$BTC
In May 2025, Bitcoin (BTC) experienced a notable rise, surpassing the $100,000 threshold for the first time since last February, and is currently trading at around $103,260.
---
🔍 Factors Influencing Bitcoin's Rise
1. Improved Trade Relations: The announcement of a trade agreement between the United States and the United Kingdom has boosted investor confidence, contributing to the rise of Bitcoin.
2. Institutional Investment Inflows: Exchange-Traded Funds (ETFs) have seen net inflows exceeding $5.3 billion over the past three weeks, reflecting increased interest from financial institutions.
3. Adoption of Pro-Digital Currency Policies: U.S. states such as Arizona and New Hampshire have enacted laws allowing the holding of reserves in digital currencies, reflecting a shift in policies towards supporting cryptocurrencies.
---
📊 Technical Analysis and Forecasts
Support and Resistance Levels: The $100,000 level is considered a strong psychological support, with potential resistance at $107,000.
Price Forecasts: Some financial institutions, such as Standard Chartered, predict that the price of Bitcoin will reach $120,000 in the second quarter of 2025, with the possibility of exceeding this figure if current supportive factors persist.
