$BTC As of May 13, 2025, Bitcoin (BTC) is trading around $101,941, experiencing a slight pullback of approximately 2.5% from its recent peak of $105,525. This correction follows a strong rally from sub-$90K levels in April, indicating a potential consolidation phase.

Technical indicators suggest waning bullish momentum. The Relative Strength Index (RSI) is at 47.5, below the neutral 50 mark, and the MACD histogram is narrowing near the zero line, signaling a possible pause in upward movement. Additionally, Bitcoin is approaching a key resistance zone between $104,000 and $106,000, a level that has historically triggered rejections.

Despite the short-term consolidation, the broader outlook remains positive. Analysts predict that Bitcoin could reach new highs, potentially hitting $120,000 in Q2 2025, driven by factors such as easing U.S.-China trade tensions and increased institutional investment.

Investors should monitor key support levels around $100,000 and resistance near $106,000. A sustained move above resistance could signal the next leg up, while a drop below support may indicate a deeper correction.