$BTC

Bitcoin's next target is a subject of much speculation in the cryptocurrency market.

Currently trading around $97,000 in early May 2025, BTC has shown strong momentum.

Technical analysis suggests immediate resistance at the March 2025 high of $95,000.

A break above this could pave the way for a surge towards the psychological $100,000 level and further to its all-time high near $109,000.

Optimistic forecasts from institutions like Standard Chartered predict a climb to $120,000 by the second quarter and potentially $200,000 by the year's end, fueled by ETF inflows and supply tightening.

Ark Invest even presents a bullish scenario with a $2.4 million target by 2030.

However, factors like regulatory developments, macroeconomic conditions, and market sentiment will play crucial roles in determining whether Bitcoin reaches these ambitious targets.

While the long-term outlook remains largely positive, short-term volatility is expected.