#BTCUSDT Technical Snapshot (15m Chart) – May 16, 2025
Bitcoin is holding firm at $104K, showing strength after breaking above a descending trendline. Price remains above all key moving averages (MA7, MA25, MA99), signaling bullish momentum.
Key Levels:
Resistance: $104,365 → $105,155
Support: $103,736 (Fib 23.6%) → $103,149 (Fib 38.2%) → $102,701 (Fib 61.8%)
Recent Low: $101,383
Trend: Short-term bullish
Volume: Stable; watch for spike to confirm breakout
If BTC holds above $103,574 and breaks $104,466 with volume, a test of $105K+ is likely. Caution below $103.1K.
