$BTC đ #BTCUSDT Update: Bitcoin Reclaims $100K Amid Bullish Momentum
Bitcoin ($BTCUSDT) has surged past the $100,000 mark once again, trading around $103,500 as of May 13, 2025. This resurgence follows a period of volatility, with Bitcoin previously dipping below $80,000 in April. The recent rally is attributed to renewed investor confidence, bolstered by positive developments such as preliminary U.S.-U.K. trade agreements and supportive regulatory signals from states like Arizona and New Hampshire .
Technical analysis indicates a strong bullish trend. Key resistance levels are identified at $105,529 and $106,271, with potential targets extending to $107,615 if momentum continues . However, caution is advised as momentum indicators suggest potential for short-term corrections.
Looking ahead, forecasts predict Bitcoin could reach $114,187 by May 14, 2025, reflecting a 9.5% increase from current levels . Market sentiment remains optimistic, with the Fear & Greed Index indicating a "Greed" level at 70.
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