$BTC

Bullish/Bearish?

As of May 3, 2025, Bitcoin (BTC) is trading at approximately $96,166, reflecting a slight daily decline of about 1.2%. The day's trading range has seen highs around $97,358 and lows near $95,936.

Year-to-date, Bitcoin has posted a modest gain of approximately 3.7% since January 1, 2025 . This performance includes a notable rebound from a low of $76,000 in early April, marking an 18% increase since March 31 and a 28% rise from early April lows .

Bitcoin's price is currently navigating between significant support and resistance levels, indicating a period of consolidation . Analysts, such as Geoff Kendrick from Standard Chartered, remain optimistic, projecting a potential rise to $120,000 in Q2 and a year-end target of $200,000 .

Institutional interest continues to bolster Bitcoin's outlook. For instance, Strategy (formerly MicroStrategy) has increased its Bitcoin holdings to 553,555 BTC, with an average acquisition cost of $68,459 per coin .

In summary, while Bitcoin's year-to-date growth has been modest, recent rebounds and growing institutional adoption suggest a cautiously optimistic trajectory for the remainder of 2025.

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