As of May 13, 2025, Bitcoin (BTC) is trading at approximately $101,752 USD, reflecting a slight decline from the previous day's close. In Pakistani Rupees (PKR), this equates to around ₨28.6 million per BTC.
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📉 Market Overview
24-Hour Change: -1.7%
7-Day Performance: +7.5%
Market Cap: ~$2 Trillion USD
24-Hour Trading Volume: ~$35 Billion USD
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🔍 Technical Analysis
Support Levels: $100,000 USD / ₨28 million PKR
Resistance Levels: $105,000 - $106,000 USD / ₨29.5 million PKR
Trend: Short-term consolidation after recent highs
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📈 Recent Developments
Bitcoin recently surpassed the $100,000 mark, reaching a high of approximately $106,000 before facing resistance.
The market experienced significant liquidations totaling over $713 million in the past 24 hours, indicating heightened volatility.
Institutional interest remains strong, with companies like Semler Scientific expanding their Bitcoin holdings.
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📊 Investment Signals (Not Financial Advice)
Bullish Scenario: Sustained trading above $100,000 could pave the way for testing the $110,000 resistance level.
Bearish Scenario: A drop below $98,000 may signal a potential correction towards the $95,000 support zone.
Neutral Outlook: Consolidation between $100,000 and $105,000 as the market digests recent gains.
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📌 Summary
Bitcoin is currently in a consolidation phase after reaching new highs. Investors should monitor key support and resistance levels, as well as market sentiment indicators, to gauge potential future movements. Staying informed about macroeconomic factors and institutional activities can provide additional insights into Bitcoin's trajectory.
$BTC
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