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Bitcoin’s price action has drawn a sharp dividing line between long-term bullish expectations and short-term reality. After peaking above $111,000 in May, the Bitcoin price has entered a retracement phase and is now trading below $105,000. While some interpret the current downturn as a sign of a weakening trend, others see it as a textbook bullish correction.  Among them is crypto analyst MasterAnanda, whose latest chart suggests that Bitcoin is structurally strong enough to reach new highs, but it might fall short of the speculated $200,000 price target this cycle. Related Reading: No Room For Doubt: Analyst’s $900K Bitcoin Forecast Follows Familiar Script MasterAnanda Predicts Higher Low And $137,000 Target In his TradingView post, MasterAnanda stated clearly that Bitcoin is still in a bullish structure, but he believes a $200,000 peak is out of reach for this cycle. Instead, he identified $137,000 as the more realistic upside target when Bitcoin finally rebounds from the ongoing correction. According to the analyst, the formation of a higher low on the larger time frame will be an important confirmation that Bitcoin’s macro uptrend remains intact. He outlined $88,888.88 as an ideal retracement level to make this perfect higher low, because it aligns with the 0.618 Fibonacci level and comes in well above the prior bottom at $74,500 on April 7. Despite the current sell-off, MasterAnanda argues that the broader trend is healthy. “Bitcoin will never ever trade below $80,000 in its history again,” he declared, ruling out any deep reversal below the prior low. On the other hand, the analyst also noted that if Bitcoin holds above $100,000 to $102,000, this retracement would be considered minor, with price action still classified as bullish continuation rather than a breakdown. If Bitcoin bulls manage to keep prices trading above that area, it would suggest the current move is nothing more than a short-term dip. When that moment arrives, the bias will shift from short to long, and a rally to $137,000. However, a clean break below the $100,000 price level would mark a significant shift in how long Bitcoin reaches new highs. Chart From TradingView: MasterAnanda RLinda Echoes $101,000 Support For Bitcoin Adding to the analysis, another trader, RLinda, shared a 4-hour chart perspective showing how Bitcoin is currently in a fragile recovery path. She agrees that Bitcoin is still operating within a bullish context, but flagged the $102,000 and $101,400 zones as vital structural supports. Her chart suggests that the false breakout at the key $110,000 resistance level is the end of the recent rally leg, and the current decline could be a liquidity-driven correction rather than a complete reversal of the bullish trend. Furthermore, RLinda’s analysis shows that Bitcoin has exited its upward channel. The outcome, she said, will depend heavily on whether support levels at $102,000 and $101,400 can hold. A bounce from these levels could lead to a retest of the $106,000 to $108,000 resistance zone, where market direction may become clearer. If bulls fail to hold $101,000, it could invite a more dramatic sell-off that pushes the Bitcoin price toward a local bottom or even deeper. Chart Image From TradingView: RLinda Related Reading: Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? Together, both analysts agree on one thing: Bitcoin’s current correction is not yet a full collapse. At the time of writing, Bitcoin is trading at $104,290, up by 0.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Bitcoin’s price slipped to $105,235 today, dropping 1.5% over the past 24 hours and falling 4.2% in the last week. Some market watchers see this dip as a pause before a major move. According to their charts, Bitcoin could be gearing up for another steep gain. Related Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ Historical Patterns Point To Rebound Based on reports from the analyst known as “Mister Crypto,” rounded-bottom formations and ascending triangles have marked every big Bitcoin rally. In 2013, when Bitcoin was trading under $10, it spent months in a smooth, curved base before breaking out and climbing past $1,000. A similar pattern showed up in 2017. After nearly three years of sideways action, the price finally exploded toward $20,000. The last cycle in 2021 also followed the same playbook, with almost four years of building a wide base before shooting up to nearly $70,000. Bitcoin will go parabolic. This time won’t be different! pic.twitter.com/0fEMMMclbD — Mister Crypto (@misterrcrypto) May 29, 2025 Mister Crypto’s chart suggests that the period after 2021 has formed another base. If history plays out the same way, his forecast points to a breakout in 2025 that could send Bitcoin as high as $900,000—a 760% rise from today’s level. Analyst Charts Re-Accumulation According to charts shared by another analyst, Bitcoin often moves in stages. First, there’s an initial “leg up” that signals the shift from deep accumulation into a growing bull trend. Then, the price settles into a sideways “re-accumulation” phase before the final run. From 2019 through 2021, Bitcoin followed this path closely. Analysts note that from late 2023 into mid-2025, Bitcoin looks to be in that same re-accumulation phase. If this unfolds as in past cycles, the next big upswing could push Bitcoin into the $270,000–$350,000 range before any parabolic spike comes into view. Long-Term Holders Keep Adding Coins On-chain data shows long-term holders (addresses that haven’t moved their coins in over 155 days) are still piling on. Between March 3 and May 25, 2025, these holders increased their overall supply by nearly 1.40 million BTC. That pushed long-term holdings from 14,354,000 BTC to 15,739,400 BTC. In previous bull markets—like those in 2013, 2017, and 2021—long-term holders often sold during the rallies to lock in profit. Related Reading: Panama Canal Could Prioritize Bitcoin-Paying Ships, Mayor Suggests Today, though, they seem content to hold. If large pockets of Bitcoin remain off exchanges, fewer coins are available for new buyers. That could tighten supply and make sharp moves more likely once demand picks up. Looking Ahead In Uncertain Market Bitcoin has lost momentum recently, but many analysts feel these dips won’t last. At $105K region, the price sits below last week’s levels. Based on reports, some see that as healthy consolidation before a bigger run. Others warn that global interest rates, regulation, and macro factors could slow things down. Featured image from Pexels, chart from TradingView

