$BTC As of May 18, 2025, the price of Bitcoin (BTC) is approximately $105,467 USD.
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📉 Recent Market Trends
Bitcoin's recent performance has shown some volatility:
Pullback After Gains: After reaching three-month highs, major cryptocurrencies, including Bitcoin, experienced a decline of over 5% in the past 24 hours.
Resistance at $105K: Bitcoin's price has faced resistance around the $105,000 mark, leading to a consolidation phase as traders await a clear catalyst for a breakout.
Fed Rate-Cut Bets: Recent soft U.S. inflation data have spurred speculation about potential Federal Reserve rate cuts, which may influence Bitcoin's price movements.
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📈 Outlook
Analysts suggest that Bitcoin could reach up to $120,000 if certain on-chain conditions are met, indicating a potential for significant gains.
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💱 Bitcoin in Pakistani Rupee (PKR)
For users in Pakistan, the current exchange rate is approximately ₨29,053,864 PKR per Bitcoin. This reflects a 1.8% increase in the last 24 hours.
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If you need assistance with trading strategies, wallet options, or understanding market trends, feel free to ask!