Quick Technical Analysis of Bitcoin (BTC) - May 13, 2025
Current Price: $103,671
Today's High: $104,320
Today's Low: $101,065
Daily Change: -0.62%
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Overall Trend:
Bitcoin maintains its positive momentum after surpassing the $100,000 barrier, and technical indicators suggest the possibility of continued upward movement.
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Important Levels:
• Main Support: $100,000
• Next Resistance: $107,000
• In case of a breakout: we could see a target of $110,000
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Technical Indicators:
• RSI: Shows strong buying momentum
• Moving Averages: Support the upward trend in the short and medium term
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Note:
Despite the overall positivity, the chances of correction remain possible. Make sure to monitor economic data and set stop-loss levels accurately
