The current Bitcoin price is approximately $103,737, and it may not significantly rise in the short term, but it could rebound around $103,500.

Based on neutral technical analysis, today's price may remain stable or slightly decrease, with a possible rebound in the coming days.

Current Price and Trend

As of May 31, 2025, 01:04 MDT, the Bitcoin price is approximately $103,737, which has decreased by about 0.29% in the past 24 hours. Recent price trends show a decline, dropping from about $105,835 to the current level within 1 day.

Potential Rebound Price

Technical analysis indicates that if the price continues to decline, it may find support and rebound at around $103,500. This observation is based on recent historical lows. If it falls below this level, the next support may be around $102,000, but the likelihood is currently low.

Market Outlook

Although short-term technical analysis shows neutrality, the technical ratings for 1 week and 1 month are 'Buy' and 'Strong Buy,' respectively, indicating a bullish outlook in the medium term. Long-term forecasts suggest that Bitcoin could reach $125,000 or higher by the end of 2025, but this does not directly affect today's price.

Detailed Report

Introduction

This article explores whether Bitcoin will rise on the day based on real-time market data and technical analysis as of May 31, 2025, 01:04 MDT, and the potential rebound prices. Bitcoin is a highly volatile cryptocurrency whose price is influenced by various factors, including market sentiment, technical indicators, and macroeconomic trends. This report aims to provide users with comprehensive insights covering current prices, recent trends, potential support levels, and market outlook.

Current Market Overview

According to reliable data sources, the current Bitcoin price is $103,737, which has decreased by 0.29% in the past 24 hours. The performance over 1 week is -6.18%, 1 month is +11.19%, and 1 year is +51.77%. The market capitalization is approximately $2.06 trillion, and the 24-hour trading volume is $5.854 billion. These indicators show that Bitcoin is under pressure in the short term, but the long-term trend remains positive.