Bitcoin's $BTC current price is $96,632, with a 2.32% increase in the last 24 hours. Its market cap is $1.9 trillion, and the 24-hour trading volume is $28.9 billion. Here's a breakdown of its recent performance:

- Short-term Prediction: Bitcoin's price may fluctuate between $94,381 and $99,449 in the short term, with potential resistance levels at $103,491 and $106,202.

- Long-term Prediction: Analysts predict Bitcoin's price could reach $221,485 by the end of 2025 and $369,701 by 2030.

Key Factors Influencing Bitcoin's Price

- Scarcity and Value: Bitcoin's limited supply of 21 million units contributes to its value.

- Decentralization and Security: Its decentralized system provides security and trust among users.

- Fast and Cheap Payments: Bitcoin enables fast and affordable cross-border transactions.

- Increasing Adoption: Growing acceptance by companies and institutions boosts its legitimacy.

Challenges Facing Bitcoin

- Price Volatility: Significant price fluctuations make it a high-risk investment.

- Environmental Impact: Concerns about mining's environmental impact are being addressed through sustainable solutions.