The 1-hour BTC/USD chart highlights a distinct intraday pullback followed by a sharp V-shaped recovery, with price action reclaiming the $103,800 range. The short-term trend is defined by higher lows, suggesting a budding bullish bias. However, the low volume on the recovery warns of cautious sentiment among traders. Entry opportunities are found near $103,000 for quick scalps, while deeper dips to $102,500 may attract aggressive buyers. Resistance stands firm between $104,500 and $105,000, capping immediate upside potential unless a volume-backed breakout occurs.
BTC/USD 1H chart via Bitstamp on May 13, 2025.
On the 4-hour chart, bitcoin currently exhibits a broader shift from uptrend to sideways consolidation with a subsequent pullback. A localized bottom was established at $100,764, and a gradual recovery has been underway. Yet, low volume during this bounce underscores weak conviction from bulls, casting doubt on the sustainability of the advance. Price confirmation near $102,500 to $103,000 is essential for validating any further upside attempts. Resistance remains entrenched at the $105,000 level, corresponding with the previous high.
BTC/USD 4H chart via Bitstamp on May 13, 2025.
The daily timeframe reveals a pretty strong uptrend followed by signs of momentum exhaustion. Price action topped out at $105,706, potentially forming a double top or temporary ceiling. Red candles with diminishing body size and a slight dip in volume during the rally indicate waning buyer interest. A retracement into the $98,000 to $100,000 range may offer a favorable buy-the-dip scenario, particularly if reversal candlesticks like bullish engulfing patterns emerge. Resistance near $105,000 to $106,000 could limit advances absent significant volume support.
BTC/USD 1D chart via Bitstamp on May 13, 2025.
Oscillators for the 1-day timeframe present a mixed picture: the relative strength index (RSI) at 71 and Stochastic at 85 both sit in neutral zones, while the commodity channel index (CCI) at 109 signals a sell. Conversely, momentum at 7,970 and the moving average convergence divergence (MACD) at 4,090 both indicate a buy, reflecting underlying strength in the trend despite near-term volatility. The average directional index (ADX) at 36 and the awesome oscillator at 11,033 further support the neutral to mildly bullish sentiment.
The daily moving averages provide unanimous confirmation of a bullish market structure. All short- to long-term averages, including the 10-period exponential moving average (EMA) at 101,151 and simple moving average (SMA) at 100,482, up to the 200-period EMA at 87,512 and SMA at 91,783, are in buy territory. This consistent alignment of upward-trending averages lends significant weight to the broader positive outlook, though price retracements within trend-support zones are increasingly likely in the short term.
Bull Verdict:
Despite recent consolidation and lower volume on recoveries, bitcoin remains technically strong across all key timeframes, supported by consistent buy signals from all major moving averages. As long as the price holds above key support zones and volume confirms breakouts, the broader bullish trend remains intact with the potential to retest or surpass recent highs.
Bear Verdict:
While the prevailing trend is upward, warning signs such as overbought oscillators, declining volume, and resistance near $105,000 suggest vulnerability to a correction. A break below $100,000 would invalidate the current structure and may trigger a deeper retracement toward the $96,000–$97,000 range, weakening the bullish case.
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