$BTC

Today, Thursday, May 15, 2025, Bitcoin (BTC) is experiencing some downward pressure after reaching a resistance level around $105,000. Here's a brief outlook based on the latest information:

Current Price and Recent Performance:

* The live price of Bitcoin is around $103,000, showing a slight decrease over the last 24 hours (approximately -0.5% to -0.7%).

* Bitcoin reached a 24-hour high of around $104,300 and a low of approximately $102,600.

* Over the past week, Bitcoin has seen a positive change, with an increase of around 5% to 7%.

* Looking at the longer term, BTC has shown significant gains over the past month (around +21% to +23%) and the past year (around +64% to +66%).

* Bitcoin's all-time high is around $109,100 to $109,350.

Technical Analysis:

* Bitcoin has begun a correction after failing to sustain prices above the $105,000 resistance zone.

* It is currently trading below the 100-hour Simple Moving Average.

* The 200-day moving average is sloping upwards, indicating a strong longer-term trend. The 200-weekly moving average is below the current price and could act as support if the price declines further.

* The Relative Strength Index (RSI) is currently in the neutral zone, suggesting that the price could remain in this state for some time. There is a weak bearish divergence in the short term, which could signal a potential price reversal.

* Short-term technical analysis suggests a positive trend, with increasing buy interest. There is no significant resistance indicated in the immediate price chart, suggesting potential for further rise if the current correction ends. Support is noted around $93,000.

* The short-term momentum is strongly positive, with the RSI above 70, which typically indicates overbought conditions and a potential for a downward reaction.

Market Sentiment and News:

* U.S. spot Bitcoin ETFs experienced net outflows on Tuesday, ending a four-day streak of inflows.

* Retail investors have shown increased buying activity recently.

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