**Bitcoin in 2025: Towards new all-time highs or prolonged correction?**

The price of Bitcoin (BTC) remains in a key range between **$95,000 and $102,000**, showing unusual resistance against the volatility of traditional markets. These are the factors marking its trajectory:

### 🔥 Bullish Factors:

1. **Record accumulation by ETFs**: Institutional funds have purchased over **$15 billion** in BTC just this year, with BlackRock leading the acquisitions.

2. **Political backing**: The Trump administration has announced plans for states like Texas and Arizona to include BTC in their reserves.

3. **Scarcity on exchanges**: Only 11% of the circulating supply is available for trading, the lowest level since 2017.

### ⚠️ Risks to consider:

- **Technical correction**: The weekly RSI shows overbought conditions (78), which could anticipate a pullback to support at **$88,000**.

- **Selling pressure**: Miners have started liquidating reserves after the halving, with sales of **$2.1 billion** in May.

- **Global regulation**: The EU is assessing new restrictions on anonymous transactions that could affect demand.

### 📊 Key Data:

- **Hashrate**: Reached new highs (750 EH/s), demonstrating network strength.

- **Active addresses**: +18% year-on-year, showing growing adoption.

- **Institutional volume**: Increased 42% in derivatives (CME).

### 🎯 Forecasts:

- **Short term (June-July)**: Possible correction to $88K-$92K before attempting to break $105K.

- **End of 2025**: Targets between $120K (conservative) and $250K (extreme bullish).

**Conclusion**: Bitcoin shows solid fundamentals but faces technical resistances. The coming months could define whether it starts a new bullish cycle or enters a prolonged consolidation phase.

#Bitcoin #BTC #Crypto2025

*Sources: CoinMarketCap, Glassnode, TradingView*