$BTC

BTC Update – May 13, 2025**

After breaking the descending wedge formation, Bitcoin has come very close to reaching its technical target when it surpassed the 105K threshold. However, at the moment we are experiencing a minor correction phase. If BTC continues to decline, the first likely reversal area is in the range of **98.7K and 97.5K**. This area can act as support and trigger a rebound.

For BTC to maintain its upward momentum and aim for a new all-time high (ATH), it must **recapture the 105K level** with strong conviction. Its failure to reclaim this level will cause a temporary weakening of the bullish momentum.

From a broader market perspective, **USDT.D (USDT dominance)** is currently in a indecisive zone at the **4.6%** level. Below **4.4%**, it would confirm a stronger move towards altcoins. But before that can happen, we can expect a **deviation movement above 4.75%** that would cause indecision in the market in the short term.