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#BTC
As of May 12, 2025, Bitcoin (BTC) is trading at approximately $103,967, experiencing a slight decline of about 0.16% over the past 24 hours. The day's trading range has seen a high of $104,923 and a low of $103,445.
Notably, Bitcoin recently surpassed the $105,000 mark, indicating strong bullish momentum in the market.
The recent upward trend in Bitcoin's price is attributed to increased institutional demand and the introduction of Bitcoin ETFs, which have boosted capital inflows and reduced the available supply on exchanges.
Looking ahead, if Bitcoin maintains its position above the $100,000 support level, it could potentially target the next resistance levels around $110,000. However, a drop below $100,000 might lead to a short-term correction, possibly testing support near $97,000.
#Will BTC Hit a New ATH?