Bitcoin (BTC) Price Prediction for May 13
After surging from sub-$90K levels in April, the Bitcoin price today is hovering around $104,000, showing signs of exhaustion just below the $105,000 resistance zone. On the daily chart, BTC has moved into a crucial supply area that previously triggered sharp rejections, suggesting buyers are becoming cautious.
The rally that began with a breakout above $95,000 now faces key resistance between $104,000 and $106,000, a zone marked by multiple historical rejections. At the time of writing, Bitcoin price trades with mild intraday losses, showing -0.1% on the day and a potential pause after a strong weekly move.
Bitcoin Price Action Near-Term: Key Indicators Show Divergence
On the 30-minute chart, BTC remains in an elevated structure but is trading sideways with a flattening bias. The RSI is currently at 47.5 — just below the neutral 50 mark — signaling a loss in bullish momentum. Meanwhile, the MACD histogram is narrowing and hovering near the zero line, indicating waning momentum. This aligns with the sideways movement seen since May 10.
Bollinger Bands are compressi…
The post Bitcoin (BTC) Price Prediction for May 13 appeared first on Coin Edition.
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Bitcoin Price Bounce to Near $104K, Though Encouraging, Falls Short of Bull Revival
Bitcoin (BTC) Price Prediction for May 13
After surging from sub-$90K levels in April, the Bitcoin price today is hovering around $104,000, showing signs of exhaustion just below the $105,000 resistance zone. On the daily chart, BTC has moved into a crucial supply area that previously triggered sharp rejections, suggesting buyers are becoming cautious.
The rally that began with a breakout above $95,000 now faces key resistance between $104,000 and $106,000, a zone marked by multiple historical rejections. At the time of writing, Bitcoin price trades with mild intraday losses, showing -0.1% on the day and a potential pause after a strong weekly move.
Bitcoin Price Action Near-Term: Key Indicators Show Divergence
On the 30-minute chart, BTC remains in an elevated structure but is trading sideways with a flattening bias. The RSI is currently at 47.5 — just below the neutral 50 mark — signaling a loss in bullish momentum. Meanwhile, the MACD histogram is narrowing and hovering near the zero line, indicating waning momentum. This aligns with the sideways movement seen since May 10.
Bollinger Bands are compressi…
The post Bitcoin (BTC) Price Prediction for May 13 appeared first on Coin Edition.
Read More