#BTC Here's today's Bitcoin update:

*Current Price*: Bitcoin is trading at $103,767.97, with a 0.28% decrease from the previous day. Another source indicates a price of $103,489.00 with a 0.63% increase.

*Market Performance*:

- *Market Cap*: $2.05 trillion - $2.08 trillion

- *24-hour Trading Volume*: $28.42 billion - $35.73 billion

- *Circulating Supply*: 19.86 million BTC

*Price Range*:

- *24-hour Low*: $102,602.05 - $102,604.23

- *24-hour High*: $104,356.95 - $104,332.10

*Recent Trends*:

- Bitcoin is likely consolidating before its next upward push, with traders expecting new highs before the end of May.

- Steady capital inflows and bullish technical data support Bitcoin hitting new highs.

- The cryptocurrency market is experiencing increased demand, with Bitcoin's price surging above $104,000 after a cooling inflation rate of 2.3% in the US ¹ ² ³.

*Future Outlook*:

- Bitcoin is targeting $110,000 as strong RSI, bullish derivatives positioning, and rising spot demand support the current uptrend.

- Analysts predict a continued advance for Bitcoin, with attention turning to upcoming comments from Federal Reserve Chair Jerome Powell and the release of FOMC minutes ³.$BTC