NewsBTC
14 May 2025
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Bitcoin Price Consolidates Gains Above $103,000 as Ethereum Rallies

Bitcoin Price Analysis

  • Bitcoin tested the $105,000 zone after starting a strong increase from the $100,500 support.
  • Current trading is above $103,000 and the 100 hourly Simple Moving Average.
  • A bullish trend line exists with support at $103,650 on the hourly chart.
  • If BTC clears the $105,000 resistance, it may further increase towards $106,800 and potentially $108,000.
  • If unable to break above $105,000, downside risks include support at $103,500, $102,850, and $101,750.
  • Main support is at $98,800.

Technical indicators show MACD losing momentum in the bullish zone while RSI remains above 50.

Bitcoin Price