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Btc Usd Price Action Update May 16 2025

BTC/USD Price Action Update – May 16, 2025

  • Admin
  • 16 May, 2025

Article overview

📊 BTC/USD Price Action Update – May 16, 2025
🔹Current Price: 104,109.06
🔹Timeframe: 15M

📌 Key Demand Zone:
🟢 103,471–103,676 – Intraday bullish OB (Order Block); price respected this zone and showed strong bounce reaction.

🎯 Target Levels:

TP 1: 104,233 – Short-term resistance; possible profit-taking area

TP 2: 104,829 – Clean upside imbalance; next liquidity grab zone

⚡️Bullish Bias:

Price bouncing off demand zone with momentum

Holding above 103,850 structure shows buyer strength

🔍 FXFOREVER Insight:
✅ Look for candle closure above 104,200 for TP1
✅ Monitor lower timeframe CHoCH or BOS for re-entries
✅ Stop-loss should stay protected below 103,470 zone

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