Bitcoin Price Predicted to Strengthen Until May 2025, Analysts Project Positive Sentiment

The price of Bitcoin (BTC) has shown a positive trend towards the end of April 2025, with several analysts forecasting a significant price surge through the end of May. This prediction is driven by unstable macroeconomic factors as well as growing institutional interest in the digital asset. According to a report by Business Insider, global economic uncertainty has led Bitcoin to once again be seen as a safe-haven asset.

Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, predicts that Bitcoin could reach a new record of US$120,000 in the second quarter of 2025. In an interview with Business Insider, Kendrick stated that uncertainty regarding interest rates and political stability is pushing investors to move away from bonds and into cryptocurrencies, particularly Bitcoin.

From a technical perspective, Investopedia reported that Bitcoin has broken through a downward wedge pattern that had formed over the last four months and closed above the 200-day moving average. This bullish momentum is further strengthened by the Relative Strength Index (RSI) being above 50. Investopedia also noted that Bitcoin's major resistance level stands at US$100,000, and if the price manages to close convincingly above this level, Bitcoin could continue its ascent toward the technical target of US$107,000.

In addition to technical factors, the price increase projection is also supported by the rise in institutional investor interest. Several pension funds and sovereign wealth funds are now beginning to include Bitcoin in their portfolios for asset diversification purposes. Moreover, the potential approval of stablecoin regulations is also believed to provide a positive boost to the crypto market.

However, Investopedia cautions that relatively low trading volume reflects investor caution. In their analysis, they noted that the main support level is around US$85,000, and in the event of a deeper correction, US$76,000 could serve as a strategically significant accumulation area from a technical standpoint.

Overall, based on the developing technical and fundamental conditions, the price projection for Bitcoin until the end of May 2025 is generally bullish. If market sentiment remains positive, Bitcoin could reach — or even surpass — the psychological level of US$120,000 in the coming weeks.