Bitcoin's price could return to approximately $91,000, although onchain and technical analysis reveal solid market fundamentals that may support further growth. Key indicators show that Bitcoin's year-over-year return and realized price metrics suggest strong long-term support, with estimates proposing a price target of $110,000 to $120,000 by Q2 2025. Analysts note that Bitcoin is currently undervalued, potentially setting the stage for a rally. The funding rates in the Bitcoin futures market indicate a possible long squeeze that could see prices dip to around $90,500. As of late April 2025, Bitcoin has experienced a slight decline, reflecting a cooling bullish momentum. If demand increases, new all-time highs above $110,000 are conceivable within a few weeks, especially against the backdrop of strategic reallocations from U.S. assets amid a changing macroeconomic landscape.

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