Today, May 20, 2025, Bitcoin maintains an upward trend with a price exceeding *105,000 USD*, reflecting sustained growth in recent weeks⁽¹⁾. Volatility remains present, but technical indicators show *solid momentum*, with BTC trading above its key moving averages.

Trading volume has significantly increased, suggesting strong institutional interest and a possible consolidation before new movements⁽²⁾. However, the proximity to all-time highs could generate short-term corrections.

On-chain metrics indicate *low risk of capitulation*, reinforcing the perception of stability in the market⁽³⁾. On a technical level, Bollinger Bands and the MACD suggest a possible pullback, although the overall trend remains positive.

For short-term investors, caution is key in light of potential corrections. For long-term profiles, gradual accumulation could be a viable strategy, considering institutional strength and global interest in BTC.

In summary, Bitcoin remains in a growth phase, but with potential adjustments in the short term. The key will be to monitor liquidity and resistance levels to assess upcoming movements.