$BTC

Bitcoin (BTC) Technical Analysis – May 14, 2025

Bitcoin is currently trading at approximately $103,463, reflecting a slight decline of 0.6% for the day.

Price Action: BTC has been consolidating just above the $103,000 mark, with intraday movements ranging between $103,164 and $104,836.

Key Levels:

Resistance: $104,800 (recent intraday high), $105,000 (psychological barrier)

Support: $103,000 (current consolidation zone), $102,800 (recent low)

Indicators:

RSI: Hovering around 52, indicating neutral momentum.

MACD: Flat, suggesting a potential for a bullish crossover on shorter timeframes.

Volume: Decreasing, which may precede a significant price movement.

Outlook: The market is exhibiting signs of consolidation, with price movements within a narrow range. A breakout above $104,800 could signal a move towards $105,000 and beyond. Conversely, a drop below $103,000 may lead to a retest of lower support levels.

Strategy: Traders should monitor for a confirmed breakout with increased volume before entering positions. Implementing risk management strategies is crucial in this tight trading range.