Bitcoin (BTC) Price Prediction for May 12

By: bitcoin ethereum news|2025/05/13 10:00:12
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The majority of the coins keep rising, according to CoinStats. BTC/USD Unlike other coins, the rate of Bitcoin (BTC) has gone down by 1.37% over the last day. On the hourly chart, the price of the main crypto is near the local support of $102,563. If the daily bar closes around that mark, one can expect a test of the $102,000 range soon. On the larger time frame, the picture has changed from bullish to bearish. You Might Also Like If bulls cannot seize the initiative, there is a chance to see an ongoing decline to the $100,000-$102,000 area. From the midterm point of view, the rate of BTC has made a false breakout of the $104,985 level. If the weekly candle closes far from it, traders may expect an ongoing downward move to the $100,000 mark. Bitcoin is trading at $103,153 at press time. Source: https://u.today/bitcoin-btc-price-prediction-for-may-12

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