$BTC Bitcoin Daily Analysis – May 16, 2025

$BTC is currently trading between $102,400 and $104,100. After a failed breakout attempt above $105K, the market is showing signs of exhaustion, though the overall trend remains bullish.

Current Price: ~$102,400

Key Resistance: $105,000

Key Support: $100,000

RSI levels suggest short-term overbought conditions, hinting at a possible minor correction. Meanwhile, institutional interest remains strong — Hong Kong-based Avenir recently increased its holdings in BlackRock’s spot BTC ETF to over $688M.

If momentum holds, analysts predict a move toward $110K before the end of May.

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