$BTC

In May 2025, Bitcoin (BTC) has shown a remarkable recovery, surpassing the $100,000 mark for the first time since February and reaching an intraday high of $105,525.

📈 Current Bitcoin Outlook

Current Price: $104,022 USD

Intraday Range: $103,719 – $105,525

Daily Variation: -0.67%

Key Factors Driving the Market

Trade Agreements: The recent preliminary agreement between the U.S. and the U.K. has improved market sentiment, boosting risk assets like Bitcoin.

Institutional Interest: In the last three weeks, $5.5 billion has been invested in digital asset funds, including $1.8 billion in Bitcoin products.

State Policies in the U.S.: States like Arizona and New Hampshire have passed laws allowing state investment in cryptocurrencies, reflecting greater institutional acceptance.

Technical Outlook for May

Resistance: $107,000

Key Support: $100,000

Bullish Target: $120,000 if the current momentum is maintained.

Analysts at Standard Chartered suggest that their target of $120,000 could be conservative, indicating greater bullish potential.