$BTC As of May 15, 2025, Bitcoin (BTC) is trading around $103,200, having recently surged from April lows near $75,000. This 40% rally reflects renewed investor optimism amid easing global trade tensions and favorable macroeconomic developments .

Technical indicators suggest a bullish trend. A recent bullish crossover, where the 50-day simple moving average (SMA) surpassed the 100-day SMA, indicates potential for continued upward momentum . Additionally, a proven momentum indicator has flashed green, historically preceding major rallies .

However, caution is warranted. The Relative Strength Index (RSI) is above 70, signaling overbought conditions, and trading volumes have declined, suggesting possible short-term consolidation . Analysts note potential resistance near $107,000, with a projected upside target around $120,000 if the rally continues. Conversely, if the $100,000 level fails to hold, prices could retrace to around $92,000, where significant technical support lies .

In summary, while Bitcoin’s current trajectory is bullish, overbought indicators and declining volumes suggest a cautious approach. Monitoring key support and resistance levels will be crucial in assessing the sustainability of this rally.