As of May 12, 2025, $Bitcoin ($BTC ) is trading at approximately $104,446, reflecting a modest gain of 0.1% over the past 24 hours. The cryptocurrency briefly spiked to $105,500 following the announcement of a U.S.-China tariff reduction deal, which eased global trade tensions and bolstered investor confidence.

Over the past week, $BTC has experienced a notable 10% increase, driven by improved global trade sentiment and renewed investor interest in riskier assets.

Analysts suggest that if $Bitcoin maintains its position above key resistance levels, it could test its all-time high again. However, caution is advised as momentum indicators show weaker strength compared to earlier highs.

For a visual representation of $Bitcoin's recent performance, here's a price

chart

Note: The chart above illustrates $Bitcoin's price movements and key support resistance levels as of May 2025.

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