$BTC has surged to new all-time highs, breaking past $116,000 and reaching as high as $118,000, driven by institutional inflows, spot ETF approvals, and the 2024 halving event. Despite a Q1 2025 pullback due to U.S. trade tariffs and macroeconomic uncertainties, Bitcoin has rebounded in Q2, with projections suggesting a range of $80,440–$151,200 and a stretched target of $175,000–$185,000 by year-end. Support levels are around $101,000–$102,000, with resistance near $120,000. Institutional adoption, including Bitcoin treasury companies like Strategy (formerly MicroStrategy), and a U.S. strategic Bitcoin reserve established in March 2025, are key drivers.