#MastercardStablecoinCards

As of May 16, 2025, Bitcoin (BTC) is trading at approximately $103,734, reflecting a 1.53% increase from the previous close.

Here are the key support and resistance levels to watch:

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🔼 Resistance Levels

$104,000–$105,000: Bitcoin is encountering strong resistance in this range, leading to a temporary slowdown in its upward momentum.

$107,000: This level is significant due to previous peaks and may act as a barrier if the price continues to rise.

$109,000–$112,000: This zone represents a formidable resistance area, coinciding with previous all-time highs.

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🔽 Support Levels

$102,000: Identified as a key support level, providing a base for potential upward movements.

$100,000: A psychological support level that traders are closely monitoring for potential buying opportunities.

$97,000: This level has acted as strong support in recent trading sessions.