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The Bitcoin price edged up over 1% in the last 24 hours to trade at $93,488 as of 3:51 a.m. EST, with trading volume plunging 13% to $31.8 billion.
This comes as ARK Invest predicts the BTC price could hit $2.4 million by the end of 2030, which is up from the firm’s previous estimate of $1.5 million.
Ark Invest’s Bitcoin price target for 2030: bull case $2.4 million! 🚀🚀 pic.twitter.com/XP8jsKbvIN
— Alvin Foo (@alvinfoo) April 24, 2025
The revised prediction comes from the growing demand from institutions, national treasuries, and investors in emerging markets.
Another major puzzle piece is Bitcoin’s growing reputation as “digital gold.” ARK estimates that by 2030, Bitcoin could capture up to 60% of gold’s $18 trillion market cap, which would significantly increase its value.
But what does a BTC short-term analysis show?
Bitcoin Price On A Strong Bullish Recovery – Surge Aims For $106,500
The BTC price on the daily timeframe is showing a strong bullish reversal after completing a rounded top correction and successfully bouncing from a key horizontal support zone around $79,190.
The Bitcoin price has now broken above both the 50-day and 200-day Simple Moving Averages (SMAs), currently trading at $93,488.57, GeckoTerminal data shows.
This break above resistance suggests a significant shift in market sentiment, transitioning from consolidation to an uptrend.
Meanwhile, the Relative Strength Index (RSI) sits at 66.44, reflecting strong momentum but still just below the overbought threshold, suggesting there’s still room for BTC to rise.
Moreover, the Moving Average Convergence Divergence (MACD) is strongly bullish, with the blue MACD line (2,315.03) well above both the orange signal line (1,031.18) and the zero line. Expanding histogram bars, which often confirm trend continuation, support this.
With price action decisively breaking key resistances and both RSI and MACD supporting bullish momentum, the price of Bitcoin appears poised to climb even further.
A projected upside breakout target of around 13.47% could occur, aligning with a potential move toward $106,500.
However, if momentum fades, a retest of the $80,000 area could occur before the next leg up. The outlook is bullish, with a solid foundation formed at recent support levels. This could be fueled by the death cross formed around the $86,648 level.
Meanwhile, crypto investors are turning to BTC Bull Token (BTCBULL), a promising Bitcoin-themed meme coin.
YouTube channel 99Bitcoins, which boasts over 725K subscribers, predicts 10X gains for BTCBULL holders after the token launches.
BTC Bull Token Presale Racing Towards The $5 Million Milestone
BTC Bull Token is a one-of-a-kind project that enables its holders to earn real Bitcoin rewards without investing directly in BTC.
The project’s presale has already raised over $4.98 million, signaling rising interest amid a volatile market.
BTCBULL holders will receive free Bitcoin via airdrops when BTC crosses $150K for the first time and again at $200K. These events are designed to reward loyal supporters directly during high-momentum market phases.
Perhaps the most anticipated event is that when Bitcoin reaches $250,000 for the first time. To celebrate this milestone, the project will conduct a monumental airdrop, distributing 10% of the entire 21 billion token supply to early supporters.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
In addition to BTC airdrops, the team will also carry out token burns, permanently removing a portion of the total supply. The aim is to follow Bitcoin’s footsteps and increase scarcity and value.
BTC Bull token holders can earn passively by staking their tokens for an 82% annual percentage yield (APY).
Investors participating in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.00248 each using BNB, ETH, USDT, or a bank card.
Buy BTCBULL before a price hike in about 2 days to secure the best deal.
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