Analysis of Bitcoin (BTC) during the week from May 11 to May 17, 2025.
Forecasts indicate that the price of Bitcoin will continue to trade above the $100,000 barrier, with the potential for further gains if the upward momentum persists.
🔍 Market Overview
Current Price: Bitcoin is currently trading at around $103,000, having crossed the $100,000 barrier for the first time since February 2025.
Technical Support: The $100,000 level is considered strong support and is expected to limit any short-term pullbacks.
Technical Resistance: Analyses indicate resistance at levels of $107,000, with the possibility of reaching $110,000 if the upward momentum continues.
📊 Daily Forecasts (May 11–17)
Date Expected Price (Average) Expected Price Range
May 11 $92,711 $88,860 – $96,265
May 12 $91,720 $88,860 – $95,339
May 13 $90,647 $88,798 – $92,460
May 14 $90,574 $88,727 – $92,348
May 15 $90,619 $87,821 – $93,253
May 16 $91,616 $88,787 – $94,279
May 17 $90,673 $87,872 – $93,364
🧠 Influencing Factors
Institutional Investments: Last week saw significant investments from companies like MicroStrategy and Metaplanet, purchasing over $1.5 billion worth of Bitcoin.
Technical Momentum: Technical indicators suggest the continuation of the upward trend, with the potential for Bitcoin to achieve new record levels.