Panama City’s mayor, Mayer Mizrachi, put forward an unusual plan at the Bitcoin 2025 conference in Las Vegas on May 29. He suggested that cargo ships could speed up their transit through the Panama Canal if they paid in Bitcoin. It was a brief comment, but it set off a flurry of questions about how it might work in practice. Related Reading: Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO Bitcoin Payments For Priority Passage According to reports from the panel, Mizrachi spoke alongside El Salvador’s Bitcoin policy leaders, Max Keiser and Stacy Herbert. He said that ships could “cut the line” by paying tolls in Bitcoin. He offered the idea as a way to reward early adopters. It was presented in a casual tone, but it touched on a serious topic: how fast payments could tie into a long-standing shipping process. Ships Could Pay Panama Canal Transit Fees in Bitcoin The mayor of Panama City, Mayer Mizrachi, said he is exploring bitcoin payment options for ships passing Panama Canals. “What if you have a perk for paying in bitcoin?” Mizrachi mused. “You’d get to go faster.” ???????????? pic.twitter.com/zciROaSGjM — Ray (@ray4tesla) May 30, 2025 Questions Over Fees And Fairness Based on what was discussed, the Canal’s current rule is first-come, first-served. Changing that would need approval from the Panama Canal Authority and Panama’s national government. Shipping companies might push back if they feel smaller carriers are priced out. US President Donald Trump weighed in late last year, arguing that US ships faced “unfair tolls” and hinting at reclaiming the Canal in December 2024. That episode showed how sensitive Canal changes can be. Handling A $5 Billion Business According to the Panama Canal website, the waterway brought in around $5 billion in revenue between October 2023 and September 2024. Nearly 10,000 ships passed through, carrying about 423 million tons of goods. That’s about 5% of global maritime commerce. If Bitcoin payments were allowed, the Authority would need a plan to deal with price swings. One day’s checkout could be 50 BTC, the next it might jump to 60 BTC. Panama would likely need a quick exchange system to turn BTC into dollars or other stable currencies. Related Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ A Push For City-Level Crypto Mizrachi has also backed letting people pay city fees—taxes, fines and permits—in Bitcoin, Ether and USDC. He raised the idea of a Bitcoin reserve for Panama City, which produces over half of the nation’s GDP. He noted he wouldn’t need more laws to start one. But real steps will depend on lawmakers and officials at the national level. For now, it remains a mayoral proposal, rather than a binding plan. Mizrachi claimed over $5 billion in Bitcoin transactions happen in Panama every year, though much of it is “behind closed doors,” he said. Featured image from Pexels, chart from TradingView

Ripple’s chairman Chris Larsen praised the crypto network’s move toward greener energy this week. He spoke after Ripple handed over the “Skull of Satoshi” artwork at the 2025 Bitcoin conference. Larsen said the gift was a way to recognize progress and to build a better rapport between the two camps. Related Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ Ripple Bridges A Divide According to posts on X, Larsen funded the “Change the Code, Not the Climate” campaign entirely on his own back in 2023. He spent six figures to back Canadian artist Benjamin Von Wong’s piece, which urged Bitcoin to swap its energy-guzzling proof-of-work system for something kinder to the planet. The plan didn’t pan out as he had hoped. Still, Larsen seemed upbeat about moving past that setback. He made clear Ripple itself didn’t put any cash into the drive. In early 2023 when I funded the “Change the Code” campaign, my goal was to see if there was a way to turn Bitcoin into an accelerator for direct air capture. The campaign didn’t work, and that’s ok! Note – Ripple did not fund this campaign. Bitcoin’s energy transition in the… https://t.co/qIcadDtzDu — Chris Larsen (@chrislarsensf) May 28, 2025 Bitcoin’s Shift To Renewables Based on reports from the Cambridge Centre for Alternative Finance, about 50% of Bitcoin’s power now comes from renewable sources. That includes wind, hydropower and even nuclear energy. Miners have also tapped into waste gas projects, turning flared natural gas into fuel for their rigs. Five years ago, those numbers were far smaller. Today, the shift shows that Bitcoin can clean up its act without rewriting its code. Special guest at Bitcoin 2025 – the Skull of Satoshi, donated by @Ripple to the Bitcoin community. The Skull will now have a permanent home at the Bitcoin Museum in Nashville. pic.twitter.com/Eo3kNqRvGp — The Bitcoin Conference (@TheBitcoinConf) May 28, 2025 Skull Of Satoshi Donation At yesterday’s conference, Ripple formally handed the skull sculpture to the wider Bitcoin community. The gesture was more than a photo-op. It signaled that Ripple wants to ease the tension between XRP supporters and Bitcoin purists. In the past, the two groups have sparred over fees, speed and now environmental impact. By giving away an artwork meant to spark debate, Ripple is saying, “Let’s talk, not fight.” Call For A United Crypto Front Ripple’s CEO Brad Garlinghouse joined in the show of goodwill. He called on all crypto players to pull together. He urged regulators to carve out clearer rules, and asked industry insiders to focus on serving the unbanked. Garlinghouse stressed that XRP and Bitcoin fans have more in common than they might think. He said it’s time to unite against outside pressures, like tightening regulations and market skepticism. Related Reading: Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO Looking ahead, Ripple’s move could set a tone for how rival networks interact. It proves that even tough critics can find common ground. And it suggests that big art—and big ideas—can help bridge divides. Featured image from Unsplash, chart from TradingView

Bitcoin is showing signs of fatigue after reaching a new all-time high of $111,814 on May 22. Since then, Bitcoin has had multiple failed attempts to break above this level, which has led to an increase in bearish pressure. Over the past several days, price action has begun forming a sequence of lower highs on the 4-hour timeframe, which, according to technical analysis on the TradingView platform, is interpreted as a signal that bullish momentum may be losing steam.  Resistance Rejects Again With Double Top Risk The analyst behind the TradingView post highlighted the clear rejection pattern near the $111,000 to $112,000 zone, which Bitcoin has repeatedly tested since last week but has failed to break through. This repeated failure to break higher says that bullish momentum is fading fast, especially as retail buyers are now somewhat hesitant to buy at this zone. Related Reading: Crypto Market Today: 5 Bullish Catalysts To Watch That Say Bitcoin Price Is Going Higher According to the chart analysis, the current price movement is beginning to resemble a classic double top structure, which is a technical formation that often signals a shift from bullish control to bearish dominance. Given the weakening follow-through on each upward attempt, this setup could be the early signal of a more significant market reversal in the days ahead. With this in mind, the analyst illustrated this outlook with a projected zigzag path on a 4-hour candlestick timeframe chart, anticipating that another rejection from the resistance band could trigger a cascading move downward. Furthermore, these multiple rejections have led to a simultaneous weakening of support around $105,000, and this level could give way at any time soon.  Bitcoin Might Drop To $102,000 Support Zone If this projected zigzag path plays out, Bitcoin’s price could break lower in the coming days and head toward a support area located between $101,000 and $102,000. This zone comes into focus because it acted as a strong support level between May 14 and May 19. Bitcoin eventually found footing around this level to stage a rebound that ultimately pushed it to the all-time high of $111,900 reached on May 22. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next Although the bull market narrative is still dominant in the long term, the current price action has shifted the short-term tone of the market to bearish. This analysis addresses that potential, and Bitcoin could revisit the $101,000 to $102,000 before another leg up. At the time of writing, Bitcoin is trading at $105,272, down by 2.5% in the past 24 hours. The $106,800 support level has already given way, and the focus is now on holding above $105,000. If Bitcoin fails to hold above $105,000 in the coming trading sessions, it could lead to a cascading downturn towards $101,000 during the weekend. Featured image from Getty Images, chart from Tradingview.com

