$BTC

Bitcoin (BTC) Performance This Week and Predictions for Next Week

Bitcoin (BTC) has shown strong performance over the past week, rising by nearly 10%, surpassing the $105,000 mark on May 12, 2025, its highest level since the beginning of the year. However, it later retreated to around $103,000 due to profit-taking and heightened anticipation of U.S. inflation data (CPI).

Bitcoin Performance This Week

Peak: Reached $105,500 on May 12 after the announcement of temporary tariff reductions between the United States and China.

Decline: Dropped to $101,295 the following day, indicating investor caution amid concerns over potential political volatility.

Technical Support: The $100,000 level is currently considered a key support, with potential resistance at $107,000.

Predictions for Next Week

Forecasts suggest a continuation of Bitcoin's upward trend, with the possibility of surpassing the $110,000 level if global economic conditions continue to improve. However, the currency may face short-term volatility due to profit-taking and upcoming U.S. inflation data.