<ul><li>Bitcoin soared past $100,000, instilling optimism in the market and maintaining a 10% weekly gain.</li><li>Institutional interest in BlackRock iShares Bitcoin Trust (IBIT) resulted in 19 consecutive days of positive inflows, totaling $1.03 billion in the past trading week.</li><li>BTC's price stood at $103,916, showcasing a 'Bullish Engulfing' candle formation and a 'Higher High and Higher Low' pattern.</li><li>Key levels for BTC are support at $90,000 and $100,000, with resistance at $110,000 and $125,000, offering insights for traders.</li></ul>

Bitcoin Technical Analysis Report – 12th May 2025

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