$BTC
The crypto market experienced strong movement between May 11 and 12, with Bitcoin trading around $104,500, after hitting a daily high close to $105,000. The traded volume jumped nearly 25% in 24 hours, reaching $47.73 billion, reflecting an increase in market interest. The total market capitalization reached $2.07 trillion, in a scenario of greater appetite for digital assets.
Will Bitcoin reach a new high?
Support and resistance levels play a central role at this moment: the immediate support is at around $102,000 — if lost, Bitcoin could retreat to $91,982. On the other hand, the resistance at $105,000 coincides with a zone of liquidation of short positions; a breakout above this level may trigger a short squeeze, with projected targets around $115,698.
Beyond Bitcoin, other cryptocurrencies are also showing strong upward movement, with a highlight on Ether from the Ethereum network, which recently received the Pectra update.$ETH
The Fear & Greed Index remains at 70, reinforcing a scenario of moderate optimism and controlled highs — without clear signs of extreme euphoria. Meanwhile, the market is beginning to show signs of rotation towards altcoins: Bitcoin's dominance has fallen to 63.89%, releasing liquidity for assets like Ethereum, which has accumulated a 28.4% rise over the week, in addition to Solana and Cardano, both with gains of around 6%.
This movement suggests that investors are seeking diversification and greater exposure to assets with above-average appreciation potential, which may indicate a new phase of broader appreciation in the crypto market.