$BTC As of May 12, 2025, Bitcoin (BTC) is trading around $104,000, marking a significant rebound from its April lows. This surge is attributed to improved market sentiment following the U.S.-U.K. trade agreement and easing U.S.-China tariff tensions. Institutional investments have also played a role, with over $5 billion flowing into Bitcoin ETFs recently. Analysts predict that if Bitcoin maintains its momentum, it could reach between $108,000 and $110,000 in the near term, with some projections aiming for $120,000. However, traders should be cautious of potential volatility, especially if Bitcoin fails to hold the $100,000 support level.