Bitcoin Price Analysis (May 13, 2025)

Bitcoin (BTC) is currently trading at $103,791 USD, up 0.97% today and 7.21% over the past week, as seen in the provided TradingView chart. The 1-week candlestick chart shows a steady uptrend from $96,000 on May 8 to the current price, with a brief peak near $104,000. This follows Bitcoin reclaiming the $100,000 level on May 8, a milestone not seen since February 2025, driven by optimism from a U.S.-UK trade deal and broader pro-crypto sentiment under the Trump administration.

Recent news highlights several factors fueling this rally. A trade agreement between the U.S. and UK, announced on May 8, has eased concerns about global trade tensions, boosting investor confidence. Additionally, comments from President Trump about potential tariff reductions with China have further supported risk-on assets like Bitcoin. Institutional interest is also strong—U.S. spot Bitcoin ETFs held 1.175M BTC as of May 9, close to an all-time high, signaling renewed demand. Analysts are optimistic, with some projecting Bitcoin could hit $120,000-$130,000 by June or July, while others see a more conservative target of $112,000-$115,000 for May, based on technical patterns like the bull flag and Fibonacci retracement levels.

However, there are signs of caution. Bitcoin faced a sharp rejection at its all-time high BTC/SPX ratio recently, as noted in posts on X, suggesting potential resistance. On May 12, Bitcoin briefly dipped by 1.37%, testing support at $102,563, and some analysts warn of consolidation if fresh inflows slow. The all-time high of $109,356 remains a key resistance level; breaking it could propel Bitcoin to new highs, but failure might lead to a pullback toward the $100,000 support zone

🚀 #Bitcoin Tip (May 13, 2025): BTC is at $103,791, up 7.21% this week! 📈 Strong momentum with institutional buying & pro-crypto policies driving the rally. Watch for resistance at $109,356 (ATH). Tip: Consider a stop-loss near $100K support if trading short-term, as consolidation may loom if inflows weaken. #Crypto #Investing