Bitcoin (BTC) Price Prediction: Targeting $351,046 in 2025

Bitcoin (BTC) recently showed signs of stability as it encountered resistance in advancing further from the $95,000 threshold. This follows a strong rally through April, which saw the cryptocurrency gain nearly 20%.

It had previously slumped to lows around $70,000 in March and April of 2025, marking its weakest levels so far this year.

Bitcoin was last trading at $94,943.4 on Thursday, indicating a slight recovery from the $94,000 it hovered around on Wednesday.

Its gains were largely driven by bargain buying as investors took advantage of lower prices.

Institutional investors also played a role in the rally through spot exchange-traded funds (ETFs). Data showed that Bitcoin ETFs recorded eight consecutive days of large inflows up until late April.

However, this ETF buying trend appears to be cooling off as the latest figures showed ETFs posted outflows of about $56.2 million on Wednesday.

The broader cryptocurrency market has mostly lagged behind Bitcoin’s rebound. While the world’s largest cryptocurrency benefited from large buying action, other cryptocurrencies haven’t seen the same level of recovery.

This comes amid continuing concerns over the US economic outlook. Recent data showed that the country’s economy unexpectedly shrank in the first quarter of 2025.

Trade tensions also remain a factor in market sentiment. President Trump has postponed steep reciprocal tariffs against major US trading partners by 90 days.

But the US has now entered into a renewed trade war with China, and this situation continues to dampen the global economic outlook.

These economic factors are more important for cryptocurrencies like Bitcoin, which are largely speculative in nature. They tend to move more on overall market sentiment than on specific fundamentals.

If sentiment toward the US economy worsens in the coming weeks, this trend could put downward pressure on crypto prices.

One unique Bitcoin price model showcases an interesting historical pattern. According to 21st Capital, Bitcoin's price has increased sixfold each time its age (as a network) has advanced by 40%.

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This analysis plots Bitcoin's price on a logarithmic graph, highlighting a nearly linear relationship that showcases long-term growth driven by network dynamics.

The study speculates that this pattern might be linked to Bitcoin's limited supply. As the network matures, the price shows a tendency to escalate in a somewhat predictable manner.

Based on this model's projections, Bitcoin could reach $351,046 by 2025. This would represent a 5.2x increase from the $68,000 peak attained in 2021.

However, the model has shown some inconsistencies. It underestimated early growth until 2017 and has overestimated prices in recent years.

Despite these irregularities, the model has demonstrated resilience through various market conditions. It has captured Bitcoin's long-term upward trend despite regulatory uncertainty, market volatility, and macroeconomic pressures.

Another analysis has identified $84,000 as a key support level for Bitcoin in the current market. This level is seen as the point of 'deepest volume', indicating the price band with the heaviest trading activity.

If this support holds, some analysts predict an accelerated price movement into the summer months.

Other cryptocurrency prices were largely rangebound on Thursday after strong gains in April.

Ethereum rose 0.1% to $1,808.30, while XRP fell 1.7%. Solana and Cardano moved within a 1% range.

Among meme tokens, TRUMP retained most of its over 50% surge from late April, while Dogecoin declined by 0.4%.