Bitcoin price started a fresh decline and tested the $104,600 zone. BTC is now consolidating and might struggle to recover above $107,500. Bitcoin started a fresh decline below the $107,500 zone. The price is trading below $107,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $107,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if it breaks the $104,000 support zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline and traded below the $107,500 support zone. BTC even traded below the $105,600 level and tested the next support at $104,600. A low was formed at $104,604 and the price is now consolidating losses. There was a move above the $105,200 level, but the price is still below the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $104,604 low. Bitcoin is now trading below $107,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $106,000 level. The first key resistance is near the $107,000 level. The next key resistance could be $107,500. There is also a connecting bearish trend line forming with resistance at $107,550 on the hourly chart of the BTC/USD pair. It is close to the 50% Fib retracement level of the recent decline from the $110,500 swing high to the $104,604 low. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $107,500 resistance zone, it could start another decline. Immediate support is near the $104,500 level. The first major support is near the $104,000 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $104,000, followed by $103,200. Major Resistance Levels – $106,000 and $107,000.

Bitcoin has been trading in a tight band lately. Over the last 24 hours it dipped a bit, but it still sits between $108,000 and $110,000. According to market data, that range has held firm even as volatility showed up back in January and April. Related Reading: Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO Lagging Money Supply Signal According to analyst Kyle Chassé, Bitcoin’s price tends to follow global M2 money supply with a 90-day lag. He matched daily closes on the Bitstamp exchange against world M2 data shifted three months back. That overlay shows that when global liquidity climbs, Bitcoin often rises after roughly 90 days. Short-Term Price Moves Bitcoin first spiked above $109,000 this past January. Then it fell below $75,000 in early April. Since that dip, it’s climbed back toward the $110,000 mark. Based on the lagged money-supply trend, it feels like a pause in a bigger up-and-down cycle rather than the end of a rally. Growing Money Figures Global M2 stood at about $98 trillion in early 2023. It rose to just over $108 trillion by early 2024. Then growth slowed, and Bitcoin spent some time below $80,000. Lately, M2 is past $111 trillion. Based on those numbers, reports say Bitcoin’s upside could stretch into mid-2025 as liquidity stays strong. Bitcoin is coded to $400K. pic.twitter.com/6BbogYw1UX — Kyle Chassé / DD???? (@kyle_chasse) May 27, 2025 Bullish Price Targets Chassé projects Bitcoin may hit $400,000 if global M2 keeps growing. It is “coded“, he says. That means roughly a 270% jump from the current $108,000 level. Based on this model, investors watching liquidity trends might see big gains, though it won’t be smooth. Other experts point out that money supply isn’t the only driver. Real interest rates, policy shifts and on-chain signals can speed up or slow down moves. If central banks turn hawkish, for example, higher rates could undercut Bitcoin even if M2 ticks up. Related Reading: $10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare What Comes Next Based on reports from Global Macro Investor, global M2 leads Bitcoin by about 12 weeks. That gives traders a rough timetable. If M2 growth really slows in coming months, Bitcoin may hold its ground or correct first. On the flip side, any fresh liquidity surge could set the stage for new highs. In the end, the link between money supply and Bitcoin price is a useful guide. It won’t tell you exactly when to buy or sell. But for anyone tracking big-picture trends, knowing that cash growth can flow into crypto after a three-month delay could help time decisions better. Featured image from Unsplash, chart from TradingView

Eric Trump believes owning even a small piece of Bitcoin could change someone’s future. Speaking at the Bitcoin 2025 Conference in Las Vegas on May 27, he said 0.1 BTC might become worth a fortune as demand keeps climbing. Bitcoin is now trading at $107,820, making it feel out of reach for many. But Trump insists people shouldn’t worry about owning a full coin. Related Reading: $8 XRP Sounds Huge—But This Analyst Isn’t Cheering Yet He and his brother, Donald Trump Jr., shared their thoughts during a panel discussion moderated by Aaron Arnold from the Altcoin Daily Show. They encouraged everyday investors to take that first step—even if it’s just buying a fraction. Bitcoin’s High Price Sparks Doubts A lot of people now wonder if they’ve already missed the boat. With one Bitcoin costing over $100K, even 0.1 BTC costs around $10,770. That’s still a big chunk of money. Some potential investors are backing off, thinking that small amounts aren’t worth much anymore. “0.1 Bitcoin is going to be worth an absolute fortune.” pic.twitter.com/o3vMTmZZyz — Altcoin Daily (@AltcoinDailyio) May 29, 2025 Arnold addressed this during the panel, saying many feel discouraged when they can’t buy a whole coin. But Donald Trump Jr. said that’s the wrong way to look at it. “People thought Bitcoin was too expensive when it hit $1,000,” he said. Then it was the same at $10,000 and again at $50,000. To him, it’s more important to just start somewhere and learn as you go. Small Investments Lead To Bigger Interest Trump Jr. explained that owning even a little piece of Bitcoin makes people more likely to pay attention to the market. That curiosity, he said, often leads to more learning and deeper involvement. Eric Trump added that everywhere they go—from the Middle East to Europe and Asia—they see strong interest in Bitcoin. He mentioned that both big corporations and wealthy families are trying to get in. According to him, even sovereign wealth funds and private offices are getting serious about Bitcoin. Related Reading: $10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare Scarcity Is Becoming A Bigger Issue Eric also pointed out that it’s becoming harder to find Bitcoin on exchanges. He said he spoke with Simon Gerovich of Metaplanet, who told him over-the-counter desks are running low on Bitcoin, even as demand keeps rising. This shortage could drive prices even higher. Eric believes this is another reason why 0.1 BTC could hold serious value down the road. “People want Bitcoin,” he said, “and they don’t want to sell it.” Featured image from Newsweek, chart from TradingView

