- Bitcoin (BTC) successfully achieved subsidies of $ 100,000 for more than a week, despite the simple decline.
- Bitcoin was trading within a narrow range of 101 thousand dollars to 104 thousand dollars, with 105 thousand dollars as a major resistance level.
Bitcoin (BTC) maintains its land above the level of $ 100,000 for more than a week, which indicates the signs of flexibility as it continues to unify it slightly less than its last highest levels. As of May 16, 2025, BTC is trading about $ 103,713, an increase of 1.37 % in the past 24 hours, with more than 13 % daily trading volume increased to $ 50.78 billion – a hint that might be picked up again.
The price has been moving within a relatively narrow range between 101,760 dollars and 104,305 dollars over the past seven days, with $ 105,000 to be proven that it is a major resistance level to break it. According to BitStamp data, Bitcoin has briefly touched the highest level in 14 weeks at 105,700 dollars on May 12, but has since settled in a horizontal pattern, as it rose between the resistance at 105 thousand dollars and supported nearly 101.5 thousand dollars.
Biotcoin (BTC) plans a hint when accumulating, where bulls maintain main levels
On the artistic side, things look optimistic with caution. The upper direction line is formed to the graph for 4 hours, indicating a fixed accumulation even during this monotheism. Bitcoin also holds more than one important alternative re -0.236 Vibonacci at $ 101,989 – drawn from the last swing of 93,351 dollars to peak at $ 104,508. This indicates that the bulls defend the keys early in the withdrawal, while maintaining the broader upward trend at the present time.
Momentum indicators give bullish signs as well. The RSI (RSI) index is currently sits at 54.48, a little higher than the neutral area, indicating moderate higher pressure. Meanwhile, Macd just formed a bullish intersection, as green graph bars began to appear – it is often an early sign that momentum could turn in favor of buyers.
If BTC can pay over the $ 104,508 sign with size support, the move may be about $ 106,000 on the cards. On the other hand, if prices fall, traders will see support areas around 101,989 dollars and 100,431 dollars to obtain strength signs.
Outside the charts, the institutional demand for bitcoin remains strong. Melioz in Brazil added 274.5 BTC to its public budget, as it spent about $ 28.4 million at an average price of 103,604 dollars per currency. This purchase brings their total holdings to more than 320 BTC. Meanwhile, Spot Bitcoin ETF (IBIT) from Blackrock 410 million dollars in flows on May 15, and continued to lead the United States -based investment funds in Bitcoin.
Overall, bitcoin appears strength despite the narrow range. If the bullish momentum builds and breaks the ceiling of integration, we can see another leg. But at the present time, traders closely monitor the $ 105,000 barrier as the next main obstacle on the BTC track.
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