On Friday, May 23, 2025, the price of Bitcoin (BTC) shows strong performance, currently trading near $110,000, after reaching its all-time high of $112,509.65 on May 22.

๐Ÿ“ˆ Current Situation: Is Bitcoin on the rise or decline?

Despite a slight correction of 1.01% today, the overall trend remains upward. Technical indicators show that Bitcoin is maintaining a strong support level above $100,000, indicating continued positive momentum.

๐Ÿ” Factors Influencing the Rise

1. Increased Institutional Demand: Bitcoin exchange-traded funds have seen inflows exceeding $4 billion in May, reflecting growing interest from financial institutions.

2. Regulatory Support in the United States: The Trump administration announced the creation of a "Strategic Bitcoin Reserve," enhancing the digital currency's status as a reserve asset and boosting investor confidence.

3. Global Economic Environment: Amid fluctuations in traditional markets, investors are turning to Bitcoin as a safe haven, supporting its price increase.

๐Ÿ”ฎ Future Predictions

Predictions suggest that Bitcoin may reach levels between $110,000 and $115,000 before the end of May, with the potential to test the $120,000 level if the current momentum continues.