Bitcoin Price Prediction: A Closer Look for May 14

Bitcoin is currently trading at $103,073 with signs of bearish pressure after failing to break through resistance levels. Should buying momentum not pick up, prices may test $102,500 soon. A larger perspective indicates potential corrections down to $100,000 if resistance levels remain unbroken.

Bitcoin (BTC) continues to see fluctuating prices as bulls attempt a comeback after recent corrections, according to information from CoinMarketCap. The latest price shows Bitcoin BTCUSD hovering around $103,073, which hasn’t shifted significantly since yesterday, indicating a moment of stability amidst volatility.

In details regarding the hourly trading chart, the rate of Bitcoin shows a downward trend following a recent false breakout of the local resistance level set at $104,207. Should the buying pressure not intensify soon, analysts suggest that Bitcoin could test the $102,500 mark by tomorrow, putting extra pressure on traders to either step up or face further declines.

On a larger time scale, the bullish momentum seems to have stalled after a strong candle closure failed to maintain upward movement. It’s particularly worrisome if the closing bar settles around $102,000, as this scenario might signify a potential test for the $100,000 threshold, a psychological level for many traders.

From a mid-term perspective, Bitcoin has also experienced a false breakout of the resistance barrier set at $104,985. If recent trading remains distant from this mark, there could be real prospects of correction down to $100,000 or even lower prices. Investors are closely watching these developments as they ponder potential moves in an unpredictable crypto market.