#ShareYourThoughtOnBTC
As of May 14, 2025, Bitcoin (BTC) is exhibiting strong bullish momentum, trading at approximately $104,001. This surge is attributed to several key factors:
Technical Indicators: BTC's price action has formed a double-bottom pattern with a neckline at $88,718, indicating a bullish reversal.
Institutional Activity: There has been a notable increase in large transactions (over $100,000), suggesting that institutional investors are actively participating in the market.
Market Sentiment: The Relative Strength Index (RSI) on the 4-hour chart has risen from oversold levels, indicating strengthening bullish momentum.
These factors combined suggest that Bitcoin is in a strong position, with potential to test higher resistance levels in the near future.
