$BTC

Bitcoin Price Update – April 29, 2025

Bitcoin (BTC) is currently trading around $94,920, showing a steady recovery after hitting lows of $76,000 earlier this month.

Key Highlights:

BTC has gained momentum due to strong institutional demand, with $591 million flowing into Bitcoin ETFs just yesterday.

The price has broken out of a 4-month falling wedge and is now trading above the 200-day moving average.

Technical indicators like RSI are bullish, and BTC is approaching the psychological resistance of $100,000.

Analyst Predictions:

Standard Chartered: BTC could hit $120,000 in Q2 2025.

Power Law Model: Targets $200,000 by Q4 2025, based on long-term growth patterns.

Despite short-term volatility, market sentiment remains optimistic as Bitcoin continues to gain traction among institutional investors.

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