$BTC

Technical Analysis of Bitcoin – Dated May 12, 2025

Current Price:

Price: Approximately $103,010

Change in 24 Hours: Up by 0.15%

Market Capitalization: Approximately $2.05 Trillion

Daily Trading Volume: Approximately $50.38 Billion

Technical Analysis:

Overall Trend: Bullish in the short and medium term

Moving Averages (MA 50 and MA 200): Indicate strong buy signals

Relative Strength Index (RSI): Indicates a level of 76.75, suggesting overbought conditions

MACD Indicator: Gives a positive signal at 3897.66, supporting the continuation of the upward trend

Support and Resistance Levels:

Main Support: $96,000

First Resistance: $105,000

Second Resistance: $108,957

Influencing Factors:

Geopolitical tensions between the United States and China have started to ease, supporting the markets overall

The "Fear and Greed" index indicates a greed zone (Level 70), reflecting investor optimism

Technical Recommendation:

It is recommended to maintain long positions and monitor the breakout of the $105,000 level

Caution against a correction if the price fails to surpass the second resistance