As of May 13, 2025, Bitcoin ($BTC C) is trading at $102,620, reflecting a 2.43% decline from the previous close. The intraday high reached $105,525, while the low dipped to $101,065.

📉 Market Overview

Bitcoin has experienced a pullback after its recent surge above $105,000. Analysts attribute this correction to profit-taking by traders ahead of the upcoming U.S. Consumer Price Index (CPI) data release, which could influence future Federal Reserve interest rate decisions. @EconomicTimes

Despite the short-term decline, institutional interest remains strong. Notably, BlackRock's iShares Bitcoin Trust ETF (IBIT) recorded an inflow of $321 million in early May, indicating sustained confidence in Bitcoin's long-term prospects. Pintu

🔍 Technical Analysis

Bitcoin's recent rally from sub-$90,000 levels has encountered resistance between $104,000 and $106,000, a zone marked by multiple historical rejections. Technical indicators suggest a potential pause in momentum, with the Relative Strength Index (RSI) hovering around 47.5 and the MACD histogram narrowing near the zero line. CryptoRank

Analysts are closely monitoring the $100,000 support level. A sustained move below this threshold could signal further downside, while a rebound may pave the way for a retest of the $105,000 resistance zone.