NewsBTC

12 May 2025

0 0

Bitcoin Price Surges Above $102,000, Eyes Resistance at $107,500

Bitcoin Price Update

• Bitcoin surpassed the $100,500 resistance and is currently above $102,500.
• A bullish trend line is forming with support at $103,500 on the hourly BTC/USD chart.
• Immediate resistance is at $104,500, with key levels at $105,000 and $105,500.
• If Bitcoin clears $105,500, it could target $106,200 and potentially $108,000.
• If unable to break $104,500, support levels are at $103,500 and $102,800.
• Major support levels include $100,500 and $97,500.

Technical indicators show a strengthening bullish momentum: MACD is gaining pace in the bullish zone and RSI is above 50.