Suresh108

As of May 16, 2025, Bitcoin (BTC) is trading around $101,750 to $104,303.57, with a market cap of approximately $2.06 trillion. It’s down slightly by 0.59% today, reflecting some profit-taking ahead of US inflation data. Despite this, the short-term outlook remains bullish, supported by strong institutional interest, with corporations adding 157K BTC ($16B) in 2025, outpacing ETF and retail buyers. Technical indicators show a bullish trend, with the 50-day and 200-day moving averages rising and the RSI at 69.59, indicating neutral momentum However, some analysts predict a possible dip to $99,500, where support is expected. Posts on X highlight Bitcoin rebounding to $104K, with volatility noted due to upcoming economic data. $BTC

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