As of May 30, 2025, Bitcoin ($BTC ) is trading at approximately $105,658, reflecting a 2.6% decline over the past 24 hours. This downturn follows a brief dip below the $105,000 mark, amid broader market uncertainties and passive bullish sentiment.

Despite the recent pullback, Bitcoin's fundamentals remain robust. Notably, BTC exchange reserves have hit an all-time low, suggesting a potential supply shock as more investors opt for long-term holding strategies. Additionally, whale accumulation and exchange outflows indicate sustained confidence among large holders.

Looking ahead, analysts maintain a bullish outlook. Standard Chartered has raised its year-end BTC forecast to $150,000, citing increased institutional adoption and favorable regulatory developments. Similarly, CryptoQuant predicts that Bitcoin could reach between $145,000 and $249,000 in 2025, driven by significant capital inflows and macroeconomic factors.

For traders and investors, the current price action presents both challenges and opportunities. Monitoring key support levels and staying informed about market trends will be crucial in navigating the evolving landscape.