$BTC

As of May 12, 2025, Bitcoin (BTC) is trading at approximately $102,948, reflecting a slight decline of 0.01% from the previous close. Earlier in the day, BTC peaked at $105,525 before retracing gains, indicating potential resistance around the $105,000 level. This pullback follows a recent surge fueled by optimism over the U.S.-China trade agreement, which had initially propelled BTC above $105,000. Despite the retracement, Bitcoin maintains a bullish trend, trading above its 50-day and 100-day moving averages, and exhibiting a 'golden cross' pattern since mid-April, suggesting continued upward momentum. However, the Relative Strength Index (RSI) indicates overbought conditions, signaling the possibility of short-term corrections. Analysts project that if BTC sustains support above $100,000, it could target new highs, potentially reaching $120,000 in the coming months.