$BTC

As of May 12, 2025, Bitcoin (BTC) is trading at approximately $104,288, reflecting a 0.44% increase from the previous close. The intraday high reached $105,525, while the low was $103,719.

This upward momentum is attributed to easing global trade tensions and increased institutional interest. Notably, Bitcoin has rebounded nearly 40% from its April lows, outperforming traditional assets like the S&P 500 and gold during the same period.

Technical indicators suggest bullish momentum, with the Relative Strength Index (RSI) above 70, indicating potential short-term overbought conditions. Analysts point to resistance near $107,000 and a projected upside target around $120,000 if the rally continues.