Bitcoin has spent the last five days trading within a relatively narrow range between $106,229 and $111,807, following its recent all-time high of $111,814. Despite the increase in selling pressure from miners after the all-time high, the price of Bitcoin has managed to hold above $108,000, with on-chain data showing Bitcoin diamond hands absorbing all the selling pressure. Long-Term Holders Accumulating With Minimal Spending According to data from the on-chain analytics platform CryptoQuant, the Long-Term Holder (LTH) Spending Binary Indicator has fallen to its lowest level since September 2024. This interesting trend was initially noted on the social media platform X by crypto analyst Alex Adler Jr. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next The 15-day moving average of this metric, as shown in the chart by CryptoQuant, has dropped to the minimal spending zone. Notably, this zone has consistently preceded a more bullish move in the Bitcoin price.  In parallel, long-term holder supply has risen by approximately 300,000 BTC over the past 20 days. This marks a deviation from the trend of declines in the long-term holder supply since 2024. At the time of writing, 14.6 million BTC, representing about 74% of the total current circulating supply of BTC, is in addresses classified as long-term holders.  This pattern suggests that so-called “diamond hands”, i.e., investors with a strong conviction who hold through volatility, are not only refraining from selling with Bitcoin’s recent new peak, but are actively accumulating. The chart below shows the correlation between minimal LTH spending and rising price action, a behavior that also aligned with phases of Bitcoin’s uptrend in 2019, late 2020, and late 2024. Why It’s Bullish For The Market The significant uptick in long-term holder supply, combined with minimal selling activity, reveals a hidden strength in the market. The current behavior of long-term investors also indicates their confidence in Bitcoin’s valuation at current levels, despite the recent price surge. Many of these long-term holders are in substantial profit, yet still choose to hold. This is unlike short-term holders, who have collectively realized over $11.6 billion in profits over the past month alone. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens Drawing a parallel with historical data, the current decline in long-term holder (LTH) spending mirrors a similar pattern observed in September 2024. At that time, the LTH Indicator was in the minimal zone, and the long-term holder supply was also increasing steadily. What followed was a remarkable 96% surge in Bitcoin’s price, rising from approximately $54,000 to peaks around $106,000 in December and January. If the market were to follow a similar trajectory from the current price level, a comparable 96% rally would see Bitcoin rise to a new peak near $212,000. At the time of writing, Bitcoin is trading at $109,000. Featured image from Getty Images, chart from Tradingview.com

Bitcoin price started a fresh decline and tested the $106,800 zone. BTC is now consolidating and might aim for a move above $108,500 Bitcoin started a fresh decline below the $108,500 zone. The price is trading below $108,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $108,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $108,500 resistance. Bitcoin Price Hits Support Bitcoin price started a fresh decline and traded below the $108,500 support zone. BTC even traded below the $107,400 level and tested the next support at $106,800. A low was formed at $106,800 and the price is now recovering. There was a move above the $107,500 level. The price surpassed the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $106,805 low. Bitcoin is now trading below $108,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $108,000 level. There is also a key bearish trend line forming with resistance at $108,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $108,650 level. It is close to the 50% Fib level of the recent decline from the $110,500 swing high to the $106,805 low. The next key resistance could be $109,000. A close above the $109,000 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $108,500 resistance zone, it could start another correction. Immediate support on is near the $107,200 level. The first major support is near the $106,800 level. The next support is now near the $106,000 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $107,200, followed by $106,800. Major Resistance Levels – $108,000 and $110,000.

Samson Mow, a Bitcoin expert and the Chief Executive Officer (CEO) of JAN3, a BTC-focused infrastructure firm, has shared a striking take on the current valuation of the flagship cryptocurrency. According to Mow, Bitcoin is still far from its full potential and, in his view, should already be priced at $10 million per coin. Why Bitcoin Is Not Worth $10 Million Yet In a recent post on X (formerly Twitter), Mow stated, “If the world understood Bitcoin, we would be at $10 million a coin now.” This comment reflects his belief that Bitcoin’s true value is heavily undervalued and underestimated.  Related Reading: Massive $200 Million Sell Wall Holds Bitcoin At $111,000 And $113,000 – Here’s What We Know For Mow, BTC is more than just a coin to trade; it is a revolutionary asset that could shake up the foundations of the current financial system. With its capped supply, decentralized nature, and consistently growing value, many even believe that BTC has the potential to act as a global reserve currency.  Yet despite growing adoption and visibility, Mow argues that most people in the world, including institutions, policymakers, and retailers, still do not fully comprehend Bitcoin and its implications. According to the JAN3 CEO, this knowledge gap is what is holding Bitcoin back from achieving the massive price surge that he and many other long-term advocates anticipate.  While the $10 million mark remains speculative for now, Mow’s remarks reflect a wider sentiment among Bitcoin enthusiasts who see the current price as just the beginning. For example, top Bitcoin supporters and investors like Michael J. Saylor, the founder of MicroStrategy, have shared similar views, predicting an explosive rise in Bitcoin’s value to $10 million by 2035.  Likewise, Matt Hougan, Bitwise’s Chief Investment Officer (CIO), has voiced strong confidence in Bitcoin reaching the $1 million mark. He believes this milestone could realistically be achieved within the next five years.  Demand For BTC Surges Among Institutions And The Wealthy With the growing belief that the Bitcoin price will only continue to rise in the long term, social media reports indicate a significant surge in interest and demand among financial institutions and the wealthy. Notably, Saylor, one of the biggest advocates for Bitcoin, has long been accumulating the cryptocurrency in hundreds of thousands. Related Reading: Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going Donald Trump, the United States (US) President, has also been a public supporter of Bitcoin, with reports revealing that he is actively buying the flagship cryptocurrency. Even investing legend and hedge fund manager Hugh Henry disclosed earlier this month that he intends to sell his $35 million house to buy $10 million worth of Bitcoin.   Binance CEO Richard Teng also announced that the wealthy are showing significant interest in the leading cryptocurrency. He revealed that sovereign funds and high-net-worth individuals are now purchasing BTC like never before. This growing accumulation by institutions and the rich signals strong confidence in BTC’s long-term value and sustainability. Featured image from Getty Images, chart from Tradingview.com

At the Bitcoin 2025 Conference, a session titled “Making America the Global Bitcoin Superpower” conveyed a clear message: the United States is committed to embracing Bitcoin (BTC) and leading the global market.  Key speakers Bo Hines, the White House Executive Director for digital assets, and Tyler Williams from the US Treasury Department, alongside moderator Miles Jennings, outlined the government’s aggressive strategy to establish the nation as a leader in the cryptocurrency space. Integration Of Crypto With ‘Legacy Financial Systems’ “We are well on our way to becoming the Bitcoin superpower of the world,” Hines declared, emphasizing that this initiative transcends partisan politics. He described the movement as a “revolution in our financial system” that requires immediate action. Jennings pointed out the critical regulatory measures that are currently being developed. “If the bill becomes law, we will play a significant role in integrating Bitcoin, stablecoins, and other digital assets with the legacy financial system,” he stated. This integration, he noted, would be facilitated by pending stablecoin legislation. Related Reading: Bitcoin Retraces Below $109,000: Analysts Split on Future Outlook Hines highlighted the importance of modernizing payment systems, asserting, “Updating the payment rails is necessary, and we are making significant progress.”  He noted that forthcoming market structure legislation would clarify the regulatory landscape for intermediaries such as exchanges and brokers, determining whether digital assets will be classified as securities or commodities. Encouraging innovation within the crypto sector, Hines remarked, “We want folks to innovate here. We can’t let fear of regulatory repercussions stifle creativity.” He urged innovators who have moved abroad to consider returning, stating, “Our message to those who have gone offshore is: welcome home.” ‘Bitcoin Is The Golden Standard’ Williams reinforced the need for any new regulations to accommodate the unique nature of decentralized finance (DeFi). “Traditional financial markets operate on a principal-agent model, but crypto is shifting us toward a principal-to-principal structure,” he explained.  He noted that regulatory support for the exchange-traded products (ETP) marketplace had led to a surge in institutional Bitcoin adoption, and he believes that similar outcomes could arise from stablecoin and market structure legislation. Related Reading: Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead Hines made a particularly bullish statement, declaring, “Bitcoin is truly the golden standard. This is an asset that we should be harnessing on behalf of the American people. We want as much as we can possibly get.”  Tyler Williams echoed this sentiment, asserting, “We are going big on digital assets.” Hines concluded the session with a strong commitment: “You will certainly see the United States stepping out as the Bitcoin superpower of the world.” As of this writing, the market’s leading cryptocurrency, Bitcoin (BTC), is trading at $108,560, just over 2.8% below its all-time high of $111,800, which was reached last week amid renewed investments in the Bitcoin ETF market. Featured image from DALL-E, chart from TradingView.com 

Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating gains and might aim for a move above $110,750 Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,750 resistance. Bitcoin Price Consolidates Gains Bitcoin price found support near the $107,400 zone and recently started an upside correction. BTC traded above the $108,000 and $108,500 resistance levels. The price even spiked above the $110,000 resistance zone. However, the bears were active near the $110,750 level. There was a downside correction and the price traded below the $110,000 level. The price dipped below the 50% Fib retracement level of the recent move from the $107,600 swing low to the $110,742 high. Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $110,000 level. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $110,750 resistance zone, it could start another correction. Immediate support on is near the $108,500 level. The first major support is near the $108,350 level and the 76.4% Fib level of the recent move from the $107,600 swing low to the $110,742 high. The next support is now near the $107,850 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,500, followed by $107,500. Major Resistance Levels – $110,000 and $110,750.

A new Bitcoin price analysis confirms that the flagship cryptocurrency is still in a bullish trend after its recent bounce off a key re-accumulation zone. With key structural support levels intact and a bullish AB=CD pattern unfolding, analysts are now eyeing a potential surge above $120,000, marking a new all-time high.  Bitcoin Price Targets $122,000 After AB=CD Completion According to a technical analysis report by TradingView crypto analyst Weslad, Bitcoin is accurately following a well-defined bullish trajectory, potentially paving the way for a surge to $122,000. With BTC now priced at $109,747 at the time of writing, reaching this ATH target would represent an 11.17% increase from current levels. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens This optimistic forecast comes on the heels of an accurate AB=CD pattern on the BTC chart—-a harmonic structure that previously hinted at significant upside potential. Notably, the Bitcoin price has since retraced into a key re-accumulation zone between $104,000 and $107,000 — a move the analyst described as a healthy correction rather than a reversal. Weslad has disclosed that the present re-accumulation zone is a price range where buyers are believed to be stepping in again. As long as Bitcoin stays within or above this zone, the analyst asserts that its market will remain bullish.  Currently, Bitcoin is trading well-above the crucial psychological support of $100,000, reinforcing its bullish position. The broader market structure also remains intact within an Ascending Channel, supported by higher timeframe demand zones.  According to Weslad’s analysis, if Bitcoin can firmly hold its price within the $104,000 – $107,000 range, the cryptocurrency could see a significant increase to the 2.618 Fibonacci Extension level near $122,000. Adding to this bullish case, a breakout above the $112,000 resistance is also needed to confirm the next leg of this move, marking a potentially stronger and larger upside momentum. BTC Set For Major Pullback Before Breakout As the Bitcoin price approaches the local resistance around $111,000, Weslad warns that the market may face a temporary hurdle before the continuation of the projected uptrend. The TradingView analyst notes that if price action is rejected at this resistance level, traders should anticipate a potential re-test of the $107,000 – $108,000 region.  Related Reading: Bitcoin Top Indicator Says It’s Not Over Yet As Parabola Signals Fail This area has served as a reliable barrier during the recent consolidation phase and is expected to hold firm in the event of a minor correction. Most recently, Weslad affirmed that this anticipated corrective move has already concluded, signaling that the market is now poised for the “real growth phase.” With the base demand zone around $86,000 – $91,000 and strong support around $96,000 – $99,000, Bitcoin’s overall structure remains bullish unless a decisive breakdown below $100,000 occurs. Until then, all eyes remain on the $112,000 breakout level, which could trigger a potential surge toward the projected $122,000 target. Featured image from Getty Images, chart from Tradingview.com

The market’s leading crypto, Bitcoin (BTC), has experienced a retracement below the $109,000 mark on Monday, following its recent surge to an all-time high (ATH) of $111,800 last week. As the cryptocurrency market reacts to these fluctuations, analysts find themselves divided on BTC’s price future trajectory. Bitcoin Could Hit New ATH Of $113,000 This Week Market expert Doctor Profit took to social media platform X (formerly Twitter) to reaffirm his bullish stance, citing the recent occurrence of a “Golden Cross”—a technical indicator that has historically signaled significant price increases.  Related Reading: Dogecoin Chart Turns Ugly—This Price Could Trigger Panic With an accuracy rate of 87.8% on higher time frames, the Golden Cross has flashed only twice in the past two years and has now reappeared. Doctor Profit emphasized its rarity, stating, “This is a rare and powerful signal that deserves serious attention.”  The expert pointed out during his analysis that the previous instances when the Golden Cross appeared resulted in remarkable price surges: in October 2023, Bitcoin jumped from $27,000 to $73,000, representing a 170% gain, and in October 2024, it rose from $63,000 to $109,000, marking a 73% increase.  The expert now anticipates that the Bitcoin price could reach a new all-time high of  $113,000 this very same week, citing substantial liquidity in that area and robust momentum in the market. Potential Bull Trap In BTC Additionally, Doctor Profit highlighted the significant inflows into Bitcoin exchange-traded funds (ETFs), which are nine times greater than the amount of Bitcoin being mined.  He also pointed to Strategy’s (previously MicroStrategy) ongoing accumulation of Bitcoin with a new purchase made on Monday by the company, suggesting that this trend is constraining supply and creating opportunities for further price appreciation. In contrast, fellow analyst Cameron Fous expressed a more cautious outlook on X, suggesting that the current price may represent the peak of the 2025 bull run.  He referenced historical price patterns from the previous bull market, asserting that Bitcoin’s recent performance could resemble a “bull trap,” where prices see a sharp decline after reaching a peak.  Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Fous indicated that signs of a potential reversal could be forming, especially if Bitcoin breaks below the 50-day moving average (MA). Despite his caution, he acknowledged that Bitcoin could still rally to between $130,000 and $200,000 in the short term.  He emphasized that while the market remains bullish, top signals often precede trend reversals and cautioned that past behavior should inform present decisions, as market dynamics can shift rapidly. When writing, the market’s largest cryptocurrency is trading at approximately $108,739, registering a slight 0.6% retrace in the 24-hour time frame. In total, BTC has retraced little over 3% from its all-time high reached last week.  Featured image from DALL-E, chart from TradingView.com 

