Bitcoin (BTC) price wild ride shows no sign of slowing down. As the world's largest cryptocurrency hovers just below $95,000

Today (Tuesday, April 29, 2025), Bitcoin's price is testing levels above $95,460, remaining at more than two-month highs.

Bitcoin (BTC) price has no sign of slowing down as the largest cryptocurrency approaches $95,000, prompting analysts and institutional players to ramp up their forecasts for 2025.

Three standout predictions, ranging from $120,000 to a staggering $210,000, are heating up the crypto sphere.

What’s fueling these bold targets, and could Bitcoin really break into this stratospheric price range? Let’s break down the latest projections, the models behind them, and the real-world factors that could send Bitcoin soaring-or stumbling-in the year ahead.

Why Is Bitcoin Going Up?

Today, Tuesday, April 29, 2025, Bitcoin’s price is testing levels above $95,460, remaining at more than two-month highs.

The market capitalization of the largest and oldest cryptocurrency stands at $1.88 trillion, while the 24-hour trading volume has increased by 13% to $28 billion.

Bitcoin Price Predictions 2025 Table

Model/Source

2025 Price Target(s)

Key Drivers & Insights

Power Law Model (Sina, apsk32)

$130,000 – $200,000+

Network growth (Metcalfe’s Law), historical four-year cycles, gold price lag, accumulation phase.

Presto Research (Peter Chung)

$210,000

Institutional adoption, global liquidity, Bitcoin’s dual role (risk-on & digital gold), ETF inflows.

Standard Chartered (G. Kendrick)

$120,000 (Q2), $200,000 (Year-End)

Whale accumulation, shift from U.S. assets, ETF flows, macroeconomic trends, safe-haven reallocation.

You may also like: Why Is Bitcoin Price Surging? BTC Taps 6-Week High, While Expert Predicts $200K Target in 2025

Bitcoin Power Law Model: $200,000 by Q4 2025

The “power law” model is a favorite among crypto analysts for its ability to map Bitcoin’s long-term growth against network expansion. This model, which is largely based on Metcalfe’s Law, suggests that as the number of users grows, so does Bitcoin’s value in a steeper, exponential fashion.

According to 21st Capital’s Sina, Bitcoin has recently "reclaimed" its power-law trajectory, putting it back on track for a potential $200,000 price tag by the end of 2025.

Sina’s Bitcoin Quantile Model identifies nearer-term targets of $106,000 and $103,000, with interim milestones at $130,000 and $163,000 before year-end.

The model identifies the current phase as a “Transition” period-an accumulation zone that usually precedes explosive rallies. Once Bitcoin breaks into the “Acceleration” zone, history suggests a rapid climb toward those upper targets.

Another analyst, apsk32, is known for overlaying Bitcoin’s price action across previous four-year cycles. Their “power curve time contours” predict a strong Q3 and Q4 in 2025, setting the stage for a potential surge to surpass $200,000 if historical patterns hold. This model also notes that Bitcoin often lags gold’s price moves by 100–150 days, implying that BTC could outpace the yellow metal if current trends continue.

Presto’s Peter Chung: $210,000 From Institutions

Peter Chung, head of research at quantitative trading firm Presto, is an even more bullish voice in the crypto sphere.

In a recent interview with CNBC, Chung doubled down on his price prediction of $210,000 for Bitcoin by the end of 2025. He highlighted two main drivers for this bullish outlook: surging institutional adoption and the ongoing expansion of global liquidity.

Chung describes Bitcoin as having a “dual nature.” In risk-on environments, it acts like a high-growth tech asset, being driven by user adoption and network effects to generate returns for investors. But during periods of financial stress-like the Russia-Ukraine conflict or the recent Silicon Valley Bank collapse-Bitcoin transforms into “digital gold,” a safe haven as investors seek to de-risk their portfolios amid turbulence in the U.S. dollar.

What’s different about this cycle is that this Bitcoin rally isn’ bật detected by scientists at the University of Science, Malaysia (USM), has been largely driven by institutions,