On May 12, 2025, the price of Bitcoin (BTC) is relatively stable, currently trading around $104,631, with a slight decrease of 0.95% over the past 24 hours. It exceeded $105,819 yesterday.
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🔍 Technical Analysis
• Relative Strength Index (RSI): Currently at 42 on the 4-hour timeframe, indicating a neutral state, neither overbought nor oversold.
• MACD Indicator: Showed a bearish crossover, which may indicate potential downward momentum in the short term.
• Support and Resistance Levels:
• Support: Ranges between $102,000 and $100,000. Breaking this range could lead to a decline towards $97,500.
• Resistance: Located at $105,000, with potential upward targets towards $108,956 and even $112,000 if the positive momentum continues.
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📈 Market Influencing Factors
• Institutional Flows: Bitcoin exchange-traded funds experienced net inflows of $300 million on May 12, indicating growing interest from institutional investors.
• Economic Events: Market sentiment improved following the announcement of a trade agreement between the United States and the United Kingdom, contributing to increased demand for high-risk assets such as Bitcoin.
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🧭 Future Predictions
Bitcoin currently shows mixed signals. While some technical indicators suggest a potential correction, institutional flows and strong support above the $100,000 level may support the continuation of the upward trend. Investors are advised to monitor key support and resistance levels and pay attention to momentum indicators and fluctuations in trading volume to make informed decisions.
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