Strategy, the Bitcoin (BTC) proxy firm formerly known as MicroStrategy and founded by Bitcoin bull Michael Saylor, has announced a significant new acquisition of the market’s leading cryptocurrency on Monday.  Strategy Capitalizes On Significant New BTC Acquisition In a recent filing with the U.S. Securities and Exchange Commission (SEC), the company revealed it purchased an additional 4,020 BTC for $427.1 million, translating to an average price of $106,237 per token. This acquisition comes on the heels of Bitcoin reaching a new record high close to $112,000 last week, driven by renewed inflows into Bitcoin exchange-traded funds (ETFs) and favorable regulatory developments under President Trump’s administration.  Related Reading: 2,700% XRP Rise? Analyst Predicts Monster Move Based On The Charts Saylor shared the news on social media platform X (formerly Twitter), noting that the latest purchase brings Strategy’s total Bitcoin holdings to approximately 580,250 BTC, acquired for a total investment of $40.6 billion, at an average price of $69,979 per token. As Strategy continues its aggressive Bitcoin accumulation strategy, the company is also planning to raise additional capital to further enhance its holdings.  $7.7 Billion Gain From Bitcoin Investments As reported by NewsBTC last Friday, Strategy announced the launch of a $2.1 billion At-The-Market (ATM) equity program for its preferred stock, Strife (STRF), deemed as a crucial step toward the firm’s long-term goal of establishing a strong Bitcoin-backed financial infrastructure. During an investor update, CEO Phong Lee, alongside Executive Chairman Saylor, highlighted the impressive year-to-date performance of the firm’s Bitcoin-linked securities, Strike (STRK) and Strife, as key factors driving this expansion.  Lee emphasized, “We’re currently at a 16.3% BTC yield for the year, against a 25% target,” indicating the firm’s ambitious goals. So far, Strategy has achieved a dollar gain of $7.7 billion from its Bitcoin investments and aims to reach a target of $15 billion. Related Reading: Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs The company had previously issued $212 million through Strike’s ATM program without encountering adverse pricing pressure. Given the high trading volume and strong investor demand, Lee expressed optimism that the $2.1 billion Strife ATM could be executed with similar success. In contrast to its other offerings, Strike is designed for “Bitcoin-curious” investors, featuring an 8% coupon and potential upside through Bitcoin conversion. Saylor described it as a “Bitcoin fellowship with a stipend,” appealing to a different risk profile. Currently, Strategy operates three ATM programs: $21 billion each for MicroStrategy (MSTR) equity and Strike, and $2.1 billion for Strife. These programs are rebalanced daily, allowing the company to adjust its issuance based on market conditions, volatility, and investor appetite.  At the time of writing, BTC is attempting to consolidate above the key $109,370 mark, which has the potential to become a new support level and allow for new records to be reached in the coming weeks. Year-to-date, the cryptocurrency has gained 56%. Featured image from DALL-E, chart from TradingView.com 

Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating and might start another increase if it clears $110,750 Bitcoin started a fresh upward move above the $107,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $109,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,750 resistance. Bitcoin Price Consolidates Gains Bitcoin price found support near the $106,650 zone and recently started an upside correction. BTC traded above the $107,500 and $108,000 resistance levels. There was a move above the 50% Fib retracement level of the recent decline from the $111,982 swing high to the $106,672 low. The price even spiked above the $110,000 resistance zone. However, the bears were active near the $110,200 level. The price failed to settle above the 61.8% Fib retracement level of the recent decline from the $111,982 swing high to the $106,672 low. Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $109,200 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $110,000 level. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another correction. Immediate support on the downside is near the $109,200 level. The first major support is near the $108,500 level. The next support is now near the $107,500 zone. Any more losses might send the price toward the $106,200 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,500, followed by $107,500. Major Resistance Levels – $110,000 and $110,750.

Bitcoin has seen a sharp pullback in the past few days, dropping below $110,000 after setting a fresh all-time high of $111,900 just four days ago. The correction saw the price fall as low as $107,500 before rebounding slightly, raising doubts among investors about the strength of the recent rally. Despite this retracement, some analysts argue that the bullish structure is still intact for Bitcoin. Particularly, crypto analyst Colin pointed to an interesting macroeconomic indicator called the Global M2 Money Supply as a reason for continued optimism. Global M2 Money Supply Says Bitcoin Rally Still Strong According to an analysis posted by crypto analyst Colin on the social media platform X, Bitcoin continues to track the global M2 money supply with accuracy offset by an 82-day lag. The chart highlights that the global M2 aggregate, which reflects the total liquidity circulating in the world’s largest economies, has recently hit a new all-time high. Historically, Bitcoin has closely mirrored this trend with a slight delay, and Colin believes this pattern suggests there is still considerable room for the Bitcoin price to climb. Related Reading: Bitcoin Vs. Global M2 Money Remains Bullish To Push Price To New ATH Above $100,000 The correlation between the Global M2 money supply and Bitcoin’s price action is statistically significant across various time frames, with the highest correlation of 93% found in the 1½-year window. This strong correlation shows that Bitcoin’s recent rally is on the back of deeper monetary expansion trends.  Keeping this in mind, the interpretation is that Bitcoin is undergoing a healthy retracement within a broader upward trend, especially when viewed in the context of the global money supply. The pullback to $107,500 doesn’t invalidate the bullish setup, and Bitcoin’s ability to hold above the previous consolidation level between $102,000 and $104,000 is also a positive note. Colin: Social Sentiment Still Skeptical, But Data Speaks Loudly Despite the new $111,900 all-time high and Bitcoin bulls successfully holding its breakout level as support, social sentiment is still somewhat uncertain. This was also noted by Colin, who pointed out that many market participants still doubt the sustainability of the breakout, describing this disbelief as ironic given the strength of the underlying data.  Related Reading: Technical Analyst Predicts Bitcoin Price Blow Off Top To $325,000 – The Timeline Will Shock You Colin also referenced the CBBI (Crypto Bull Run Index), which currently reads 79, still comfortably below the overheated threshold. This indicates that, by normal standards, the market is far from its euphoric peak, and there’s still significant upside left in the cycle. The chart provided by Colin highlights a projected upward trajectory that would see Bitcoin breaking above current levels toward $130,000 and beyond if the M2 correlation continues to play out.  Interestingly, Colin’s analysis of the Global M2 supply and its relation to Bitcoin has been spot on in predicting Bitcoin’s rally. In April, when Bitcoin dropped to as low as $74,000, he projected that May would mark the next major breakout period for Bitcoin’s price, and this forecast has materialized exactly as he anticipated. At the time of writing, BTC is trading at $109,670, up by 2% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

