#BTC $BTC

๐Ÿ“ˆ Bitcoin Market Overview (as of May 14, 2025)

Bitcoin (BTC) is currently trading at approximately $103,932, experiencing a modest increase of 0.32% over the past 24 hours. The cryptocurrency has recently surpassed the significant psychological threshold of $100,000, indicating strong bullish momentum.

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๐Ÿ” Technical Analysis & Key Levels

Bullish Breakout: Bitcoin has broken out from a falling wedge pattern, surpassing the 78.6% Fibonacci retracement level around $92,000.

Resistance Levels:

Immediate resistance is observed near $104,000.

A decisive break above $105,000 could propel BTC towards its all-time high of $109,588, with potential to reach the $120,000 range.

Support Levels:

The $100,000 mark now serves as a crucial support level.

Failure to maintain this level may lead to a retracement towards $92,000.

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๐Ÿ“Š Market Sentiment

Fear & Greed Index: Currently at 70, indicating a state of "Greed" among investors.

Investor Behavior: The recent price movements suggest a rotation from Bitcoin into altcoins, as investors seek higher returns in smaller cryptocurrencies.

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โš ๏ธ Disclaimer

Cryptocurrency investments are subject to high market risks and volatility. The information provided here is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.