The BTC$ pair is trading today, May 13, 2025, at levels close to $103,693.
This performance is attributed to several key factors:
U.S. Monetary Policy Expectations: With traders awaiting the Fed's decision on interest rates, any signs of easing could boost the flow of liquidity towards high-risk assets like Bitcoin.
Institutional Adoption: Several major financial firms have recently announced the addition of Bitcoin to their investment portfolios, which enhances confidence and increases demand.
Technical Resistances and Supports: The $105,000 area represents strong resistance in the upward trend, while the $100,000 level forms vital support; breaking this support could lead to a correction towards $95,000–$98,000, while breaking the resistance could push the price towards $110,000.
Upcoming Economic Events: The release of U.S. Consumer Price Index (CPI) data may cause sharp fluctuations; therefore, it is advised to closely monitor the economic calendar.
