Bitcoin's price has experienced fluctuations in recent months. After reaching an all-time high of $109,021 in January, it dipped to around $74,000 in April but has since rebounded. Currently, $BTC is consolidating near the $100,000 mark, with technical indicators suggesting a cautiously bullish outlook.
Technical Analysis and Forecasts
Analysts have identified key support and resistance levels for BTC in May 2025:
Support Levels: $93,000 to $94,000
Resistance Levels: $95,600 to $98,000
If $BTC
maintains support above $93,000 and breaks through $95,600, it could target the $98,000 to $105,000 range.
Institutional and Corporate Interest
Institutional demand continues to influence BTC's price. Spot Bitcoin ETFs have seen significant net inflows, and corporate holdings have surged to $16 billion, indicating strong institutional confidence.