$BTC

As of May 14, 2025, Bitcoin (BTC) is trading at approximately $103,551. Analysts anticipate that BTC will close this Sunday, May 18, within the range of $108,000 to $110,000, assuming it maintains support above the $100,000 level.

Recent market dynamics have been influenced by traders locking in profits ahead of the U.S. Consumer Price Index (CPI) release, causing BTC to dip below $103,000. However, with the CPI data indicating lower-than-expected inflation, and ongoing institutional interest, the bullish outlook remains intact.

Technical indicators suggest that as long as BTC holds above $100,000, the upward trend is likely to continue, with potential resistance around $110,000. Conversely, if BTC falls below this support level, it may enter a consolidation phase between $94,000 and $99,000.

In summary, while short-term fluctuations are possible, the prevailing sentiment supports a weekly close near or above $108,000, barring any significant market disruptions.