$BTC May 16, 2025, Bitcoin (BTC) is trading at approximately $103,706, reflecting a slight increase of about 1% over the past 24 hours. The cryptocurrency's price has fluctuated between an intraday low of $101,807 and a high of $104,305.

This modest rebound follows a dip earlier in the week, where Bitcoin's price retreated from recent highs. Analysts attribute the current stabilization to factors such as subdued U.S. inflation data, which has spurred expectations of potential Federal Reserve interest rate cuts, thereby boosting investor sentiment towards risk assets like cryptocurrencies.

Despite the recent volatility, Bitcoin continues to trade within a consolidation range, with resistance around the $105,000 level. Market participants are closely watching for a breakout above this threshold, which could signal a stronger bullish trend.

In the broader context, institutional interest and ETF inflows remain supportive of Bitcoin's long-term outlook, suggesting that while short-term fluctuations persist, the foundational demand for BTC continues to be robust.