$BTC is trying to keep uptrend ๐ฅ ๐ฅ ๐ ๐ Bitcoin (BTC) Reclaims $100K Amid Renewed Market Optimism
As of May 15, 2025, Bitcoin (BTC) is trading at approximately $102,226, marking a 0.016% decrease over the past 24 hours.
๐ฐ Recent Developments:
Strategic Bitcoin Reserve: In March 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, positioning Bitcoin as a national reserve asset. This move aims to solidify the U.S.'s leadership in the digital asset space.
Market Rally: Bitcoin surged past the $100,000 mark for the first time since February 2025, driven by positive sentiment surrounding new U.S.-U.K. trade agreements and easing U.S.-China trade tensions.
๐ Technical Analysis:
MACD: Bullish crossover observed, indicating upward momentum.
RSI: Currently at 70, suggesting the token is approaching overbought territory.
Support Level: $92,000
Resistance Level: $107,000
๐ฎ Price Outlook:
Short-Term Target: $105,000
Mid-Term Projection: $120,000
Long-Term Vision: $140,000+
๐ง Analyst Insight:
Bitcoin's recent performance indicates strong bullish momentum, supported by favourable macroeconomic developments and institutional interest. However, investors should remain cautious of potential pullbacks, especially if key support levels are breached.
๐ Are you bullish on $BTC's trajectory?
