LNMTrader's Bulletin 📈📋

Monday, May 12, 2025

🍜 SHORT-TERM FORECAST:

🔸 May 12, 2025 (Today):

- Bitcoin is likely to consolidate around $104,000-$105,000, testing resistance near $106,000.

- Support at $103,000 holds if selling pressure increases. Volatility may rise due to upcoming economic data releases.

🔸 May 13, 2025 (Tomorrow):

- If resistance breaks, $BTC could push to $107,000-$109,000.

- If rejected, expect a dip to $102,500-$103,500, forming a higher low. Sentiment remains bullish unless support fails.

🚀 WGMI BOIS! TRADE A C C O R D I N G L Y ! ✨

[Disclaimer: The Bitcoin price forecast provided is for informational purposes only and should not be considered investment advice. Bitcoin derivatives markets are highly volatile and the coin price can fluctuate significantly. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.]

☕️ TL;DR: Trading Notes

🔹 "Bitcoin hovers near all-time highs, backed by strong technical momentum trading above its 50 and 200-day moving averages," said Kronos Research CIO Vincent Liu. "Rising institutional adoption and a favorable 2025 outlook point to a plausible path toward another ATH."

▫️ However, bitcoin's relative strength index (RSI) indicates that the cryptocurrency is in the "overbought" territory, analysts pointed out.

▫️ "This doesn’t necessarily signal an immediate reversal, but it does raise the likelihood of some short-term cooling or sideways movement," $BTC Markets Analyst Rachael Lucas said. "A retest and consolidation above the key psychological level of $100,000 would be a healthy development and could provide a base for further upside."

🔹 @Metaplanet_JP now holds more Bitcoin than El Salvador.

🔹 Sovereign wealth funds have begun to dabble in Bitcoin, but massive bets remain on hold.

▫️ State‑owned funds won’t go big, SkyBridge founder Anthony Scaramucci has said, until the United States sets out with certainty how digital assets will be part of its financial system.

▫️ He spoke on Anthony Pompliano’s podcast on May 8, and it is only a matter of waiting.

🔹 Are Bitcoin Bears Losing Out? $31 Million Wiped Out In $BTC Shorts Liquidation.