$BTC Today, April 24, 2025, Bitcoin (BTC) is trading around $92,400, representing a slight decrease of 1.2% compared to the previous day. Despite this decline, BTC remains close to its recent highs after a strong 12% increase this week.
This growth is primarily supported by institutional investors, who have invested over $1 billion through spot ETFs, while retail investors are rather withdrawing from these funds.
Technical analysis shows that BTC has exceeded the $91,000 mark, which is the average purchase price of short-term holders. This breakthrough may signal continued growth, but some analysts warn of a possible "bull trap" effect.
Long-term holders (LTH) are showing strong confidence in BTC, having accumulated over 635,000 BTC since January 2025, which exceeds the amount sold by short-term investors.
From a macroeconomic perspective, the growth of the M2 money supply suggests a bullish trend for Bitcoin in May 2025.
Price predictions for BTC by the end of 2025 vary, with some estimates forecasting a rise to $138,500, while others expect it to reach $200,000 if the current trend of institutional investments and macroeconomic conditions continues.
Overall, #BTCvsMarkets indicates that Bitcoin maintains a strong market position, supported by institutional investors and positive macroeconomic factors.
What do you think? Let us know in the comments, I would appreciate any response or insight :)
Good luck, friends! :)
