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$BTC On Thursday, May 15, 2025, the price of Bitcoin (BTC) settled above the $102,000 level, trading at around $102,422 at 6:00 AM Eastern Time, indicating relative stability after notable increases in recent weeks.
Key Updates:
🏦Institutional Flows: Bitcoin exchange-traded funds (ETFs) saw net inflows of approximately $320 million on Wednesday, led by the BlackRock iShares Bitcoin Trust, which attracted $232.9 million alone.
📈Technical Momentum: Despite the positive momentum, some technical indicators suggest a potential price correction, with resistance around the $105,700 level and strong support at $100,000.
🔮Future Predictions: Some analysts expect Bitcoin's price to reach $140,000 in the current cycle, while others believe it could reach $500,000 or even a million dollars during this cycle, driven by increasing institutional interest.
In the end, Bitcoin shows strong performance in May 2025, supported by significant institutional inflows and overall optimism in the markets. However, investors should exercise caution due to the potential for short-term volatility and price corrections.