As of May 14, 2025, Bitcoin$BTC is trading at approximately $103,250, reflecting a slight daily increase of 0.06%.

Over the past month, Bitcoin has experienced a significant rally, surging from around $75,000 to nearly $106,000. This rapid ascent has brought the price near a key resistance level at $106,000, which previously acted as a ceiling in early 2021. Some analysts suggest that this could indicate a potential double top formation, signaling caution for investors.

Despite minor outflows from U.S. spot Bitcoin ETFs, totaling $96 million, Bitcoin continues to be viewed as a "safe haven" asset, particularly during periods of macroeconomic stress. The broader cryptocurrency market remains robust, with altcoins like Ethereum and XRP posting notable gains.

In summary, while Bitcoin's recent performance is impressive, the proximity to historical resistance levels and the rapid pace of the rally suggest that investors should remain vigilant for potential short-term corrections.

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