On May 13, 2025, the price of Bitcoin (BTC) is trading around $102,805, down 1.4% over the past 24 hours. This decline comes after the price failed to maintain momentum above the $105,000 level, indicating a technical correction after a strong 24% increase last month.
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🔍 Technical analysis
• Main support: ranges between $99,000 and $100,000, which is an important psychological and technical level, supported by moving averages and indicators like Ichimoku.
• Nearby resistance: between $104,800 and $105,200. Breaking this range could push the price towards $107,500 then $110,000.
• Technical indicators: The Relative Strength Index (RSI) is at 47.5, indicating a loss of upward momentum. The MACD indicator shows convergence, reflecting a state of indecision in the market.
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📊 Influencing factors
• Inflation data (CPI): Investors' anticipation of U.S. Consumer Price Index data may increase market volatility.
• ETF flows: Bitcoin exchange-traded funds recorded net flows of $934 million in the week ending May 9, reflecting ongoing institutional interest.
• Price gap in CME contracts: The price gap in Bitcoin futures contracts has been closed, a technical event that may lead to increased volatility and potential bullish opportunities.
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📈 Short-term forecasts
• Bullish scenario: Breaking the $105,200 level with volume confirmation could push the price towards $107,500 then $110,000.
• Bearish scenario: Breaking the support level at $100,000 could lead to a decline towards $99,000 then $95,000.
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✅ Conclusion
Bitcoin is in a corrective phase after a strong rise, with investors awaiting important economic data. Upcoming movements will depend on the ability of the price to maintain above key support levels and break through nearby resistances. Traders are advised to monitor technical indicators and trading volume to make informed decisions.
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