$BTC Detailed Technical Analysis of Bitcoin (BTC) Today – Tuesday, May 13, 2025
1. Current Price and Volatility:
Current Price: Approximately $102,300.
Bitcoin experienced a slight decline due to profit-taking ahead of the release of U.S. inflation data.
2. Support and Resistance:
Main Support: $97,000.
First Resistance: $104,000.
In the case of a positive break of resistance, the next target is: $108,000.
3. Technical Indicators:
Moving averages show a convergence between the short-term and long-term averages, indicating the possibility of a strong movement ahead.
Trading volumes are high in support areas, reflecting a phase of accumulation.
4. Influencing Factors:
Investors are awaiting U.S. inflation data.
The impact of global news, such as trade tensions between the U.S. and China.
Continued interest from financial institutions in investing in Bitcoin.
5. Forecasts:
Positive Scenario: Breaking $104,000 could push the price towards $110,000+.
Negative Scenario: Breaking $97,000 downwards could lead to a decline towards $93,000.
