On April 27, 2023, the price of Bitcoin (BTC) was approximately $94,450, down about 0.66% from the previous trading day. Recently, the price of Bitcoin has entered an adjustment phase after breaking through the $100,000 mark.

In the short term, the price of Bitcoin is influenced by market sentiment, with some investors taking profits, leading to price fluctuations. At the same time, macroeconomic factors such as expectations of interest rate hikes in the United States and global inflationary pressures also affect the price of Bitcoin.

In the long term, several institutions predict that the price of Bitcoin could reach $200,000 by the end of 2025, primarily due to the continued influx of institutional investors and the decrease in Bitcoin supply. However, the long-term trend will also be affected by various factors such as the global economic situation, policies and regulations, and market supply and demand relationships, leading to a certain degree of uncertainty.