Bitcoin (BTC) has experienced a significant surge, climbing 14.6% over the past two weeks from approximately $84,500 on April 18 to the mid-$90,000 range. This upward movement suggests that the cryptocurrency is aiming for a new all-time high (ATH), supported by several technical and momentum indicators that point to a growing bullish trend.

Crypto analyst Titan of Crypto highlighted on X that the Bitcoin monthly chart shows the Stochastic Relative Strength Index (RSI) is nearing a bullish crossover. This crossover typically signals increasing upward momentum, often seen as a buy signal or the beginning of a potential rally. Titan of Crypto noted that confirmation of this crossover could initiate Bitcoin’s next upward trajectory, referencing a similar pattern in Q3 2021 that preceded a 56.9% price surge.

Analyst Ali Martinez pointed out that Bitcoin might re-test the $95,700 support zone before attempting to reach the $100,000 milestone. Martinez identified $97,530 as a critical resistance level, and a successful breakthrough could allow Bitcoin to revisit or exceed its previous ATH. Currently, Bitcoin is trading about 10% below its record high.

Rekt Capital suggested that once Bitcoin decisively surpasses the $97,000 to $99,000 zone, it might encounter resistance near $104,500. Maintaining the $97,000–$99,000 range as a support level would be crucial for Bitcoin to move towards new highs. Analyst Ted noted that Bitcoin is in a Wyckoff accumulation phase, suggesting that the drop below $76,000 in early April likely marked the bottom for this market cycle. Ted anticipates that the $96,000-$99,000 level could act as a resistance, with potential consolidation before an eventual upside break.

Despite the bullish momentum, analysts caution that Bitcoin is unlikely to face an immediate supply shock, which could limit its upside potential. At the time of reporting, BTC was trading at $97,142, showing a 0.9% increase in the last 24 hours.

Institutional capital is increasingly driving Bitcoin's rise, with forecasts reaching as high as $700,000. The Bitcoin halving cycle and increased global liquidity are expected to push the price to $250,000. Bitcoin's role as a decentralized store of value further bolsters long-term price predictions. May 2025 is being closely watched for market direction, with analysts offering bold price predictions.

Fund managers are projecting significant growth, with Standard Chartered Bank estimating Bitcoin could hit $200,000 by the end of 2025 due to institutional demand for inflation hedges and its value as a store of value. H.C. Wainwright forecasts $225,000, citing the Bitcoin halving and clearer regulations. Tom Lee from Fundstrat and Anthony Pompliano share a $250,000 target, anticipating rising global liquidity and demand spikes. VanEck offers a more conservative $180,000 target, based on gradual institutional adoption, while warning of a potential market correction if saturation occurs.

More bullish predictions include analysis linked to BlackRock suggesting Bitcoin could reach $700,000 if institutions allocate 2–5% of their portfolios to BTC. Chamath Palihapitiya targets $500,000, viewing Bitcoin as a refuge asset amid global fiscal instability. Sina from 21st Capital provides a $135,000 to $285,000 range using quantile models, while 10x Research projects $122,000 using technical analysis. The GFO-X Survey indicates a collective forecast of $150,000, reflecting growing investor confidence tempered by market uncertainties.