#TradeLessons $BTC #bitcoin #Bitcoinhaving
On May 13, 2025, Bitcoin ($BTC ) is trading at approximately $103,510, experiencing a slight decline of 0.96% over the past 24 hours. The day's trading range has seen a high of $104,546 and a low of $101,065.
The recent dip in $BTC price is attributed to investor caution ahead of the upcoming U.S. Consumer Price Index (CPI) report. Concerns about potential inflationary pressures have led to a temporary pullback in the crypto market.
In Arizona, Governor Katie Hobbs vetoed two cryptocurrency-related bills aimed at expanding the state's involvement in digital assets. The governor also initiated a crackdown on Bitcoin ATMs, citing concerns over regulatory oversight.
Despite the current price dip, analysts remain optimistic about Bitcoin's long-term prospects. Technical indicators suggest a bullish pattern that could propel Bitcoin's price to new highs in the coming months.
Additionally, on-chain data reveals that Bitcoin's illiquid supply has reached 14 million BTC, indicating that a significant portion of the cryptocurrency is held in wallets with minimal selling history. This trend suggests a strong holding sentiment among investors, potentially setting the stage for future price appreciation.
In summary, while Bitcoin faces short-term volatility due to macroeconomic factors and regulatory developments, underlying on-chain metrics and institutional adoption continue to support a bullish long-term outlook.
