$BTC

As of May 15, 2025, Bitcoin (BTC) is trading around 103,594 USD, slightly down by 0.57% from the previous day but up 68.26% compared to one year ago5. Recently, BTC price rose sharply from about 78,000 USD to a high near 105,700 USD but has entered a cooling phase with some indecision in the market6.

Technically, BTC is forming a narrowing triangle pattern on the 4-hour chart, showing lower highs and horizontal support near 100,800 USD. It faces strong resistance around 101,970 USD (the 0.786 Fibonacci retracement level) and has not reclaimed the 1.0 Fibonacci level near 109,396 USD6. If BTC fails to break above this resistance, it could retrace toward the 0.618 Fibonacci level near 96,556 USD6.

In summary:

Current price: 103,594 USD

Support: 100,800 USD

Resistance: 101,970 to 109,396 USD

Potential retracement target: 96,556 USD if resistance holds

Market showing short-term cooling after strong rally.