As of May 12, 2025, Bitcoin (BTC) is trading at approximately $101,286 USD, experiencing a slight decrease of 0.03% from the previous close.
Analysts have updated their price targets in light of recent market developments:
10x Research has revised its Bitcoin target, predicting further upside as BTC approaches the $106,000 mark.
Standard Chartered suggests that a $120,000 target for Q2 may be too conservative, indicating potential for higher gains.
CoinCodex predicts that BTC could reach $121,243 by May 12, 2025, representing a 24.86% increase from current levels.
These bullish forecasts are supported by factors such as institutional investments and positive macroeconomic developments. For instance, Strategy recently added 13,390 BTC to its holdings, totaling 568,840 BTC, which is about 2.7% of the total Bitcoin supply.
Additionally, the recent agreement between the US and China to reduce tariffs has been seen as a positive development for Bitcoin, with some analysts suggesting it could set the stage for a rally toward $150,000.
Overall, the market sentiment remains bullish, with analysts highlighting the potential for Bitcoin to achieve new highs in the near future.
