$BTC Bitcoin (BTC) Eyes $100K Milestone Amid Institutional Momentum – May 2025

Bitcoin (BTC) is currently trading around $96,318, reflecting a slight dip of 0.43% over the past 24 hours. The cryptocurrency reached an intraday high of $97,838 and a low of $96,198.

Market Dynamics:

• Institutional Adoption: The approval of Bitcoin Exchange-Traded Funds (ETFs) 15 months ago has catalyzed significant institutional investment. Major financial institutions, including EY and Capriole Investments, have increased their exposure to Bitcoin, viewing it as “digital gold.” 

• Governmental Support: In March 2025, President Trump signed an executive order establishing a U.S. strategic Bitcoin reserve, holding approximately 198,000 BTC.

• On-Chain Metrics: Recent data indicates a shift towards long-term holding, with whales accumulating over 43,000 BTC in the past two weeks, suggesting confidence in Bitcoin’s long-term value.

Price Predictions:

• Standard Chartered projects Bitcoin could reach $120,000 in the second quarter of 2025, driven by economic uncertainties and growing institutional interest. 

• VanEck forecasts BTC trading at $180,000 by Q4 2025, citing institutional traction. 

• CoinCodex anticipates BTC trading between $97,579 and $133,545 in May 2025, with a bullish market sentiment. 

Technical Analysis:

Bitcoin recently broke out from a descending channel and pennant pattern, signaling bullish momentum. Critical resistance levels lie at $100,000 and $107,000, while support levels to watch during pullbacks are $92,000 and $85,000. 

Note: Cryptocurrency investments carry inherent risks. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.

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