🔥 Bitcoin Market Update – May 16, 2025 🔥

📌 Current Price: $103,784

📌 24h Change: +1.9%

📌 24h High: $104,305

📌 24h Low: $101,765

📌 Market Cap: $3.49 Trillion

📌 24h Trading Volume: $71.55 Billion

📌 BTC Dominance: 59.12%

📌 Fear and Greed Index: 71 (Greed)

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📊 Technical Analysis:

EMA50: Bitcoin is trading above the EMA50, indicating a bullish trend.

VWAP: Currently near $103,920, a critical pivot point.

Resistance Level: $105,000

Support Level: $101,500

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🔍 Market Overview:

Bitcoin is consolidating between $101,500 and $105,000. The $105K resistance has been tested multiple times but hasn't broken yet. Investor sentiment remains optimistic, reflecting in the Fear and Greed Index.

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📌 Trading Suggestions:

Bullish Breakout: If BTC breaks above $105,000, the next target could be $106,500.

Bearish Breakdown: If it drops below $101,500, watch for support at $100,000.

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💬 Do you think Bitcoin will break $105K this week? Share your thoughts!

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