Bitcoin Price Prediction: Bitcoin continues its powerful upward trajectory

Bitcoin continues its powerful upward trajectory, recently breaking past the $94,000 mark and sparking fresh optimism among investors and analysts.

Bitcoin (BTC) price rose steadily on Wednesday, setting sight on the $100K mark as optimism swelled among investors and analysts. As momentum builds and long-term forecasts hit new highs, market mood suggests a new all-time high could be around the corner.

Bitcoin is currently trading at $94,801, showing a 1.52% gain over the past 24 hours. As of Wednesday morning, the cryptocurrency has also gained 11.66% over the past week, consolidating its position above the high $94K range and fueling bullish projections for the weeks ahead.

Technical analysis

BTC is trading comfortably above key short-term moving averages such as the 25-hour and 50-hour SMAs. The Relative Strength Index (RSI) stands at 57.74, indicating there’s room for further upward movement without being overbought. Meanwhile, the MACD indicator also reflects positive momentum. However, with the Average Directional Index (ADX) at 19.54, the strength of the current trend may still be developing.

CryptoQuant’s latest on-chain data suggests that $90,000 is emerging as a new strong support level. Dormant capital—measured through a sharp rebound in one-year inactive supply—has returned to the market, reinforcing bullish sentiment. Bitcoin has held above the $90,000 level for several consecutive days, setting higher lows that support the continuation of its upward momentum.

Bitcoin price prediction: A look ahead

Analysts predict that by April 2025, analysts forecast Bitcoin’s price to range between $94,047 and $115,245, with an average prediction of $104,646. These estimates highlight growing institutional interest, long-term accumulation, and a broader shift toward decentralized finance systems.

One of the boldest forecasts comes from ARK Invest, which recently revised its 2030 price target to a staggering $2.4 million per Bitcoin. The firm attributes this to increasing adoption by institutional investors and Bitcoin’s rising status as a global hedge against inflation. Even in a bear-case scenario, ARK sees Bitcoin hitting $500,000—fueled by Bitcoin’s penetration into the $200 trillion global financial ecosystem.

MicroStrategy’s continued acquisitions have added further momentum. CEO Michael Saylor’s recent comments—Bitcoin is faster—reflect growing confidence in BTC’s role as a premier store of value in an increasingly digital world.

At a time when traditional markets face uncertainty, Bitcoin’s climb offers a compelling narrative for both retail and institutional investors. With bullish indicators aligning and support from influential market players, Bitcoin’s climb to $100K no longer seems like a question of if—but when.