Bitcoin price holds above $91.6K as sentiment index drops from 72 to 60
The current consolidation range between $91,600 and $94,800
Bitcoin price has struggled to gain traction above $94,800 this week, despite reclaiming the $90,000 handle in a strong start to the week.
After printing a 5-month low in April near $75,000, the broader trend has remained bullish. However, the current consolidation range between $91,600 and $94,800 has persisted since midweek, reflecting a temporary loss of momentum.
During Friday’s Asian session, Bitcoin briefly touched $94,500 before reversing 1.7% to an intraday low of $92,925. This minor correction comes after Thursday's price action formed a bullish pin bar on the hourly chart, finding support near $91,600, a level that coincides with the 1-hour moving average. Price bounced from this same average again on Friday, suggesting that short-term buyers are still active near these support levels.
BTC price dynamics (April 2025). Source: TradingView
However, the Crypto Fear & Greed Index reveals that sentiment appears to be cooling. It fell from 72 on April 23 to 60 by April 25, despite Bitcoin maintaining its position above $90,000. This suggests traders are becoming more hesitant to push prices higher, especially after the sharp rally off April’s lows.
Bitcoin stalls below $94.8K high, $100K breakout depends on fresh catalyst
Technically, the inability to break above this week’s high of $94,800 points to resistance from profit-taking or fading buying interest. Yet, as long as the price stays above $91,600, the short-term structure leans positive. A decisive push above $94,800 would shift the focus toward the $100,000 psychological level, a round-number target that could attract breakout buyers.
On the downside, a clean break below $91,600 would challenge this narrative. If sellers drive price beneath this key floor, the next major support sits around $88,900, a level that may trigger a larger retracement or even shake the broader bullish structure built since the $75,000 bottom.
In summary, Bitcoin’s current range reflects a temporary standstill in momentum. Technical support remains intact, but fading sentiment hints that bulls may need fresh catalysts, either fundamental or on-chain to reclaim the initiative and extend the trend toward six figures.
Bitcoin surged after Trump signalled lower China tariffs, lifting market sentiment. The rally broke above $91K, triggering a golden cross near $86.2K.
