Bitcoin (BTC) Price Prediction for May 12
05/12/2025 22:38
Has bull run of Bitcoin (BTC) started yet?
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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.
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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.