The price of Bitcoin (BTC) is at $93,430.33 as of now, having declined by a mere 0.36% in value over the last 24 hours. The trading volume for 24 hours is $30.63 billion, down by 29.61%. The Bitcoin value has increased by 10.26% over the last seven days, with its value having gone as high as $93,449.45. The asset’s price is watched with interest by traders, as it is on its way to a critical juncture.
The technical outlook for BTC remains in disarray. Based on recent analysis, Bitcoin is consolidating below a recent high, waiting for its breakout or pullback. The crypto is at critical resistance near $94,500. Its next considerable move will depend on how Bitcoin performs at this level.
Bitcoin faces key moment and may rise or fall
Bitcoin is at a fork in the road. One way is a bull breakout. In case BTC gets past short-term resistance, it may zoom to $98,983. This is in line with the upward trend channel by SMC Trading. Prices have to move above recent tops by buyers to validate momentum.
Conversely, a failure to breach above resistance can lead to a pullback. The price may regress towards the area of support at $87,351. This may prove to be a short-term setback, an opportunity for bulls to get back in at a lower price. The RSI is showing bearish divergence, suggesting dwindling strength and that a short-term downtick is on the cards.
Bitcoin Price Predictions for 2025
Looking to 2025, projections continue to be optimistic. Changelly sees Bitcoin’s price from $100,459 to $115,110, with an average at $129,761. The experts anticipate a return on investment at about 24%. For April 2025, expect a range trading price of $92,834 to $125,024, with an average value of $108,929 and an ROI possibility of 35%.
While institutional interest is surging in the meantime. Cantor Fitzgerald, SoftBank, and Tether introduced Twenty One Capital, a $3.6 billion Bitcoin fund. It has more than 42,000 BTC, hoping to compete with institutional heavyweights such as MicroStrategy. This signals increasing confidence levels and added market maturity. Long-term value and not only short-term gains are what long-term institutional players focus on, propelling Bitcoin’s next phase.
