Bitcoin (BTC) Price Prediction: BTC/USDT Sustains Around $104,000
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Date: May 14, 2025
Bitcoin has been impressive recently, with its price action advancing through key levels with considerable ease. However, at this point, price action appears to be hovering around the $104,000 level. Nevertheless, the market still shows strong potential for further upward movement.
BTC/USDT -Term Trend: Bullish (Daily Chart)
Key Price Levels:
Resistance: $105,000, $110,000, $115,000
Support: $100,000, $95,000, $90,000
As previously noted, Bitcoin’s price has been on the rise. However, the market is currently experiencing a consolidation phase. The most recent daily candle is red and shaped like a doji, indicating indecision. Despite this, the Bollinger Bands maintain an upward trajectory and remain wide enough to accommodate moderate price gains. Additionally, the Moving Average Convergence Divergence (MACD) lines remain above the equilibrium level, still showing a slight upward slope. It’s also worth noting that the MACD histogram bars are pale green and remain above the equilibrium, signaling continued bullish momentum—albeit weaker.
Bitcoin (BTC) Price Prediction: BTC/USDT Bulls May Resume Soon
Upside momentum in the Bitcoin market appears to be struggling to break clearly above $104,000, as selling pressure remains strong in this region. The current session has shown a slight downward retracement but continues to hover near the $104,000 level. Trading activity is still occurring near the upper boundary of the Bollinger Bands, which remain projected upwards despite the ongoing consolidation.
Meanwhile, the MACD indicator reflects weakened upside momentum, as shown by shorter histogram bars. While this suggests short-term bearishness, the overall setup continues to favor a potential upside correction in the near term.
Bitcoin (BTC) Price Prediction: BTC/USDT Bulls Seem to Be Recovering
While the most recent daily candle on the Bitcoin chart is red, the current 4-hour session appears bullish. Notably, the price stands just above a technical landmark—the middle band of the Bollinger Bands—which suggests a potential bullish breakout.
The MACD indicator lines are moving sideways above the equilibrium level, matching the flattening upper band of the Bollinger indicator. Although this could indicate short-term stagnation, the market structure remains favorable for a continued upward correction toward $108,000 or even $110,000.
