#ETHCrossed2500 ay's Bitcoin Market Overview (Sunday, May 11, 2025):

Bitcoin (BTC) is currently trading around $103,100, showing a slight increase over the past 24 hours and a more significant rise over the past week. This positive momentum is supported by several factors:

* Bullish Sentiment: Overall market sentiment remains positive, with analysts pointing to continued institutional interest and inflows into Bitcoin ETFs as driving forces.

* Technical Analysis: Technical indicators suggest continued bullish momentum in the short to medium term, although some short-term exhaustion may lead to minor pullbacks. Key support levels are being watched around $99,000 - $100,000.

* Regulatory Developments: Recent news includes some positive regulatory developments in the US, such as states legalizing strategic Bitcoin reserves, although a stablecoin bill faced a setback in the Senate due to Democratic concerns