Category: Crypto News, News

Bitcoin (BTC) Price Prediction for May 12 — TradingView News

By Published On: May 13, 20250.8 min readViews: 1050 Comments on Bitcoin (BTC) Price Prediction for May 12 — TradingView News

The majority of the coins keep rising, according to CoinStats.CoinStats”>

BTCUSD

Unlike other coins, the rate of Bitcoin BTCUSD has gone down by 1.37% over the last day.TradingView”>

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.TradingView”>

On the larger time frame, the picture has changed from bullish to bearish. 

If bulls cannot seize the initiative, there is a chance to see an ongoing decline to the $100,000-$102,000 area.TradingView”>

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.

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Bitcoin is trading at $103,153 at press time.

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