$BTC As of April 24, 2025, Bitcoin (BTC) is trading at approximately 92,496, reflecting a modest dip of 1.25

Technical indicators suggest bullish momentum, with Bitcoin breaking out of a four-month falling wedge pattern and closing above its 200-day moving average. The Relative Strength Index (RSI) remains above 50, indicating continued positive sentiment.

Analysts project potential price targets ranging from100,000 to $159,000, contingent on sustained institutional adoption and favorable macroeconomic conditions. However, caution is advised as excessive bullish sentiment on social media may signal an impending market correction.

On the regulatory front, several U.S. states, including Oklahoma, Texas, Arizona, and Utah, have passed laws recognizing Bitcoin as a strategic asset for their state treasuries, bolstering its legitimacy and appeal to institutional investors.

In summary, while Bitcoin faces short-term volatility, its long-term outlook remains positive, supported by technical strength and growing institutional recognition.