Today $BTC is hovering near $104,099.79, with a market cap of approximately $2.07 trillion. It has shown bullish momentum, with a weekly chart displaying a bullish engulfing pattern, suggesting potential for further upward movement. Technical indicators like the Relative Strength Index (RSI) at 77.05 indicate an overbought market, which could signal a short-term pullback, but the overall sentiment remains positive with a Fear & Greed Index at 70 (Greed).

Over the past week, BTC has risen by about 10%, reclaiming levels above $99,000 and testing $100,000 multiple times since early May. The 50-day and 200-day simple moving averages (SMAs) are trending upward, supporting a bullish medium- and long-term outlook.

Short-term forecasts suggest BTC could reach $117,159 by June 10, 2025, with some analysts projecting a high of $127,512 by mid-May if bullish trends persist. Long-term predictions for 2025 range from $120,000 to $200,000, driven by ETF flows, supply tightening from the April 2024 halving, and potential regulatory clarity under a crypto-friendly U.S. administration.