#BTC

#تحليل

**Current Price**: 103,990 USD (May 16, 2025).

- **Resistance**: 104,000–105,000 USD (critical level).

- **Support**: 100,000 USD.

- **Supply Shock**: Institutional demand (196,207 BTC acquired in 2025) outpaces supply.

- **2025 Forecast**: 120,000–200,000 USD (year-end).

- **Risks**: Regulatory uncertainty, selling pressure (2.25M BTC in exchange wallets).

- **Catalysts**: Halving event, ETF inflows, "digital gold" appeal amid macro risks.

**Key Takeaway**: Bitcoin faces short-term volatility but long-term bullish momentum driven by scarcity and institutional adoption. Watch 105,000 USD (breakout) and 100,000 USD (support).