Current price:
* The price of Bitcoin is currently trading around $104,627 (according to OKX).
* In India, it is approximately 8,881,607 Indian Rupees (as of May 13, 2025).
* There is slight price variation between different platforms, with some recording around $102,876 in the latest update on May 13.
Recent price movements:
* Over the past 24 hours, the price of Bitcoin has increased by between 0.45% and 1.77% depending on the platform.
* The market has seen minor fluctuations, trading between approximately $103,005 and $104,985 over the past 24 hours.
Market Analysis:
* Technical analyses indicate generally bullish sentiment in the short, medium, and long term.
* The 50-day moving average is rising, indicating a strong short-term upward trend.
* The 200-day moving average has been rising since May 9, 2025, indicating a strong long-term upward trend.
* The Relative Strength Index (RSI) shows upward momentum.
* The Fear and Greed Index indicates a "Greed" level at 70, reflecting positive market sentiment.
Latest developments and news:
* Important announcement for Pi Network: Pi Network is expected to make an important announcement regarding its ecosystem today, May 14, 2025, which is generating interest among investors in the cryptocurrency market in general.
* Significant inflows from Coinbase: Coinbase has seen a significant inflow of Bitcoin worth $1 billion, amid increased institutional demand.
* USDC trading campaign on KuCoin: KuCoin has announced a trading campaign for the USDC spot pair with a prize pool of $100,000, starting today and running until May 28, 2025.
* Semler Scientific's Bitcoin Treasury Strategy: Semler Scientific's first-quarter 2025 presentation slides heavily focus on the company's strategy regarding Bitcoin Treasury.
* Price predictions: Predictions for 2025 vary widely, with some indicating the possibility of reaching levels between $135,000 and $225,000 or even higher, driven by factors such as ETF inflows, Trump’s pro-crypto policies, and the effects of Bitcoin halving.
Please note: The cryptocurrency market is extremely volatile, and this information is for informational purposes only and does not constitute investment advice. It is essential to conduct your own research before making any investment decisions.
