Current Price & Trend: As of mid-May 2025, $BTC is trading around $103,900, showing a 1.5% gain despite some ETF outflows. After a volatile start to the year and a sharp Q1 drawdown to $74,000, BTC rebounded strongly and is now consolidating above the $100,000 support zone. The $100K level is seen as a key psychological and technical support.

Market Sentiment: Bitcoin has regained strong bullish momentum, with analysts noting resilience and renewed institutional interest, especially after the launch of spot Bitcoin ETFs in the US. On-chain metrics suggest a possible "double top" pattern similar to 2021, but overall sentiment remains positive.

Short-Term Forecast: For May 2025, price predictions range from $105,000 to $108,000, with potential for a move above $110,000 if momentum continues. Dips toward $99,000–$97,000 are expected to attract buyers. Technical resistance is seen at $104,000 and $108,000–$109,000, with strong support at $90,000–$92,000.

Long-Term Outlook: By late 2026, forecasts suggest $BTC could range between $95,000 and $135,000, depending on regulatory clarity and macroeconomic factors. By 2027 and beyond, as adoption grows and traditional finance integrates more crypto services, some analysts predict BTC could reach $200,000–$300,000.

Key Drivers:

Institutional adoption (especially ETFs)

Macro trends (inflation, interest rates)

Regulatory developments

Bitcoin’s fixed supply and post-halving dynamics

Summary: $BTC is currently consolidating above $100,000, with bullish momentum and strong support from institutional flows. Short-term targets are $105,000–$108,000; a breakout above $110,000 could signal further gains. Long-term, forecasts remain bullish, with potential for significant upside if adoption and regulatory clarity continue to improve.