$BTC It seems that Bitcoin is having an interesting day! Here is a summary of the updates from May 12, 2025:

Price Movements:

Bitcoin is trading around $104,000 to $104,116. In reais, this is approximately R$ 594,072.97.

It is approaching its previous record of $109,000.

In the last 24 hours, Bitcoin saw a slight decline of about 0.1% to 0.39%.

However, it has accumulated a significant gain of about 10.7% to 11.40% over the past seven days.

There is optimism that Bitcoin may test the $105,000 level and potentially reach targets of $124,000 to $126,000 in the coming weeks.

Technical analysis suggests a medium to long-term upward trend, with increasing investor optimism. Bitcoin is currently testing resistance around $105,500.

The major moving averages are sloping upwards, indicating short-term strength.

The Relative Strength Index (RSI) indicates overbought conditions, but the upward trend may continue with strong volume.

Market Factors and News:

A pause in the trade war between the US and China is cited as a positive catalyst, boosting market sentiment.

Cryptocurrency investment funds have recorded positive balances for the fourth consecutive week, following Bitcoin's rise above $100,000 and Ethereum's 40% increase.

The company Strategy reportedly bought a significant amount of Bitcoin (about 13,390 BTC) in early May, signaling institutional interest.

The total market capitalization of cryptocurrencies reached $3.36 trillion, an increase of 2.7%.

Some analysts believe that the current market behavior suggests a new phase of broader appreciation in the cryptocurrency market.

Search interest for "Bitcoin" on Google Trends is relatively low compared to previous price increases, suggesting that the current rally may be driven more by institutional investors than by retail.