Over the past week, Bitcoin (BTC) has experienced notable market movements, reflecting both macroeconomic factors and technical developments.

As of May 18, 2025, Bitcoin is trading at approximately $103,612, showing a slight intraday increase of 0.11% . Earlier in the week, BTC reached a peak of $105,747 on May 12, following the announcement of a U.S.-China trade deal . However, it faced resistance around the $105,000 mark, leading to a consolidation phase between $93,000 and $95,600 .Investor's Business DailyCoin Edition+1Cointelegraph+1

Technically, Bitcoin has broken above a descending trendline that had been in place since March, signaling a potential bullish trend. The Relative Strength Index (RSI) is currently around 65, indicating a neutral market sentiment .Coin Edition

Fundamentally, the market has been influenced by easing global tariffs and new U.S. trade agreements, which have positively impacted investor sentiment . Additionally, institutional interest remains strong, with significant purchases by entities like Strategy, formerly known as MicroStrategy, which acquired over 13,000 BTC for approximately $1.34 billion .Medium+3@EconomicTimes+3Investor's Business Daily+3Investor's Business Daily+1Medium+1

Looking ahead, Bitcoin faces key resistance around $105,000. A successful breakout could pave the way for a retest of the all-time high near $109,000. Conversely, failure to break through this resistance may result in continued consolidation or a pullback.Coin Edition+2Investor's Business Daily+2@EconomicTimes+2

In summary, Bitcoin's recent performance reflects a combination of favorable macroeconomic conditions and technical developments. Investors should monitor key resistance levels and institutional activities to gauge the potential direction of the market.