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As of May 21, 2025, Bitcoin (BTC) is trading at approximately $106,573, reflecting a 1.2% increase over the previous close. The cryptocurrency reached an intraday high of $107,844 and a low of $104,350.

📈 Market Overview

Bitcoin recently achieved a record daily close at $106,830, driven by significant inflows into U.S. spot Bitcoin ETFs and growing concerns over fiscal stability in major economies. The Coinbase Premium Index remains positive, indicating strong buying pressure from U.S.-based investors.

Institutional interest continues to surge, with U.S. spot Bitcoin ETFs attracting over $3.3 billion in inflows since early May. Companies like MicroStrategy and Metaplanet have collectively added nearly $850 million in BTC holdings.

🔮 Price Predictions

Analysts suggest that Bitcoin could reach $116,000 in the near term, with some projections extending to $118,000. A significant number of short positions at the $110,000 level could lead to a short squeeze, potentially accelerating price gains.

🌐 Global Developments

The U.S. government's establishment of a Strategic Bitcoin Reserve, as per an executive order signed by President Trump in March 2025, has further bolstered investor confidence. This move aligns with a global trend of increasing national interest in Bitcoin as a reserve asset.

📊 Summary

Current Price: ~$106,573

24h Range: $104,350 – $107,844

Record Daily Close: $106,830

Next Resistance Level: $110,000

Short-Term Price Targets: $116,000 – $118,000

Bitcoin's upward trajectory is supported by robust institutional demand, favorable macroeconomic factors, and strategic governmental initiatives. However, investors should remain vigilant, as the market approaches key resistance levels that could influence future price movements.