As of May 15, 2025, Bitcoin (
#BTC☀️ ) is trading around $103,380, experiencing a slight dip of 0.08% over the past 24 hours.
Bitcoin recently surpassed the $100,000 mark, reaching highs near $105,000. However, it has faced resistance at this level, leading to a retreat below $102,000. This pullback is attributed to profit-taking by traders ahead of the U.S. Consumer Price Index (CPI) release and uncertainties surrounding the Russia-Ukraine peace talks. InvestopediaFXStreet
Technical indicators suggest that if Bitcoin maintains support above $100,000, it could target resistance levels at $107,000 and potentially $120,000. Conversely, a drop below $100,000 might see support around $92,000. Investopedia
Mid-Term Projections (May–August 2025):
Analysts project that Bitcoin could trade between $105,000 and $108,000 in the coming months. A decisive break above $110,000 might pave the way for further gains. Some forecasts even suggest a rise to approximately $113,000 by mid-May. FXStreet+2CoinDCX+2Investopedia+2changelly.com
Long-Term Forecasts (End of 2025 and Beyond):
Long-term predictions for Bitcoin's price vary:
Moderate Estimates: Some analysts anticipate Bitcoin reaching between $150,000 and $200,000 by the end of 2025, driven by factors like institutional adoption and favorable regulatory developments. Investor's Business Daily+199Bitcoins+1
Optimistic Scenarios: Others, including Charles Hoskinson and Unchained Capital, forecast Bitcoin prices as high as $250,000 by late 2025 or early 2026. InvestingHaven+499Bitcoins+4Finance Magnates+4
Key Factors Influencing Bitcoin's Trajectory:
Macroeconomic Indicators: Upcoming U.S. CPI data and global economic conditions could impact investor sentiment and Bitcoin's price.FXStreet
Regulatory Environment: Recent legislative developments in U.S. states like Arizona and New Hampshire indicate a growing acceptance of cryptocurrencies, which may influence market dynamics. axios.com.