The main dishes to remember:
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Possible disintegration before printing of the ICC of May 13 could play a role in correction of the BTC price today.
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The structure of the bitcoin market and the qualitative fundamentals remain optimistic, which suggests that today’s correction could be short -lived.
Bitcoin (BTC) The price briefly stumbled on May 12, falling at $ 102,388 after reaching an intra -day summit at $ 105,819 during the American negotiation session. At first glance, the brutal correction seemed unexpected given the new positive of the day. Since Sunday evening (May 11), the titles of the consumer media have reported the positive advances carried out in the US-Chinese trade negotiations occurring in Switzerland, and throughout the evening, President Trump directed his victory laboratory via the social posts of truth announcing the positive points of the agreement.
Breaking: The United States announces the Chinese trade agreement in Geneva pic.twitter.com/jjgvyavage
– The White House (@Whitehouse) May 11, 2025
While the news of the provisional agreement broke out, the markets on American actions have soaked, and these gains were materialized in a rally of 1,000 points in the Dow at the opening bell. Looking beyond the temporary resolution of the American-Chinese trade war, Bitcoin has accumulated consecutive victories in the past two weeks. On May 12, the CEO of the strategy Michael Saylor announced that the company had acquired 13,390 bitcoinbearing its total balance to 568,840 BTC.
The same day, the actions of the Knilymd health company increased 600% After announcing the merger with Nakamoto Holdings, a Bitcoin investment company founded by David Bailey, who is the current Crypto advisor to Trump. The month of April has followed a trajectory similar to today, where frequent ads for creating Bitcoin Treasury have been made by an assortment of companies based in the United States and internationals.
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Profits and disintegration stimulate the current bitcoin price correction
While Bitcoin mass adoption Seems to accelerate, Glassnod data suggest that the BTC price could be in a brief consolidation period after winning 9% last week. Onchain’s analysis company published the following chart and warned that:
“”BTC The cartography of the offer shows a strong force in a new request. The first RSI buyers took place at 100 all week. But Momentum buyers remain low (RSI ~ 11), and the candidates up. If new slow entrances, lack of follow -up could lead to consolidation. »»
During the main exchanges of crypto, there was an increase in sale on perpetual term markets, and the sale was also considered in the spot markets while the BTC price has rallied to a sale wall nearly $ 106,000.
From the point of view of a merchant, part of the sale could be possible to be derisory before the inflation report of the consumer price index of May 13 (ICC), as well as the opinion that Trump’s trade agreement with China is now at the price after BTC has failed to rally and maintain more than $ 104,000 on such important news.
Living at War War News, the US dollar index (DXY) has rallied and the stock market indices has skyrocketed. Seeing that Bitcoin does not break and holds $ 104,000 at $ 105,000 before the opening of stock contracts, then BTC not being able to follow the actions to open actions in the New York session suggests that certain traders have been elected to close profitable long before the ICC of tomorrow or before the current appetite changes to reduce price levels.
This view can be interpreted by the above graph, showing an open interest that increases the hour on time, as well as a brutal increase in the funding rate as short positions opened and longs were liquidated.
In cash purchases played an important role in the Bitcoin price rally last week, and the May 12 announcement of Strategy and Spot BTC ETF, of the last 7 days, raises more immediate concerns as to whether the type of purchase seen since the end of April is doing in another week.
Given the rate of acceleration of the adoption of bitcoin in traditional finance and the cryptographic regulatory environment improving quickly, the current price action seems to be a short -term technical correction. Perhaps, depending on the printing, the task and the margin of the CPI of tomorrow will come back in force once the market will digest the details of the report.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.