As of Wednesday, May 14, 2025, Bitcoin (BTC) is trading around $103,700, showing a slight increase over the past 24 hours and a more significant rise over the past week and month.
Here's a summary of the recent Bitcoin market activity:
* Current Price: Approximately $103,700.
* 24-Hour Change: Increased by around 1%.
* 7-Day Change: Increased by around 7-10%.
* 1-Month Change: Increased by around 20-22%.
* All-Time High: Bitcoin reached its all-time high of around $109,000 in January 2025.
* Market Sentiment: Generally bullish, with some analysts noting overbought conditions in the short term, which could lead to minor corrections.
* Trading Volume: Remains high, indicating active market participation.
* Market Dominance: Bitcoin continues to hold a significant dominance in the cryptocurrency market, around 64%.
* Key Levels to Watch:
* Resistance: The all-time high around $109,000 is a key resistance level. Breaking above this could signal further upward momentum. Some analysts see the next target around $105,000 - $106,000.
* Support: Key support levels are around $100,000 and then lower at $95,000 and $91,000. Holding above these levels is crucial for maintaining the bullish $BTC