Bitcoin continues its upward trend, hovering at around $95,120 despite a slight decline on April 30th. Analysts predict potential for significant growth in the near future, with some forecasting a surge to $120,000 by Q2 of 2025 and potentially exceeding $200,000 by year’s end. This optimism is attributed to expanding DeFi applications, increasing institutional investment, and positive market sentiment. While short-term gains are expected, traders remain cautiously optimistic. 62% expect bullish momentum to persist over the next two weeks. Bitcoin’s intraday high on April 30th was $95,485, with a notable rise of 1.64% in the past seven days and an overall increase of 16.05% in the past month. The market capitalization currently stands at $1.88 trillion, and trading volume has decreased by 13.92%, reaching $24.88 billion. Despite the current positive momentum, Bitcoin has recently faced a slight decline of 0.15%. Market indicators suggest a strong buy situation with neutral oscillators and strong buy moving averages. Short-term metrics like EMA 10 at $92,922, EMA 50 at $88,111, and EMA 200 at $88,517 are further support for the bullish outlook. If this positive trend continues, Bitcoin could reach its first resistance level of 1-month at $106,769 and second resistance at $123,256. However, a bearish reversal could result in support levels at $53,397 and $36,910. The Relative Strength Index (RSI) stands at 66, indicating the potential for further gains before reaching an overbought level. Analyst Geoff Kendrick predicts further upside of Bitcoin to $120,000 by Q2 2025 and potentially exceeding $200,000 by year-end. Furthermore, whales have exhibited significant accumulation in Bitcoin, supporting the bullish sentiment.