#BTC Analysise
May 18, 2025
Market Overview
Current Price: $103,865
24h Change: +0.83%
24h Range: $102,746 – $104,005
Bitcoin is consolidating just below the $104,000 resistance level, maintaining a steady uptrend. The market exhibits a tight consolidation pattern with a narrowing bid-ask spread, indicating strong buyer interest at current levels .
Technical Indicators
RSI (14): 48.7 – Neutral
MACD (12,26): Positive – Bullish momentum
The RSI indicates neutral momentum, while the positive MACD suggests continued bullish momentum.
Key Levels
Immediate Resistance: $104,300
Major Resistance: $105,700 – $110,000
Immediate Support: $103,000
Major Support: $100,000
A sustained move above $104,300 could open the path toward the $105,700–$110,000 resistance zone. Conversely, a drop below $103,000 might lead to a test of the $100,000 support zone .
Predicted Daily Range
High: $105,000
Low: $103,000
Market Sentiment & News
Institutional Activity: Institutional buying continues, with corporations purchasing over 196,000 BTC in Q1 2025, surpassing the year’s new supply of approximately 60,000 BTC .
ETF Demand: Bitcoin ETFs have purchased 26,700 BTC so far in May 2025, while miners have only produced 7,200 BTC during the same period, highlighting a growing supply scarcity .
Regulatory Concerns: India’s proposed cryptocurrency regulatory bill could lead to significant market implications, potentially affecting Bitcoin’s price .
Conclusion
Bitcoin’s price action on May 18 reflects a market in consolidation, balancing between bullish momentum and caution due to macroeconomic factors. Traders should monitor the $104,300 resistance level closely; a breakout above this could signal a move toward the $105,700–$110,000 resistance zone. Conversely, a drop below $103,000 may lead to a test of the $100,000 support zone. Stay informed on macroeconomic developments, especially regarding institutional activities and regulatory policies, as they could impact market sentiment and Bitcoin’s trajectory.