Bitcoin price started a fresh increase and traded to a new all-time high above the $111,600 zone. BTC is now consolidating and might start another increase above $111,000 Bitcoin started a fresh upward move from the $106,800 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $107,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,000 resistance. Bitcoin Price Eyes Fresh Increase Bitcoin price traded to a new all-time above $110,000 and recently started a downside correction. BTC tested the $106,700 zone and recently started a fresh increase. There was a move above the $107,000 and $108,000 resistance levels. The bulls pushed the price above the 23.6% Fib retracement level of the recent decline from the $111,983 swing high to the $106,672 low. Besides, there was a break above a key bearish trend line with resistance at $107,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $110,000 level. It is close to the 61.8% Fib retracement level of the recent decline from the $111,983 swing high to the $106,672 low. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $111,000 resistance zone, it could start another correction. Immediate support on the downside is near the $108,000 level. The first major support is near the $107,500 level. The next support is now near the $106,500 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $107,500, followed by $106,500. Major Resistance Levels – $111,000 and $113,000.

Bitcoin is grappling with intensified volatility following a sharp selloff triggered by US President Donald Trump’s abrupt announcement of a sweeping 50% tariff on all EU imports starting June 1. The unexpected macroeconomic move sent shockwaves through assets, and Bitcoin was no exception, dropping aggressively from all-time highs near $111,800 to lows around $107,500 in a matter of hours.  Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Although there was a brief recovery towards $109,000, the ensuing price action now shows an intense battle between the bulls and bears, with technical analysis on the 1-hour candlestick timeframe showing the two ways Bitcoin can play out this week. Bitcoin Compression Structure Between Fair Value Gaps According to crypto analyst TehThomas, Bitcoin’s current price structure is defined by two opposing 1-hour fair value gaps (FVGs). The lower FVG zone identified by the analyst is around $107,500, which showed up during the rally towards $111,814 ATH and is now acting as the first significant reaction point post-rally.  The upper FVG range is between $109,800 and $110,700. This level, previously the base of a breakdown candle, flipped into strong resistance on Friday. Interestingly, a rejection was confirmed inside this upper FVG, which showed there were many sellers present in that zone. Notably, the 1-hour chart shared by the analyst points to a deadlock scenario for the Bitcoin price. A breakout above or below the identified fair value gaps will likely define the directional bias for Bitcoin’s next major leg. Bitcoin’s next impulsive move will likely come with volume confirmation, either with a bullish displacement above resistance or a bearish rejection that pushes the Bitcoin price toward a lower demand target. Chart Image From TradingView Bullish And Bearish Scenarios For Bitcoin Interestingly, since the analysis, the ensuing price action has been marked by Bitcoin’s failure to reclaim the upper FVG and more of a consolidation around the lower FVG at $107,500. This places the most significance around this level, as Bitcoin’s reaction here could either cause a rebound upwards or a significant price retracement. For the bullish scenario, a bounce at the lower FVG will send the Bitcoin price towards the upper FVG. A sustained move above the upper FVG at $110,700 would indicate a bullish reclaim and might bring a new all-time high around $113,000 back into focus.  Related Reading: Think Big? Multiply It By A Billion — XRP Tied To ‘Greatest’ Global Meeting: CEO For the bearish scenario, especially with a clean loss of the $107,500 level, the path opens for a move toward $106,000.  This level is aligned with a liquidity pool left behind from consolidation early last week. If the structure breaks downward below $106,000, sellers may seize control in the short term. At the time of writing, Bitcoin was trading at $107,017. Featured image from Unsplash, chart from TradingView

On May 22, Bitcoin registered a new all-time high at $111,970. Since then, market prices have retraced to around $108,000, largely influenced by macroeconomic pressures. Following this development, prominent crypto analyst Burak Kesmeci backs the premier cryptocurrency to soon return and surpass this current all-time high, based on recent on-chain data. Related Reading: Bitcoin Pulls Back To Daily EMA 8 – Can Bulls Hold Momentum? Bitcoin Advanced NVT Holds Above Key Level: Bullish Continuation Remains In Play The Advanced Network Value to Transactions (NVT) metric is an on-chain valuation model that compares Bitcoin’s market cap to its daily USD transaction volume. It is used to evaluate whether an asset is overvalued or undervalued relative to usage.  Generally, higher Advanced NVT values indicate heightened investor speculation, while sustained levels above key thresholds have often coincided with major bull runs. According to Burak Kesmeci in an X post on May 24, the Bitcoin Advanced NVT signal has recently crossed above the +2 standard deviation (+2xSD), a historically significant boundary that signals a period of bullish market strength and robust investor confidence. As seen in Q4 2023 and Q4 2024, an advanced NVT crossover above the +2xSD highlighted in orange in the image below has previously served as a launchpad for bullish continuations, resulting in extended periods of upward momentum. Although the Advanced NVT signal is presently turned downward, Kesmeci explains that as long as this metric remains above the +2xSD level, Bitcoin is likely to maintain its uptrend, indicating there is strong potential for the cryptocurrency to enter new price territory in the coming weeks.  With Bitcoin surpassing its former all-time high in the past week, the premier cryptocurrency continues to look likely to attain the lofty price targets being set by several market analysts. However, macroeconomic factors, most notably US trade policy, remain a major influence capable of inducing significant setbacks as seen since the start of 2025. Related Reading: Singaporean Crypto Investors Boost XRP Holdings To 17%, Report Finds Bitcoin Market Overview At press time, Bitcoin is trading at $107,835 following price gains of 4.02% and 15.37% in the past seven and thirty days, respectively. Meanwhile, the market’s daily trading volume is down by 31.58% and valued at $45.94 billion. According to data from blockchain analytics firm Sentora, the Bitcoin network experienced a 51.03% increase in network fees, signaling a significant rise in transactions and user activities. Meanwhile, exchange inflows were valued at $184 million, which Sentora has described as “mild” relative to previous weeks. This development indicates that many investors opted against selling their BTC holdings despite a new all-time high, signaling long-term market confidence. With a market cap of $2.13 trillion, Bitcoin continues to rank as the largest cryptocurrency and the fifth-largest asset in the world. Featured image from iStock, chart from Tradingview

