In mid-May 2025, Bitcoin (BTC) is experiencing strong performance, currently trading near the $105,000 level, approaching its all-time high of $109,225 recorded last January.
Current Technical Analysis
Key Resistances: These are at levels of $106,500 and $109,225. Breaking through these levels could pave the way for new targets reaching $120,000 during the second quarter of the year.
Important Supports: The primary support is at $93,780. Breaking this level could lead to a decline towards $80,000.
Technical Indicators: The Relative Strength Index (RSI) shows positive signals, but is below its previous peak, indicating moderate upward momentum.
Market Influencing Factors
US Policies: Expectations of easing protective policies and signing new trade agreements between the United States and other countries are boosting investor confidence in digital assets.
Institutional Investments: Recent weeks have seen significant capital inflows into digital asset funds, reflecting growing interest from institutional investors.
Some analysts predict that the price of Bitcoin will reach $150,000 this year, based on historical patterns and increasing institutional adoption.
