Updated Analysis – Bitcoin (BTC)

1. Market Context

Bitcoin has shown resilience after weeks of consolidation. The $100,000 zone acted as strong support, and now the asset is trying to resume its upward trend. Factors driving this possible appreciation include:

• Expectation of interest rate cuts by the Federal Reserve in the coming weeks.

• High institutional interest, with increased investments in BTC ETFs in the US.

2. Technical Indicators

• The RSI (Relative Strength Index) is in neutral territory, around 50, suggesting that the asset is neither overbought nor oversold.

• Short-term moving averages (like the 20-period average) indicate a slight upward trend.

• Volume is low, which could signify a lack of conviction from buyers.

3. Price Projection (until May 14, 2025)

Based on technical analysis and market sentiment, it is possible to estimate that Bitcoin may:

• Optimistic scenario: Break the resistance and reach the range of $106,000 – $107,000.

• Neutral scenario: Remain between $103,000 – $105,000.

• Pessimistic scenario: If it loses support, it could drop to the region of $100,000 – $101,000.$BTC