$BTC As of May 14, 2025, Bitcoin (BTC) is trading at approximately $103,576, reflecting a modest daily gain of 1.3%. This uptick follows a recent peak of $105,500, driven by positive market sentiment stemming from the U.S.-China agreement to reduce tariffs.

Analysts suggest that Bitcoin's price could ascend further, with projections ranging between $110,000 and $120,000, bolstered by substantial inflows into spot Bitcoin ETFs and increased institutional interest. However, short-term resistance is noted around the $95,000 level, indicating potential consolidation before any significant upward movement.

On-chain metrics reveal a resurgence in demand, marking a positive shift since late February. Additionally, technical analyses, including Elliott Wave patterns, suggest the possibility of a rally towards $176,000, contingent on favorable market conditions.

While the current outlook for Bitcoin appears optimistic, investors should remain vigilant of macroeconomic factors and market volatility that could influence price trajectories.