Btc Usd Price Action Update May 16 2025

BTC/USD Price Action Update โ€“ May 16, 2025

  • Admin
  • 16 May, 2025

Article overview

๐Ÿ“Š BTC/USD Price Action Update โ€“ May 16, 2025
๐Ÿ”นCurrent Price: 104,109.06
๐Ÿ”นTimeframe: 15M

๐Ÿ“Œ Key Demand Zone:
๐ŸŸข 103,471โ€“103,676 โ€“ Intraday bullish OB (Order Block); price respected this zone and showed strong bounce reaction.

๐ŸŽฏ Target Levels:

TP 1: 104,233 โ€“ Short-term resistance; possible profit-taking area

TP 2: 104,829 โ€“ Clean upside imbalance; next liquidity grab zone

โšก๏ธBullish Bias:

Price bouncing off demand zone with momentum

Holding above 103,850 structure shows buyer strength

๐Ÿ” FXFOREVER Insight:
โœ… Look for candle closure above 104,200 for TP1
โœ… Monitor lower timeframe CHoCH or BOS for re-entries
โœ… Stop-loss should stay protected below 103,470 zone

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