$BTC

BTC Price Forecast for May 16, 2025

Current Price: $104,209

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Technical Analysis:

Support:

$102,000 – key level

$99,000–$97,000 – next zone in case of decline

Resistance:

$105,000 – nearest

$107,000 – strong

RSI: above 70 (overbought)

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Recent News:

Inflation in the US lower than expected – pressure on risk assets

Hedge funds reducing positions in BTC-ETF, but large funds are buying

Coinbase to be included in S&P 500 on May 19 – positive for the market

Reduction of US trade tariffs – support for risk assets

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Forecast:

Likely range of movement for the day:

$102,000 – $105,000

Break above $105,000 → possible increase to $107,000–$110,000

Drop below $102,000 → risk of decline to $99,000

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Recommendations:

Traders: monitor the breakout levels of $102K / $105K

Investors: keep focus on news and macro data