Last Updated on April 29, 2025
Quick Summary:
- Bitcoin RSI remains stable above 50, signaling bullish momentum building.
- BTC price consolidates near $94,000, tightening just below key resistance.
- Traders are watching the $96K level, seen as a gateway to new 2025 highs.
- On-chain metrics flash accumulation as long-term holders resume buying.
- PlutoChain ($PLUTO) continues to grow as BTC-native DeFi interest rises.
Bitcoin RSI Stays Strong as BTC Eyes $96K Breakout
Bitcoin is showing signs of resilience. As of April 29, 2025, the Relative Strength Index (RSI) for BTC remains above the 50 level, suggesting a healthy continuation of bullish momentum despite the ongoing price consolidation just under $94,000.
Market participants have been carefully watching the 50 RSI threshold, widely regarded as the technical dividing line between bullish and bearish momentum. Bitcoin has maintained this support throughout the last 10 days, even amid broader market jitters.
At the time of writing, Bitcoin is trading around $93,880, flat on the day, with tight price action and low volatility — a pattern often observed just before significant moves.
“This is classic coil behavior — RSI is staying strong, price is compressing. We’re either going to see a clean $96K breakout or a fakeout that sets up the move higher,” said Anthony Gruenwald, a senior analyst at ChainWave Metrics.
Traders Zero In on the $96K Level
All eyes are now on $96,000, a key horizontal resistance and psychological level that has acted as a ceiling since mid-April. According to data from Coinalyze, Bitcoin needs to convincingly break above $96K to open the door to $100,000 price targets.
Key levels to watch:
- Support: $92,200 short-term, $89,500 macro
- Resistance: $96,000 immediate, $100,000 psychological
- RSI: 53.8 (4-hour), 56.4 (daily) — both trending upward
Volume remains subdued, but funding rates and open interest are gradually rising, signaling leveraged traders are positioning for a breakout. Sentiment on Twitter and TradingView remains cautiously bullish, with most retail traders expecting upside continuation.
On-Chain Metrics Hint at Accumulation
On-chain activity continues to favor the bulls. According to Glassnode:
- Exchange outflows have hit a 3-month high.
- Long-term holder supply has increased by over 24,000 BTC in the past week.
- Active address count remains above 900,000 daily — a sign of healthy network demand.
This accumulation trend mirrors the mid-2020 setup before Bitcoin’s breakout above $20,000. Analysts believe institutional accumulation is quietly underway.
“Smart money is rotating in,” said blockchain data analyst Kara Chen. “The price is boring, but wallets that haven’t moved in over a year are stacking.”
DeFi on Bitcoin? That’s Where PlutoChain Comes In
While Bitcoin’s price coils and RSI signals growing strength, the real action is happening beneath the surface — in the infrastructure building around Bitcoin itself.
That’s where PlutoChain ($PLUTO) enters the picture.
PlutoChain is a Bitcoin-native Layer-2 protocol that brings smart contracts, DeFi, and NFTs directly to the world’s largest crypto network — without compromising on speed, scalability, or decentralization.
And while projects like Solana and Ethereum dominate mainstream DeFi chatter, PlutoChain is quietly gaining steam.
But Wait — PlutoChain ($PLUTO) Is Already Trading and Delivering
Unlike many speculative platforms still under development, PlutoChain ($PLUTO) is already live, already trading, and actively expanding the Bitcoin DeFi frontier.
Here’s why it’s standing out:
- Now trading live on Uniswap, with growing liquidity and volume
- 32% price rebound in just 6 hours after initial post-launch dip
- 120% surge on listing day, showing high early demand
- Over 113,000 testnet transactions — robust developer activity and engagement
- Built using the OP Stack and Celestia, ensuring speed, modularity, and decentralization
- EVM compatible and optimized for 2-second block finality
PlutoChain offers real-time access to Bitcoin-native DeFi — not speculative promises. It’s the Layer-2 solution Bitcoin believers have been waiting for, with actual usage metrics and Uniswap availability to back it up.
For traders bullish on Bitcoin and seeking a Layer-2 with working infrastructure, PlutoChain is a serious contender — and it’s gaining traction fast.
Final Thoughts
With the Bitcoin RSI holding strong above 50, consolidation near $94K may be the calm before the storm. Traders are watching the $96K breakout level with laser focus, while accumulation on-chain hints at deeper structural strength.
But beneath the charts, Bitcoin’s biggest evolution is quietly unfolding. PlutoChain is bringing smart contracts and DeFi to Bitcoin’s core — and it’s already live for those who are ready to build, trade, and scale the next cycle.
As BTC prepares for a possible breakout, PlutoChain offers investors a parallel upside — the infrastructure layer of Bitcoin’s decentralized future.
Disclaimer:
The information is for educational purposes only and should not be considered as investment advice. Cryptocurrency trading carries significant risks, and readers should do their own research and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and all investments can lose value.
