$BTC As of May 12, 2025, Bitcoin ($BTC) trades near $104,000, showing resilience despite minor intraday fluctuations. Technical indicators reveal strong support around $88,000 and resistance near $115,000. Momentum remains bullish, supported by increasing institutional adoption and positive market sentiment. Forecasts suggest a potential rise to over $300,000 by December 5, 2025, driven by limited supply, macroeconomic instability, and growing demand. On-chain data shows declining exchange reserves and rising long-term holder activity, indicating strong conviction. Despite short-term volatility, the broader trend points upward. Investors should monitor global economic shifts and regulatory developments closely as catalysts for Bitcoin’s long-term trajectory.