Bitcoin Price Analysis on May 13: Fluctuating Near the $105,000 Threshold, Buyers Starting to Be Cautious

After the rise to the sky from below $90,000 in April, the price of Bitcoin is currently trading around $104,000 – indicating signs of "fatigue" just below the key resistance zone of $105,000. On the daily chart, BTC has entered an important supply zone – where strong corrections have previously occurred, suggesting that buying pressure is becoming more cautious.

Current Overview of Bitcoin Price: Touching Important Resistance Zone The recent rise was triggered by a clear breakout above the $95,000 mark, but currently, Bitcoin is facing strong resistance in the zone of $104,000–$106,000 – where price rejections have occurred multiple times in the past. As of now, BTC is recording a slight decrease of 0.1% on the day (, indicating that the trend is temporarily "resting" after a week of rise to the sky. Short-Term Analysis: Divergence Signals from Technical Indicators

On the 30-minute time frame, the price structure of BTC is still in a high zone, but it is transitioning to sideways trading with a flat trend. The RSI is currently at 47.5, below the neutral threshold of 50 – indicating that the upward momentum is weakening. The MACD is also gradually narrowing with the histogram near 0 – a clear signal of weakening upward momentum. The Bollinger Bands are contracting around the zone of $104,000 – usually a sign of an impending strong volatility, but the candles have small bodies, indicating a lack of clear direction in the market.

In particular, on the 4-hour time frame, the Ichimoku Cloud shows that the price is still above the clouds – a positive signal, but both the Tenkan-Sen and Kijun-Sen are flat – indicating a slowdown in the upward trend. Why is the price of Bitcoin stagnating near $105,000? The price is currently "stuck" between a short-term accumulation phase and a long-term upward trend. On the 30-minute chart, a tight fluctuation zone has formed in the range of $103,800–$104,800, with no side clearly dominating.

The early week rallies were supported by a bullish triangle pattern around $101,000, but the recent candles failed to close above $104,500. If BTC breaks the short-term uptrend and loses the $103,500 mark, a correction to the $102,500–$103,200 support zone may occur. However, there is still no clear reversal pattern. The overall trend remains in favor of the bulls as the price is above the 200-)4H( EMA, which is currently around $97,400. Bitcoin Price Forecast on May 13

Looking ahead, if the bulls push the price of Bitcoin above $105,200 with volume confirmation, the next resistance level is at $107,500 and then at $110,000. A decisive breakout from this zone could open up new buying positions. The negative side is that if the price of Bitcoin today drops below the threshold of 103,000 USD, the price is likely to return to the threshold of 101,500 USD and the previous breakout zone is 99,000 USD. The main support level that the buyers need to protect remains the psychological threshold of 100,000 USD, which also aligns with many EMA lines and Ichimoku support. With indicators like Stoch RSI showing oversold levels on the 4-hour chart and MACD moving sideways, Bitcoin seems to be ready for a move in the direction — traders should closely monitor the volume to confirm the breakout or breakdown. BTC Technical Forecast Table: May 13