As of May 13, 2025, the price of Bitcoin (BTC) is approximately $102,171, down about 1.8% from the previous trading day. Despite recent price fluctuations, overall market sentiment remains cautiously optimistic.
Technically, Bitcoin reached a high of $105,819 on May 12, before falling back to $102,388, indicating short-term profit-taking pressure. The current price is close to a key support level, and a breakdown could trigger a deeper correction. 
On the macroeconomic front, the upcoming April Consumer Price Index (CPI) data from the United States may impact the market. Investors are generally focused on how inflation data may guide the Federal Reserve's monetary policy, thereby affecting the performance of risk assets such as Bitcoin.
Additionally, the U.S. government signed an executive order in March to establish a strategic Bitcoin reserve, indicating a national-level emphasis on digital assets. This initiative may bolster market confidence in Bitcoin as a store of value. 
Overall, while Bitcoin's price faces adjustment pressure in the short term, in the long run, the continued participation of institutional investors and policy support may provide it with support. Investors should closely monitor macroeconomic data and technical indicators to formulate reasonable investment strategies.