$BTC Update Bitcoin Price Today — May 16, 2025

#BitcoinUpdate #BTCNews #CryptoToday

The current price of Bitcoin (BTC) is around $103,845, experiencing an increase of about 0.38% from the previous closing.

📈 Movement Data:

Highest Price Today: $104,104

Lowest Price Today: $101,760

Last 24 Hour Movement: +0.38%

🔍 Brief Analysis: After reaching a local peak around $105,700, BTC is currently showing a consolidation pattern with a narrowing triangle formation, indicating a potential breakout in the near future.

📰 Latest News:

Steak 'n Shake, a fast-food restaurant chain in the US, has started accepting payments in Bitcoin starting today, May 16, 2025.