$BTC
Bitcoin Price Analysis – Tuesday, May 14, 2025
Current Price: $103,000
24-Hour Change: Relatively stable after a surge
Today's High: $104,800
Today's Low: $101,300
Estimated Market Cap: Over $2 Trillion
Daily Trading Volume: Approximately $28 Billion
Technical Outlook:
Bitcoin price has stabilized above the previous resistance level of $100,000, indicating strength in the upward momentum. Continuing to trade above this barrier enhances the chances of targeting higher levels like $110,000 and $120,000.
Momentum indicators such as RSI and MACD show an upward bias, but we may see some short corrections towards $98,000 before continuing the upward trend.
Important Levels for Trading:
Immediate Support: $101,000
Secondary Support: $98,000
First Resistance: $106,000
Strong Resistance: $110,000