$BTC

On Monday, May 12, 2025, Bitcoin (BTC) experienced notable fluctuations on the Binance platform, with prices ranging between $102,430 and $105,747 over the past 24 hours. At 14:29 UTC, Bitcoin was trading at $102,727, marking a decrease of 1.13% over 24 hours.

Despite this decline, the overall outlook remains positive, as Bitcoin has risen by 8.98% over the past week, indicating continued upward momentum.

Among the influencing market factors, Michael Saylor's "Strategy" company added 13,390 Bitcoin to its portfolio, with a total value of $1.34 billion, raising its total holdings to over 568,000 BTC.

Additionally, renowned analyst PlanB predicted that Bitcoin would enter a bullish phase lasting at least four months, based on the current Relative Strength Index (RSI) of 69, with the potential to exceed 80, which could lead to monthly increases of more than 40%.

Binance CEO Richard Teng also noted that the increasing institutional adoption of Bitcoin will bolster its status as "digital gold," supporting the market's upward trend.

Regarding significant movements, Binance observed a withdrawal of 500 Bitcoin (approximately $50 million) from a new wallet, indicating increased activity from "whales" and potentially supporting upward momentum.