$BTC Bitcoin ($BTC) Update – May 2025

Bitcoin continues to hold strong above the psychological $60,000 level, showing resilience amid broader market volatility. After a brief consolidation phase, bulls are eyeing a breakout toward $70,000 if momentum continues. On-chain data suggests long-term holders remain confident, with exchange reserves near multi-year lows—a bullish sign.

Watch for upcoming macro triggers like U.S. CPI data and potential Fed commentary, which could inject fresh volatility. Short-term support sits near $58K, with resistance at $66K–$68K.

TL;DR: Bullish structure intact, but macro risk remains. Eyes on the breakout zone.