Bitcoin shows no signs of slowing down. After weeks of stagnation, the top cryptocurrency powers ahead, fueling fresh optimism across the crypto market. Confidence is back, and Bitcoin leads the charge with a sharp 1.52% gain in just 24 hours. Investors who stayed patient through recent turbulence are now seeing strong rewards.
Trading at around $94,801, Bitcoin’s momentum grows stronger by the day. Weekly gains stand tall at 11.66%, showing a steady, healthy climb. With trading volumes spiking 16.49% to $38.49 billion, more investors are jumping back in, chasing the rally. The market feels different this time, more measured, more mature, yet still full of energy.
Bitcoin moves above key short-term averages
On the charts, Bitcoin looks poised for a bigger move. Prices now trade above both the 25-hour and 50-hour short-term moving averages. These bullish crossovers hint that the rally could still have plenty of fuel left in the tank. Short-term traders and long-term holders both see reasons to stay optimistic.
Momentum tools back up the case for continued gains. The RSI reads 57.74, suggesting Bitcoin isn’t even close to being overbought. MACD numbers are also flashing green, showing solid upward momentum. Meanwhile, the ADX at 19.54 signals that the strength of the trend still has room to grow. Volumes remain slightly below peak bull market levels, but participation is clearly rising.
Expected 21.8% Bitcoin return if trend continues
Pegging Bitcoin’s trading to be between $94,047 and $115,245. Their mean forecast is approximately $104,646, which holds a potential 21.8% return. If sentiment remains steady and technical setups are affirmative, then BTC may break past its resistance areas soon.
More ambitious longer-term projections are on the table. Changelly believes Bitcoin may trade between $100,483 and $115,596 at the end of the year. ARK Invest envisions a world where BTC reaches $2.4 million by 2030. Institutional capital, developing world demand, and Bitcoin being used as a global hedge may make these fantasies a reality. Even the bear case, $500,000 per coin, would represent a historic sea change for Bitcoin within the global economy.
