$BTC

### **Bitcoin (BTC) Key Metrics**

- **Current Price**: **$104,167.33** (as of May 13 close, +1.32% daily)

- **24h Trading Volume**: **$52.6B** (significant liquidity)

- **Yearly Performance**: **+67.26%** (from $61,507.05 a year ago)

- **Market Cap**: **~$1.76T** (INR terms, ~₹88.5L per BTC)

### **Latest Developments**

1. **Price Targets Revised Upward**

- Standard Chartered’s analyst now suggests his **$120K Q2 2025 target may be "too low"**, citing institutional inflows ($5.3B in spot BTC ETFs in 3 weeks) and strategic asset reallocation .

- Consensus among experts points to **$150K–$200K by 2025**, with some predicting **$300K by 2030** .

2. **Macro Drivers**

- **Global money printing** is fueling bullish sentiment, with liquidity injections historically benefiting BTC (e.g., +300% in 2020 during QE) .

- **Institutional adoption** continues (MicroStrategy, Swiss National Bank, Abu Dhabi’s sovereign fund holding BlackRock’s IBIT ETF) .

3. **Technical & On-Chain Signals**

- **RSI at 62** (room for growth before overbought) .

- **MACD bullish crossover** (May 12) and rising wallet addresses holding 1+ BTC (+20% YoY) .

4. **Short-Term Outlook**

- Traders are watching the **$104K level** (Binance BTC/USDT spot price) for a potential breakout today .

- If momentum holds, next resistance levels are **$109K** (ATH) and **$120K** .

### **Risks to Monitor**

- **Policy shifts**: Sudden central bank tightening could trigger sell-offs .

- **Stock market correlation**: BTC remains sensitive to Nasdaq/S&P movements .

For real-time tracking, check **Binance BTC/USDT** or spot ETF flows. Would you like a deeper dive into any aspect?