As of May 2025, Bitcoin (BTC) is trading around $94,500, showing volatility after reaching a peak of $109,000 in January. The market is in a consolidation phase: the MVRV Ratio at 1.74 indicates a cooling of unrealized profits, which has historically been associated with sideways movement. Technical indicators are neutral: RSI around 60, the 50-day SMA is rising, but short-term pressure remains. Institutional interest remains high due to ETFs, but macroeconomic risks, including the tightening of Fed policy and geopolitical tensions, are holding back growth. Forecasts for 2025 range from $75,000 to $200,000, with a likely range of $110,000–$130,000 if current momentum continues. Volatility is high, and investors should exercise caution.