$BTC
Update on Bitcoin (BTC) Support and Resistance Levels on May 13, 2025
Bitcoin is currently trading at $104234 with a slight decline of -0.91% during the day. Here are the key support and resistance levels based on the current market structure and moving averages:
Resistance Levels:
$105819 : Recent local peak, forming strong resistance. Breaking this level could push the price towards $107187 which is the next resistance area.
$104629 Highest level in the last 24 hours considered a minor resistance within short time frames.
Support Levels:
$102,631 7-day moving average (MA7) acting as dynamic support. Maintaining this level could strengthen the upward momentum.
$100,718 Lowest price in the last 24 hours, representing an important psychological support. Breaking this level could lead to testing stronger support at:
$95953 25-day moving average (MA25), a key trend line to watch in case of a break.
$89,836 99-day moving average (MA99), long-term and strong support.
Conclusion:
As long as Bitcoin remains above the $102K level, the upward trend is still intact. However the price needs to break $105.8K to continue the upward momentum. Traders should monitor $100.7K as a short-term support level to avoid a deeper correction.