š Bitcoin Price Update (May 13, 2025)
Current Price: $102,752 š
24-Hour High: $105,240 š¼
24-Hour Low: $101,065 š½
Bitcoin (BTC) is showing a slight dip of -2.36% today. The market remains cautious ahead of important data releases. š
š® Bitcoin Price Outlook for Tomorrow (May 14, 2025)
Support Level: $100,000 šŖ
Resistance Level: $104,500 š„
Potential Rally Target: $105,700 to $107,000 š
Analysts expect Bitcoin to stay above the $100,000 support. If it breaks resistance, we could see a retest of higher levels. š
š° Key Market Influencers
U.S. CPI Data: The upcoming U.S. Consumer Price Index (CPI) release on May 14 could have a major impact on Bitcoin's price. š A higher-than-expected CPI may put downward pressure on BTC, while a lower figure could boost prices. š
Trade Relations: U.S.-China trade developments are also crucial. Positive news could fuel market optimism, while negative news could increase volatility. š
š Market Sentiment & Projections
Fear & Greed Index: 70 (Greed) š±ā”ļøš
Short-term Price Forecast: Bitcoin may rise to $114,187 š based on positive sentiment and technical analysis.
š Conclusion: Bitcoin shows signs of bullish momentum, but CPI data tomorrow could bring volatility. Keep an eye on this! š#CryptoCPIWatch $BTC
