Current forecasts indicate that Bitcoin is experiencing strong upward momentum in the short term, supported by technical and institutional factors.
🔹 Current Situation
On May 10, 2025, the price of Bitcoin exceeded the $100,000 mark, reaching around $102,700, the highest level since February 2025. This rise came as a result of improved sentiment in the markets following a trade agreement between the United States and the United Kingdom, and positive expectations regarding trade talks with China. Business Insider+1Investopedia+1Investopedia
🔹 Short-term Technical Outlook
Support and Resistance Levels: Bitcoin faces technical resistance at the $107,000 level, with expectations of rising to $120,000 if upward momentum continues. Conversely, the $100,000 level is considered a key support, and if broken, the price could retreat to around $92,000. Investopedia
Technical Indicators: The relative strength indicators suggest that Bitcoin may be in an overbought territory, which could lead to a temporary price correction.
🔹 Institutional Factors
Recent weeks have seen significant inflows of institutional investments into Bitcoin funds, with inflows totaling $5.5 billion, including $1.8 billion in Bitcoin products. Strategy has also announced its intention to invest $84 billion in Bitcoin. Business Insider
🔹 Forecasts for the Coming Days
According to CoinCodex, the price of Bitcoin is expected to reach $126,357 by May 15, 2025, representing a 22.53% increase compared to the current price. coincodex.co
🔹 Conclusion
Based on current data, Bitcoin shows a strong upward trend in the short term, supported by technical momentum and institutional inflows. However, investors should be cautious of potential volatility and short-term price corrections.
