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May 12, 2025 Bitcoin (BTC) trend analysis

Today's Bitcoin trend needs to be assessed in conjunction with the recent overall situation. Previously, Standard Chartered Bank predicted a breakthrough of $120,000 in the second quarter, reaching $200,000 by the end of the year, which has heightened bullish sentiment in the market. According to news from May 10, due to favorable macro events, BTC once led other cryptocurrencies in a surge, but due to low liquidity over the weekend, the daily line closed with a small bearish doji, and some short-term funds fled, resulting in weakened upward momentum on the 8-hour chart. Unless there are new significant news stimuli today, it is highly likely to maintain high-level fluctuations, and attention should be paid to whether it can break through key resistance levels to determine if a new round of upward momentum will begin.