Below is an overview analysis of the Bitcoin (BTC) situation on April 29, 2025, based on market data and expert opinions:
📈 Current Bitcoin Price
According to CoinMarketCap, the current price of Bitcoin is around 94,937 USD, with a market capitalization of approximately 1.885 trillion USD and a 24-hour trading volume exceeding 30.8 billion USD.
🔍 Technical Analysis
According to TradingView, the current technical indicators are signaling "Buy", and in the 1-week timeframe, this signal is further strengthened with a "Strong Buy" rating.
On the chart, BTC is accumulating in the price range from 81,926 USD to 87,607 USD, indicating the possibility of preparing for a new breakout.
📊 Fundamental Factors and Market Sentiment
According to Geoff Kendrick, an expert at Standard Chartered, Bitcoin could reach 120,000 USD in Q2 2025 and aim for 200,000 USD by the end of the year. He points out supporting factors such as:
Global economic instability causing investors to seek Bitcoin as a safe-haven asset, replacing gold.
Capital flow from ETF funds shifting from gold to Bitcoin, indicating a new preference from investors.
Increased interest from institutional investors, including pension funds and sovereign wealth funds, is expected to be reflected in upcoming reports.
Data from Glassnode shows that "whales" (investors holding 100–1,000 BTC) have accumulated over 140,000 BTC in the past month, indicating expectations of future price increases.
