$BTC

As of Thursday, May 29, 2025, around 9:06 PM IST, the BTC/USDT pair is trading in the range of approximately 108,000 to 109,000 USDT.

Here's a breakdown of its current placement:

* Price: Bitcoin is currently around $108,300 - $108,400 USDT.

* Recent Movement:

* It has seen a slight dip in the last 24 hours (around -0.12% to -0.21%).

* Over the last week, it's down about -1.5% to -2.0%.

* However, looking at a broader perspective, it's still significantly up over the last month (around +13.5% to +15.5%) and year (around +58% to +59%).

* Key Levels: Recent highs were around 111,980 USDT (May 21, 2025). Support levels are being observed around 106,800 USDT.

* Overall Sentiment: While there's some short-term profit-taking, the medium to long-term sentiment remains generally bullish, supported by strong institutional interest and positive technical indicators like the "Golden Cross" on higher timeframes. Many analysts are still eyeing higher price targets.

In essence, BTC/USDT is consolidating after a strong run, with bulls and bears currently battling around key price levels.