$BTC As of May 14, 2025, Bitcoin (BTC) is trading at approximately $103,361, experiencing a slight decline of 0.91% over the past 24 hours.
š Market Overview
Bitcoin recently surpassed the $103,000 mark, driven by softer U.S. inflation data that has bolstered investor confidence and renewed expectations for potential interest rate cuts later this year. However, the cryptocurrency has been hovering around this level for several days, indicating a possible rotation into altcoins as it nears previous highs from earlier this year.
Some analysts suggest that Bitcoin may be forming a pattern similar to the 2021 double top, with on-chain metrics pointing toward waning momentum as it attempts to reach its January record just above $109,000.
š® Price Predictions
Looking ahead, forecasts for Bitcoin's price vary:
Moderate Bullish Scenario: Analysts predict that Bitcoin could reach $110,000 to $125,000 by the end of May, supported by institutional inflows and positive technical patterns.
Aggressive Bullish Scenario:$BTC