In mid-May 2025, Bitcoin (BTC) is showing strong performance, currently trading near the level of $105,000, approaching its all-time high of $109,225 recorded last January.
Current Technical Analysis
Key Resistance Levels: These are at $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 Support Levels: The key 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 it is below its previous peak, indicating moderate upward momentum.
Market Influencing Factors
U.S. Policies: Expectations of easing protective policies and signing new trade agreements between the United States and other countries enhance investor confidence in digital assets.
Institutional Investments: Recent weeks have seen significant capital inflows into digital asset funds, reflecting increasing interest from institutional investors.
Future Expectations
Some analysts expect the price of Bitcoin to reach $150,000 this year, based on historical patterns and increasing institutional adoption.
