Bitcoin Price Surge: Crypto Rover Highlights Key Bounce for Bullish Momentum in 2025 | Flash News Detail

On April 29, 2025, at 10:15 AM UTC, Crypto Rover, a prominent crypto influencer, tweeted an optimistic prediction about Bitcoin’s price movement, stating, ‘This bounce will send Bitcoin to Valhalla!’ (Source: Twitter, Crypto Rover, April 29, 2025). This statement coincided with a notable price rebound for Bitcoin, which saw a 3.2% increase from $68,450 to $70,650 within a 4-hour window from 8:00 AM to 12:00 PM UTC on the same day, as recorded on Binance (Source: Binance Live Data, April 29, 2025). Trading volume during this period spiked by 18.5%, reaching 42,300 BTC traded across major exchanges like Binance, Coinbase, and Kraken, indicating strong market participation (Source: CoinGecko Volume Data, April 29, 2025). This surge aligns with heightened social media sentiment, as tracked by LunarCrush, which reported a 25% increase in positive Bitcoin mentions between April 28 and April 29, 2025 (Source: LunarCrush Social Metrics, April 29, 2025). On-chain data from Glassnode further supports this momentum, showing a 12% uptick in Bitcoin wallet activity with 1.2 million active addresses recorded at 11:00 AM UTC on April 29, 2025 (Source: Glassnode On-Chain Metrics, April 29, 2025). Additionally, the BTC/USDT trading pair on Binance saw a liquidity surge, with buy orders outweighing sell orders by a ratio of 1.7:1 during the same timeframe (Source: Binance Order Book Data, April 29, 2025). This confluence of price action, volume, and on-chain activity suggests a potential short-term bullish trend for Bitcoin, sparking interest among traders looking for entry points during this bounce.

The trading implications of this Bitcoin price bounce are significant for both short-term scalpers and long-term holders as of April 29, 2025. At 1:00 PM UTC, Bitcoin’s price stabilized around $70,500, with a minor pullback of 0.5% to $70,150 by 3:00 PM UTC, indicating potential consolidation (Source: Coinbase Price Feed, April 29, 2025). This movement offers traders an opportunity to capitalize on volatility, particularly in high-liquidity pairs like BTC/USDT and BTC/ETH. On Binance, the BTC/USDT pair recorded a 24-hour trading volume of $1.8 billion by 4:00 PM UTC, a 22% increase from the previous day (Source: Binance Trading Volume, April 29, 2025). Meanwhile, the BTC/ETH pair on Kraken showed Bitcoin gaining 1.8% against Ethereum, with a volume of 5,600 BTC traded in the same period (Source: Kraken Market Data, April 29, 2025). For AI-related tokens, which often correlate with Bitcoin’s market sentiment, projects like Render Token (RNDR) and Fetch.ai (FET) saw parallel gains of 4.1% and 3.7%, respectively, between 10:00 AM and 2:00 PM UTC, as AI-driven blockchain solutions gain traction alongside Bitcoin’s rally (Source: CoinMarketCap Price Data, April 29, 2025). On-chain metrics from Dune Analytics reveal a 9% increase in transactions for AI tokens, suggesting growing investor interest in the AI-crypto crossover space as of 5:00 PM UTC on April 29, 2025 (Source: Dune Analytics, April 29, 2025). Traders could explore long positions in Bitcoin and related AI altcoins, leveraging this momentum while monitoring key resistance levels.

From a technical analysis perspective, Bitcoin’s price action on April 29, 2025, shows promising indicators for continued upward movement. At 6:00 PM UTC, the Relative Strength Index (RSI) for Bitcoin on the 4-hour chart stood at 68, nearing overbought territory but still signaling bullish strength (Source: TradingView Technical Data, April 29, 2025). The Moving Average Convergence Divergence (MACD) indicator also displayed a bullish crossover at 2:00 PM UTC, with the MACD line crossing above the signal line, reinforcing positive momentum (Source: TradingView MACD Data, April 29, 2025). Volume analysis further supports this trend, with Binance reporting a peak trading volume of 15,800 BTC in the hour between 11:00 AM and 12:00 PM UTC, a 30% increase from the prior hour (Source: Binance Hourly Volume, April 29, 2025). Key support for Bitcoin lies at $69,800, tested at 7:00 PM UTC, while resistance is observed near $71,000, based on order book depth from Coinbase at 8:00 PM UTC (Source: Coinbase Order Book, April 29, 2025). In the AI-crypto correlation space, tokens like RNDR saw trading volume rise by 28% to $85 million across exchanges by 9:00 PM UTC, reflecting Bitcoin’s influence on AI-driven blockchain assets (Source: CoinGecko AI Token Data, April 29, 2025). This correlation highlights potential trading opportunities in AI tokens during Bitcoin rallies, as market sentiment often spills over. For traders searching for ‘Bitcoin price prediction April 2025’ or ‘AI crypto trading strategies,’ monitoring these indicators and volumes offers actionable insights into market direction and entry/exit points.

In summary, Bitcoin’s bounce on April 29, 2025, backed by robust volume and on-chain data, presents a compelling case for traders. The interplay between Bitcoin and AI-related tokens further underscores emerging opportunities in the crypto market. For those exploring ‘best AI cryptocurrencies to invest in 2025’ or ‘Bitcoin trading signals today,’ staying updated with real-time data and technical levels is crucial for maximizing returns in this dynamic landscape.