#BTC/USDT🔥

Today May 13, 2025, Bitcoin (BTC/USDT) is trading around $102,000, experiencing a slight decline of approximately 1.85%. Here's the latest 4-hour chart analysis, focusing on key support and resistance levels, along with pertinent technical indicators.

📊 Technical Indicators

Exponential Moving Averages (EMAs):

EMA 30: Price is above this short-term EMA, indicating bullish momentum.

EMA 50: Price remains above this medium-term EMA, reinforcing the bullish trend.

EMA 100: Price is also above this long-term EMA, confirming sustained upward movement.

Relative Strength Index (RSI 14): Currently around 62, suggesting that BTC is approaching overbought territory but still has room for further upside.

🔍 Key Support and Resistance Levels

Support Levels:

$97,100 – $96,000: Identified as a strong support zone, aligning with previous consolidation areas.

$92,000 – $93,000: A new support level forming after the recent rally, potentially acting as a bullish support.

$86,000 – $88,000: Marked as a strong accumulation area, aligning with the EMA 200.

Resistance Levels:

$105,000 – $107,000: This range aligns with prior highs in the descending channel and could act as significant resistance.

$109,000: The all-time high reached in late January 2025; a breakout above this level could signal a continuation of the bullish trend.

$120,000: Projected as a potential upside target if the rally continues, based on bars pattern analysis.

🧠 Market Sentiment

Recent inflows into Bitcoin spot ETFs and increased network activity indicate strong institutional interest and user engagement.

Bullish Scenario: If Bitcoin maintains support above $100,000 and breaks through the $105,000–$107,000 resistance range, it could retest the all-time high at $109,000 and potentially reach $120,000.

Bearish Scenario: Failure to hold the $100,000 support could lead to a decline toward the $97,100–$96,000 support zone or even lower to the $92,000–$93,000 area.