As of May 13, 2025, Bitcoin is trading around $102,852, showing a slight decline of 1.42% over the last 24 hours. After reaching a peak of $105,500 amid news of tariff reductions between the US and China, the price has retraced, which may indicate profit-taking by investors.
Key levels:
Resistance: $105,500
Support: $101,000
Despite the recent correction, analysts remain optimistic about further Bitcoin growth. Some forecasts suggest a possible price level of $200,000 by the end of the year, assuming a favorable macroeconomic environment and continued institutional interest.
However, the current situation requires caution. Rising yields on US Treasury bonds and inflation expectations may put pressure on the cryptocurrency market in the short term.
Conclusion: Bitcoin is in a consolidation phase. A breakout above the resistance level at $105,500 could pave the way for new highs, while a drop below $101,000 may lead to a deeper correction. Investors should closely monitor macroeconomic indicators and market sentiment.
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