Bitcoin Update Against the Dollar – Wednesday, May 15, 2025

🔻 BTCUSD Decline and Continued Selling Pressure

The price of Bitcoin is currently trading below the 20 and 50 period moving averages, which are around 103375 and 103514, supporting the continuation of the negative outlook for the day.

The critical resistance level currently is at: 104260

As long as the price is below it, the bearish trend is dominant.

However, if this resistance is broken and maintained above it, we could see a rise to areas of 106090 then 107180.

The expected range of movements today:

▪️ Supports: 97350 – 98440 – 99530 – 100620

▪️ Resistances: 103540 – 104260 – 106090 – 107180

The expected overall trend: Bearish unless broken