Hey Guys,
$BTC /USDT Technical Analysis – 13 May 2025
Current Price: $103,378.38
24h Change: -0.88%
24h High / Low: $104,345.62 / $100,718.37
Volume (24h): 24,830 BTC / 2.55B USDT
Chart Indicators:
1. EMA Crossover Strengthening:
EMA(7): 103,392.68
EMA(25): 103,123.17
EMA(99): 102,765.09
$BTC is currently above all major EMAs, indicating short-term bullish strength. However, the price has slightly dipped below EMA(7), suggesting a small retracement or profit booking phase.
2. MACD Momentum:
MACD: 175.80
DEA: -93.38
A strong bullish crossover has occurred. The rising green histogram bars confirm growing momentum. Traders may look for continuation if the MACD line stays above the signal line.
3. RSI Cooling Down:
RSI(6): 55.97
The RSI has pulled back slightly from higher levels, signaling neutral-to-bullish sentiment. No overbought signals yet, suggesting room for upward movement.
4. Price Rejection at $103,966: BTC faced resistance near $104K and is currently testing support near $103,375. A clean break above $104,000 could open the door to a retest of previous highs.
