🔥$BTC Bitcoin Market Update

💥Current Price and Market Status

🔹️Current Price: $103,682.79

🔸️Market Cap: $2.08 trillion

🔹️24-hour High: $104,629.96

🔸️24-hour Low: $100,718.37

🔹️Percent Change: -0.31%

💥Recent Market Performance

Bitcoin's price dipped to $100,833 today but steadily gained later, reaching $103,600. The cryptocurrency saw significant selling pressure, impacting the broader crypto market.

💥Market Trends and Predictions

🔹️Support Level:

Bitcoin's support level is around $60,000, which was tested on May 13, 2025.

🔸️Resistance Level:

If Bitcoin breaks through its historical high, it could potentially advance towards $130,000 over the medium term.

🔹️Market Sentiment:

The market sentiment is cautiously optimistic, with traders monitoring key resistance levels and potential breakouts.

💥Additional Insights

🔹️BTC Dominance:

Bitcoin's dominance dropped below 63%, indicating a potential shift in investor focus towards altcoins like Ethereum.

🔸️Institutional Interest:

Institutional investors are de-risking their portfolios, but this could create potential entry points for traders.