$BTC Bitcoin Analysis – as of May 13, 2025
Current Price and General Trend:
Bitcoin is currently trading near $102,500, after reaching a weekly high of $105,747, the highest level since the beginning of the year.
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Technical Analysis:
Support: $102,000 – If broken, we could see a drop to $100,000 and then to $97,500.
Resistance: $105,000 – If surpassed, we could see an increase to $107,000 and then to $112,000.
RSI Index: Indicates overbought conditions, which could lead to a temporary correction.
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Fundamental Factors:
Institutional Investment: The company Strategy purchased 13,390 Bitcoin worth $1.34 billion.
Geopolitical News: Improved trade relations between the United States and China have increased market confidence.
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Future Predictions:
Short Term: Price stability above $102,000 could lead it to $107,000 and then to $112,000.
Medium Term: Some analyses predict it will reach between $114,000 and $120,000 during the second quarter of 2025.
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Summary:
Bitcoin shows an upward momentum supported by institutional purchases and positive news, but it is recommended to monitor support and resistance levels in anticipation of any correction.
