As of May 16, 2025, Bitcoin (BTC) is trading near $102,977, slightly below its recent peak around $105,000. After a strong rally from $74,000, momentum appears to be slowing, and a short-term pullback is possible, with key support at $100,800. Despite this, institutional interest—fueled by Bitcoin ETFs from firms like BlackRock and Fidelity—continues to strengthen long-term investor confidence. Analysts remain bullish, forecasting BTC could reach between $140,000 and $200,000 by the end of the year, driven by macroeconomic trends and growing adoption. Still, short-term volatility is expected, and traders are closely watching support and resistance levels for clues on the next move. Overall, Bitcoin remains in a strong position but faces near-term consolidation.