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 among different platforms, with some recording around $102,876 in the last update on May 13.
Recent price movements:
* Over the past 24 hours, the price of Bitcoin increased by between 0.45% and 1.77% depending on the platform.
* The market experienced minor fluctuations, trading between approximately $103,005 and $104,985 over the past 24 hours.
Market Analysis:
* Technical analysis indicates generally bullish sentiment in the short, medium, and long term.
* The 50-day moving average is trending upwards, indicating a strong bullish trend in the short term.
* The 200-day moving average has been trending upwards since May 9, 2025, indicating a strong bullish trend in the long term.
* The Relative Strength Index (RSI) shows upward momentum.
* The Fear and Greed Index indicates a 'greed' level at 70, reflecting positive sentiment in the market.
Latest developments and news:
* Important announcement for Pi Network: Pi Network is expected to release an important announcement related to its ecosystem today, May 14, 2025, sparking interest among investors in the cryptocurrency market in general.
* Significant inflows from Coinbase: Coinbase witnessed a significant inflow of Bitcoin worth $1 billion, amid increased institutional demand.
* USDC trading campaign on KuCoin: KuCoin announced a trading campaign for the USDC spot pair with a prize pool of $100,000, starting today and continuing until May 28, 2025.
* Bitcoin treasury strategy of Semler Scientific: The Q1 2025 presentation slides for Semler Scientific heavily focus on the company's strategy regarding Bitcoin treasury.
* Price forecasts: Predictions for 2025 vary widely, with some suggesting the potential to reach levels between $135,000 and $225,000 or even higher, driven by factors such as ETF inflows, Trump’s pro-cryptocurrency policies, and the effects of Bitcoin halving.
Please note: The cryptocurrency market is highly 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.
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