$BTC Bitcoin (BTC) Price Update – May 14, 2025

As of May 14, 2025, Bitcoin (BTC) is trading at approximately $103,680, reflecting a 1.71% increase from the previous close. The day's trading has seen BTC reach a high of $104,836 and a low of $101,671 .

The recent uptick in Bitcoin's price is attributed to several macroeconomic factors. The easing of U.S.-China trade tensions, marked by a 90-day suspension of major tariffs, has alleviated some global economic uncertainties, leading to increased investor confidence in risk assets like Bitcoin . Additionally, a better-than-expected U.S. inflation report has further bolstered market optimism .

Technical indicators suggest a cautious bullish outlook. Bitcoin remains above its 20-day and 50-day exponential moving averages, indicating short-term upward momentum. However, the Relative Strength Index (RSI) has dipped to 49, approaching neutral territory, suggesting that buying pressure may be waning .

Looking ahead, Bitcoin faces resistance around the $104,500 level. A breakout above this threshold could pave the way for a retest of the $105,700 mark. Conversely, failure to maintain support above $101,000 may lead to a decline toward the $98,000–$100,000 range .

In summary, while Bitcoin has shown resilience amid favorable macroeconomic developments, traders should remain vigilant of potential volatility and monitor key support and resistance levels closely.