$BTC As of May 12, 2025, Bitcoin (BTC) is trading around $104,000 on Binance, maintaining a strong bullish trend. Here's an updated analysis and target projection based on current market conditions:

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๐Ÿ” Technical Overview

Current Price: Approximately $104,000

Support Levels:

**$102,268**: A critical support zone; maintaining above this level sustains the bullish outlook.

**$100,000**: Psychological support and a significant round-number level.

Resistance Levels:

**$104,325**: Immediate resistance; a break above could signal further upside.

**$106,152**: Next resistance level; surpassing this could confirm continued bullish momentum.

Technical Indicators:

Relative Strength Index (RSI): Standing at 58, indicating neither overbought nor oversold conditions but leaning toward bullish momentum.

Moving Average Convergence Divergence (MACD): Showing a bullish crossover on the 4-hour chart, suggesting short-term upward pressure.

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๐ŸŽฏ Price Targets

Short-Term (1โ€“2 weeks):

Target: $108,000โ€“$110,000

Rationale: Testing and potentially breaking above immediate resistance levels.

Medium-Term (Q2 2025):

Target: $120,000

Rationale: Standard Chartered suggests this may be a conservative estimate, considering strong ETF inflows and market momentum.

Long-Term (End of 2025):

Target: $150,000โ€“$200,000

Rationale: Analysts like PlanB and institutions such as ARK Invest anticipate significant growth driven by institutional adoption and macroeconomic factors.

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โš ๏ธ Considerations

Market Volatility: Bitcoin's price can experience significant fluctuations; it's essential to manage risk appropriately.

Economic Indicators: Monitor macroeconomic factors and regulatory developments that could impact market sentiment.

Technical Signals: Watch for confirmations of breakouts or breakdowns at key support and resistance levels.

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If you have a specific investment horizon or risk tolerance, feel free to provide more details for a tailored strategy.