Cryptocurrency Market Analysis – May 13, 2025

Digital markets witnessed notable movements today, as positive momentum continued for Bitcoin (BTC), which is currently trading near the $64,200 level, with a key resistance at $65,000. Continued trading above the support at $62,800 may indicate a new attempt to break through resistance in the coming days.

Ethereum (ETH) also shows relative strength, remaining above the $3,100 level, with a nearby upward target at $3,300. Eyes are on the anticipated U.S. inflation data tomorrow, which could impact the overall market direction.

Brief Technical Points:

BTC/USD: Overall trend is bullish – support: $62,800 – resistance: $65,000

ETH/USD: Trend is neutral leaning bullish – support: $3,050 – resistance: $3,300

BNB: Moving sideways between $550 and $585

Fear and Greed Index: at level 64 (Greed), indicating increased confidence in the market

Recommendation: Closely monitor resistance areas, and take advantage of corrections to build long-term positions for investors.

This is not investment advice, always do your own research.