Bitcoin $BTC is trading at approximately $109,135.43 USD, showing a modest 0.05% gain over the past 24 hours, with a 24-hour trading volume of $52.14 billion. The cryptocurrency is consolidating near $108,800–$109,200, just 2.71% below its all-time high of $111,970 set in May 2025, driven by strong institutional interest and ETF inflows totaling $14.4 billion year-to-date.

Technical indicators suggest bullish momentum, with Bitcoin holding above key support levels like the 20-EMA ($109,046) and 50-EMA ($108,867), though the RSI at 56.58 indicates neutral momentum with a slight bullish tilt. Market sentiment is cautiously optimistic, supported by positive geopolitical developments like a recent ceasefire announcement and increasing corporate adoption, with 61 public companies now holding nearly 100,000 BTC as treasury assets.

However, potential volatility looms due to macroeconomic factors, including the Federal Reserve’s rate pause and upcoming policy changes like the U.S. tariff deadline and a proposed crypto market structure bill, with analysts predicting a possible push toward $116,000–$130,000 by Q3 2025 if current trends persist, though a pullback to $106,500–$107,800 remains a risk if selling pressure intensifies.