$BTC As of May 13, 2025, the price of Bitcoin (BTC) is around $103,619, showing a growth of 1.05% over the past day.
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📊 Technical analysis of BTC
• Current price: $103,619
• Daily range: $101,065 – $103,803
• Key support: $100,000
• Nearest resistance: $107,000
BTC recently reached a level of $105,000 but then corrected to current values. This decline is related to the anticipation of the release of consumer price index (CPI) data in the US and regulatory news from Arizona, where the governor rejected bills related to cryptocurrencies.
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🔮 Forecasts and prospects
• Short-term forecast: Analysts note that BTC may continue to rise if it stays above the support level of $100,000. Breaking resistance at $107,000 could pave the way to new highs.
• Long-term forecast: According to Elliott's analysis, BTC may reach a level of $176,000 within the current bullish cycle.
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🧭 Conclusion
Bitcoin shows resilience despite short-term fluctuations and maintains the potential for further growth. Investors are advised to monitor key support and resistance levels, as well as macroeconomic news that may impact market dynamics.
