#bitcoin

Bitcoin is currently trading at approximately $101,853, reflecting a 1.9% decline over the past 24 hours. Despite this dip, Bitcoin maintains its position above the critical $100,000 support level. The recent price movement is attributed to profit-taking activities near the $103,000 resistance zone, where selling pressure has intensified. Analysts suggest that if this pressure continues, BTC could potentially dip below the $100,000 mark.

Institutional interest remains robust, with Bitcoin ETFs recording inflows of $319.5 million on May 14, indicating sustained confidence from large-scale investors. Moreover, market analysts project that Bitcoin could reach $110,000 in the near term, buoyed by declining U.S. inflation data and increased investor interest. Looking further ahead, some experts anticipate Bitcoin's price could surpass $120,000 by the end of 2025.

In the broader cryptocurrency market, Bitcoin's dominance has decreased from 65% to 62%, suggesting a potential shift towards alternative cryptocurrencies. This trend may signal the onset of an "altcoin season," where alternative digital assets outperform Bitcoin.

In summary, while Bitcoin experiences short-term volatility, the underlying market dynamics, including strong institutional inflows and positive macroeconomic indicators, support a cautiously optimistic outlook for its price trajectory.