$BTC Bitcoin (BTC) Update as of May 13, 2025Price and Market StatusCurrent Price: BTC is trading around $102,672.49 to $104,000, with mild intraday losses (-0.1% to -1%) after a strong weekly rally from sub-$90,000 levels in April. It’s down 6% from its all-time high of $109,464.94 on January 20, 2025.Market Sentiment: Bullish, with 76% of technical indicators signaling upward momentum and the Fear & Greed Index at 70 (Greed). However, BTC faces resistance between $104,000–$106,000, where historical rejections have occurred, and the RSI at 73.59 suggests it’s nearing overbought territory.Recent Performance: BTC surged 9% over the past week, driven by a breakout above $101,000, but momentum is cooling near $105,000. The 200-day EMA (~$94,200) supports bullish continuation, though a failure to break $105,200 could lead to a pullback to $101,500–$103,200.Connection to CPI Release (May 13, 2025)CPI Impact: The April 2025 CPI data, released today at 8:30 AM ET, was expected to show 2.4% year-over-year inflation. X posts suggested a Trueflation reading of 1.68%, hinting at a lower-than-expected CPI. A softer CPI could signal Fed rate cuts, boosting risk assets like BTC. As of now, BTC’s mild dip suggests traders are awaiting confirmation, but a bullish breakout above $105,200 could follow if CPI aligns with dovish expectations.Market Reaction: Posts on X indicate hedge funds were short BTC before a U.S.-China trade deal announcement, which may have contributed to today’s consolidation.