As of April 29, 2025, the price of Bitcoin (BTC) is approximately $94,707, with an intraday fluctuation range between $93,580 and $95,533, demonstrating market stability.

Recently, Bitcoin rebounded from a low of $76,000 in early April, with an increase of over 24%. This rise has been driven by multiple factors, including U.S. President Trump announcing a 90-day delay in tariff imposition, alleviating market concerns about trade tensions and boosting investor interest in Bitcoin.

Additionally, participation from institutional investors is also on the rise. For example, Strategy Corporation recently purchased 15,355 Bitcoins, bringing its total holdings to 553,555 Bitcoins, with a current market value exceeding $52 billion, indicating institutional optimism for Bitcoin in the long term.

In terms of technical analysis, Crypto Rover notes that Bitcoin is currently near a key resistance level, and if it breaks through this area, it could trigger a new upward trend.

Looking ahead, S&P analyst Geoff Kendrick predicts that Bitcoin is expected to reach new historical highs of $120,000 in the second quarter of 2025 and rise to $200,000 by the end of the year, primarily benefiting from the trend of investors shifting from traditional assets to Bitcoin.

Overall, Bitcoin's recent performance shows strong rebound momentum, benefiting from adjustments in macroeconomic policies and active participation from institutional investors. However, the market still faces volatility, and investors should remain cautious, paying attention to changes in key support and resistance levels.