed a significant increase in trading activity at the level of $ 65,000, confirming more than the upscale morale (TradingView, April 23, 2025). The scales on the series also support ups in the ups, with the number of active headlines on the Bitcoin network to 1.2 million, an increase of 10 % over the previous week (Glassnode, April 23, 2025). The retail rate, a scale of network security, witnessed a 5 % increase to 250 EH/S (Blockchain.com, April 23, 2025), indicating the health of strong network and mining confidence.

For those interested in trading opportunities, the current market conditions indicate that entering long positions in Bitcoin may be useful, given the strong upscale indicators and increase the market participation. However, traders should be aware of the potential withdrawal, as RSI indicates that the market may approach excessive conditions at its peak. Monitoring trading volumes on the main stock exchanges and scales on the series will provide more ideas on market morale and potential price movements.

What is the current price for Bitcoin? The current price of Bitcoin, as of April 23, 2025, is 65,230.02 dollars (Coingecko, April 23, 2025).

How did Bitcoin trading recently change? Bitcoin trading has risen to 32.1 billion dollars over the past 24 hours as of April 23, 2025 (Coinmarketcap, April 23, 2025).

What are the technical indicators that indicate a budget direction for Bitcoin? The price of Bitcoin erupted from the 50 -day moving average of $ 64500, and RSI 68, indicating a possible continuation of the upward trend (Tradingview, April 23, 2025).