Bitcoin (BTC) has recently experienced a notable rebound, with its price currently at $95,381, reflecting a 1.5% increase over the past 24 hours.
This resurgence follows a dip to approximately $76,000 on April 8, 2025, and is attributed to several key factors: (Why a top bitcoin bull says the token is about to notch a fresh record of $120,000)
Institutional Investment: Major firms like MicroStrategy and KULR Technology Group have made significant BTC purchases, signaling strong institutional confidence. (Bitcoin (BTC) Price Returns Above $100K, ETH, SOL Gain as Early-2025 Crypto Rebound Extends)
Market Sentiment: Analysts, including Geoff Kendrick from Standard Chartered, predict BTC could reach $120,000 in Q2 2025 and potentially $200,000 by year-end, driven by its appeal as a hedge against economic uncertainties. (Why a top bitcoin bull says the token is about to notch a fresh record of $120,000)
Technical Indicators: The Relative Strength Index (RSI) suggests BTC is nearing oversold conditions, indicating potential for further upward movement if buying momentum continues. (BTC Prediction Update 5-7 April 2025, Check Now!)
Looking ahead, forecasts suggest BTC could climb to around $116,731 by mid-April, with some projections estimating a range between $150,000 and $250,000 by the end of 2025, contingent on market dynamics and investor sentiment. (Bitcoin (BTC) Price Prediction 2025, 2026–2030 | CoinCodex)
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