Is the Bitcoin market at its peak or is it just a temporary pullback?
BTC Analysis: Daily chart for May 14, 2025
The major coin has ultimately chosen to consolidate at a higher level again, rebounding from a low around 100,600 yesterday and charging up to a high near 105,000. Currently, the price is experiencing another decline and is fluctuating around 103,500.
In terms of trends:
In the smaller timeframe charts, effective resistance is seen near 104,800. Once again testing the upward movement, it is still blocked at that position. Therefore, the next short-term focus should remain on that level, while effective support can be watched near 101,800 below. This is also the range of the current high-level consolidation, with a short-term focus on the breakout situation of that range. If the major coin maintains continuous fluctuations, then altcoins will likely see further gains!
