$BTC

As of April 16, 2025, Bitcoin (BTC) is trading at approximately $83,428 USD, reflecting a 0.026% decrease from the previous close. The day's trading has seen a high of $86,259 and a low of $83,207.

Bitcoin recently reached a peak of $86,400 before experiencing a pullback due to profit-taking and broader market volatility, influenced in part by a significant drop in Nvidia's stock following U.S. restrictions on its H20 chip sales to China.

Technical analysis indicates that BTC is testing key support around $83,500 after facing resistance near $86,500. The Relative Strength Index (RSI) is approaching oversold territory, which could suggest a potential short-term rebound.

On the institutional front, BlackRock has acquired $37 million worth of Bitcoin, while MicroStrategy purchased 3,459 BTC between April 1–13, totaling approximately $285.8 million.

Analysts have varied forecasts for Bitcoin's trajectory in 2025. Some predict it could surpass $100,000, driven by factors like the establishment of a U.S. Strategic Bitcoin Reserve and increased institutional adoption.

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