Bitcoin (BTC) Technical Analysis (as of May 30, 2025): Current Price and General Situation: * Bitcoin has recently tested new peaks by reaching $111,000. It is currently trading in the $106,000 - $107,000 band. * It is generally observed to be in an upward trend in the medium term. It is showing strong development within the rising trend channel. Support and Resistance Levels:
* Current Price: Approximately $108,104 USD (as of May 29, 2025)
* Current Support Area: $106,350 - $107,500
* Major Support Levels:
* $100,000 (Psychological and technical support)
* $90,000 - $92,000 (Strong consolidation and technical support)
* $89,000 (January 2025 lows and March/April local highs)
* $82,000 (February/March lows)
* $74,000 (Early April lows indicating bull/bear trend divergence)
* Resistance Levels:
* $108,600 (Between moving averages)
* $110,500 - $112,030 (Major all-time high (ATH) resistance) * $115,000 - $117,000 (Fibonacci extension potential resistance) * $125,000 (Some analysts' near-term target) Technical Indicators: * Moving Averages (MA): * 4-hour MA 50 was a support during the recent rally, but is now acting as resistance. * Both MA 50 and MA 200 are currently acting as resistance levels. It is important for the price to break these levels for the uptrend to continue. * Relative Strength Index (RSI): * The RSI is generally in the middle range, indicating a balance between buying and selling forces. The daily RSI is showing a bullish divergence (at 62). * Bollinger Bands: * The price is moving close to the upper boundary of the Bollinger Bands, indicating a strong uptrend. * MACD (Moving Average Convergence Divergence):
* A bullish crossover on the daily MACD and rising histogram bars suggest continued bullish momentum in the short term.
Potential Scenarios:
* Bullish Scenario (Bullish): If Bitcoin can break out of current resistance levels (especially $110,500 - $112,030), the next targets could be $115,000 - $117,000 and even $125,000. Continued institutional interest and ETF inflows could support this scenario.
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CryptoAnTT9
· 2025-05-30 15:05
HODL Tight 💪
Reply0
Selim_sari
· 2025-05-30 09:56
Bull Run 🐂
Reply0
Smirney
· 2025-05-30 09:54
Buy To Earn 💎
Reply0
Herman_ziegel
· 2025-05-30 09:53
2025 GOGOGO 👊
Reply0
Old_man
· 2025-05-30 09:52
Thanks for the updated details and data.
Reply0
Miya_xanaka
· 2025-05-30 09:51
2025 GOGOGO 👊
Reply0
Sel_98_sw
· 2025-05-30 09:50
Buy To Earn 💎
Reply0
Cansen_io
· 2025-05-30 09:49
It has a solid project. It is a coin with a very good future.
#BTC
Bitcoin (BTC) Technical Analysis (as of May 30, 2025):
Current Price and General Situation:
* Bitcoin has recently tested new peaks by reaching $111,000. It is currently trading in the $106,000 - $107,000 band.
* It is generally observed to be in an upward trend in the medium term. It is showing strong development within the rising trend channel.
Support and Resistance Levels:
* Current Price: Approximately $108,104 USD (as of May 29, 2025)
* Current Support Area: $106,350 - $107,500
* Major Support Levels:
* $100,000 (Psychological and technical support)
* $90,000 - $92,000 (Strong consolidation and technical support)
* $89,000 (January 2025 lows and March/April local highs)
* $82,000 (February/March lows)
* $74,000 (Early April lows indicating bull/bear trend divergence)
* Resistance Levels:
* $108,600 (Between moving averages)
* $110,500 - $112,030 (Major all-time high (ATH) resistance)
* $115,000 - $117,000 (Fibonacci extension potential resistance)
* $125,000 (Some analysts' near-term target)
Technical Indicators:
* Moving Averages (MA):
* 4-hour MA 50 was a support during the recent rally, but is now acting as resistance.
* Both MA 50 and MA 200 are currently acting as resistance levels. It is important for the price to break these levels for the uptrend to continue.
* Relative Strength Index (RSI):
* The RSI is generally in the middle range, indicating a balance between buying and selling forces. The daily RSI is showing a bullish divergence (at 62).
* Bollinger Bands:
* The price is moving close to the upper boundary of the Bollinger Bands, indicating a strong uptrend.
* MACD (Moving Average Convergence Divergence):
* A bullish crossover on the daily MACD and rising histogram bars suggest continued bullish momentum in the short term.
Potential Scenarios:
* Bullish Scenario (Bullish): If Bitcoin can break out of current resistance levels (especially $110,500 - $112,030), the next targets could be $115,000 - $117,000 and even $125,000. Continued institutional interest and ETF inflows could support this scenario.