$BTC As of May 24, 2025, Bitcoin (BTC) is trading around $109,322, having recently reached an all-time high of approximately $112,000. This surge is attributed to several factors:

Institutional Investment: Major financial institutions like BlackRock have significantly increased their Bitcoin holdings, with BlackRock's ETF reportedly adding over $1.6 billion in a single week.

Regulatory Developments: The U.S. government's pro-crypto stance, including President Trump's executive order to establish a Strategic Bitcoin Reserve, has bolstered market confidence.

Technical Indicators: Analysts note bullish patterns, such as the "golden cross," where the 50-day moving average crosses above the 200-day moving average, suggesting continued upward momentum.

However, recent geopolitical tensions, including proposed tariffs by President Trump, have introduced volatility, leading to a slight pullback in prices.

Key Support and Resistance Levels:

Support: $107,000, with stronger support around $100,000 and $92,000.

Resistance: Immediate resistance at $110,000, with potential to reach $120,000 if bullish momentum continues.

Analysts project that, if current trends persist, Bitcoin could reach between $150,000 and $180,000 by the end of 2025.