BTC price aims for a new all-time high.

BTC Analysis: Daily Chart on May 12, 2025

BTC still maintains a high-level sideways consolidation, with the current high price around 105200, and it has now pulled back to around 103800. Although it has not yet reached the previously mentioned daily short-term resistance at 106000, it is gradually rising. Let's see if it continues to consolidate this week or if it will have a pullback!

In terms of trends:
The small-scale trend shows that the highs are gradually reaching new heights, and the lows are also slowly rising. In the short term, pay attention to the support level near 102000 below, which was previously a hard-hit area and has now become support! Above, continue to focus on the pressure around 106000 in the daily chart, which is several times the pressure, as well as the historical new high!

Operation suggestion: The risk at this position of BTC is quite high, and the cost-effectiveness of chasing the rise is not good anymore. You can pay more attention to altcoins, which may have catch-up and bull market effects!

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