$BTC As of April 29, 2025, Bitcoin (BTC) is trading at approximately $94,770, reflecting a 0.96% increase from the previous close. The intraday high reached $95,533, while the low stood at $93,580.

Analysts are optimistic about Bitcoin's future performance. Charles Edwards anticipates a significantly higher price trajectory moving forward. Geoff Kendrick from Standard Chartered predicts Bitcoin could achieve a new all-time high of $120,000 in Q2 2025, citing factors like economic uncertainties and growing institutional interest. (Charles Edwards Predicts Significantly Higher Bitcoin Price: Trading Insights for 2025, Why a top bitcoin bull says the token is about to notch a fresh record of $120,000)

The market sentiment is further bolstered by the U.S. government's establishment of a Strategic Bitcoin Reserve, aiming to capitalize on forfeited BTC holdings. This move positions Bitcoin as a national reserve asset, potentially enhancing its legitimacy and demand. (Strategic bitcoin reserve)

Despite recent fluctuations, including a dip to $78,000 in early April, the overall trend remains bullish. Factors such as post-halving scarcity, institutional adoption, and favorable macroeconomic conditions contribute to the positive outlook for Bitcoin in 2025. (Bitcoin Price Today, April 7, 2025: BTC Price Falls Below USD 80,000 Mark, Reaches USD 78,000 Amid Crypto Market Fluctuations | 📲 LatestLY, Canaccord Genuity Predicts Potential Bitcoin Rally Before April 2025 Amid Post-Halving Trends | Bitcoin Insider)