Bitcoin could climb higher before June wraps up, if today’s momentum holds. According to Shunyet Jan, Head of Derivatives at Bybit, the world’s second-largest crypto exchange, a move to $125,000 by the end of Q2 is on the table. That’s a jump of about 16% from current levels near $108,000. It’s a bold call, but Jan ties it to clear rules, steady fund flows and a sliding US dollar. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Bitcoin: Bold Price Forecast Jan set the $125,000 target in a market update on Thursday. He argues that if big players keep buying, Bitcoin can make that climb from roughly $108,100 today to $125,000 in five weeks. It’s a tight window. The weeks ahead will matter most as prices test new highs and traders look for clues on follow-through. Bybit’s Head of Derivatives Predicts Bitcoin Could Reach $125K by End of Q2 — WF (@WhaleFUD) May 24, 2025 Three Main Drivers Regulatory clarity tops Jan’s list. Based on reports, the new GENIUS Act gives stablecoins defined rules, which could help banks and funds feel safer about crypto. He also mentions spot Bitcoin ETFs. These funds have pulled in fresh capital, offering a straight path for institutions to own Bitcoin. Finally, Jan points to a weaker US dollar. When the dollar dips, Bitcoin often shines as an alternative store of value, his view goes. Altcoin Outlook Mixed While Bitcoin gets the green light, Jan warns that smaller tokens may struggle. He says high interest rates and global uncertainty might limit gains for Ethereum and other major altcoins. If money slows or risk appetite wanes, altcoins could lag behind Bitcoin’s rally. Traders aiming beyond BTC may need to pick their spots more carefully. Other Expert Predictions Jan’s view isn’t alone. Scott Melker, host of The Wolf of All Streets podcast, thinks Bitcoin could hit $250,000 by December 31, 2025. He notes BTC’s volatility has fallen from about three times that of the S&P to under two times. On another front, Adam Back of Blockstream sees an even steeper climb to between $500,000 and $1 million per coin this cycle. Michael Saylor, CEO of Strategy, adds that recent hiccups below $150,000 are tied to short-term holders exiting. He says longer-term investors are moving in through spot ETFs and corporate buys. Related Reading: Think Big? Multiply It By A Billion — XRP Tied To ‘Greatest’ Global Meeting: CEO What Comes Next Investors will be watching ETF flow reports and any shifts in US rate plans. A surprise hawkish move from the Federal Reserve or a fresh regulatory twist could sway prices just as much as demand. If Bitcoin breaks toward $125,000, it would mark a major milestone. But as always, timing matters nearly as much as price targets. Featured image from Gemini Imagen, chart from TradingView

As the Bitcoin price skyrockets past former all-time highs (ATH), one technical analyst has ignited a wave of excitement across the crypto community with his bold new prediction. According to the forecast, Bitcoin could blow off to an astonishing $325,000 price peak — and the most shocking aspect of this analysis is not just the price target but the accelerated timeline for this meteoric rise.   Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K Bitcoin Price To Peak At $325K? The $325,000 Bitcoin price forecast by Gert van Lagen, a prominent crypto analyst on X (formerly Twitter) is based on a technical analysis chart spanning BTC’s movements from 2009 and 2025. The chart applies Elliott Wave Theory on a High Time Frame (HTF), tracking a massive five-wave impulsive structure, with each wave representing a major bullish cycle driven by halving events.  Lagen disclosed that Bitcoin is currently in Wave 5, the last wave of this mega-cycle, suggesting that the market is on the verge of its final parabolic blow-off. Each of Bitcoin’s past bull markets, according to the analysis, has ended with a near-vertical explosive surge, where price accelerates rapidly before crashing into a corrective phase. This surge has always been defined by a price angle of at least 82 degrees from the bottom.  The crypto analyst has drawn a trendline connecting the peaks of Wave 1 and 2, creating a rising wedge pattern. The lower boundary of this wedge is represented by the 210,000 block SMA, which acts as a long-term support.  Additionally, the upper trendline of this wedge intersects with the forecasted market top of Wave 5, which sits at around $325,000. Notably, this bullish prediction relies heavily on Bitcoin maintaining strong momentum and completing Wave 5 as a single clean impulse move, without any deviation or elongation, just like past cycles.  Lagen’s bold $325,000 price forecast for Bitcoin comes with an exceptionally near-term timeline. The market expert predicts that BTC could reach this ambitious target as soon as July 5, 2025, which is just over a month away.   Interestingly, this timeline is grounded in the movements observed in previous post-halving cycles. The analyst’s projected trajectory of Bitcoin’s surge to a market top also aligns closely with the past patterns that followed each Bitcoin halving cycle.  These halving events have triggered strong bull markets during past cycles. The current rally also follows Bitcoin’s fourth and most recent halving event, which took place on April 20, 2024, reinforcing the repetitive and cyclic nature of Bitcoin’s price movements.  A Historic Correction Could Follow This Price Surge Beyond the dramatic $325,000 Bitcoin price prediction, Lagen’s analysis also carries a foreboding bearish outlook. He cautions that after Bitcoin reaches this projected market top, what comes next may be a high time frame price crash, possibly lasting several years.  Related Reading: Buy XRP Before It Explodes To $1,000, Market Expert Says Once the five-wave structure is completed, Lagen expects Bitcoin to enter its first true Wave 2 correction at the highest degree. Historically, Wave 2 retracements are deep, and given the current backdrop of global tightening and recession risks, the post-peak environment could challenge even the most seasonal holders.  Featured image from Unsplash, chart from TradingView

Bitcoin futures open interest has climbed to fresh record highs this week. Traders have piled into contracts betting on rising prices. Open interest topped $80 billion on May 23, up roughly 30% since the start of the month. That shows more money is riding on Bitcoin’s next moves than ever before. Related Reading: Bitcoin’s $10K Rhythm: Steady Climb Signals Strong Push To $115K Rising Futures Interest According to CoinGlass, more than $80 billion of Bitcoin futures contracts remain open. That’s the largest total on record. Traders have boosted positions by about 30% since May 1. Many are using borrowed funds to bet on higher prices. Big moves in either direction could trigger forced sales if the market flips. ETF Inflows Provide Support Based on reports, spot Bitcoin ETFs have attracted over $2.5 billion in inflows this week. Those are real coins moving into vaults. Institutions aren’t just trading on paper—they’re buying actual Bitcoin. Those flows help steady the market when risky bets start to wobble. They add a layer of demand that didn’t exist in past rallies. Option Bets Cluster At High Strikes Bitcoin options open interest is also at eye-catching levels. On Deribit, traders have piled in more than $1.5 billion of bets at the $110,000 and $120,000 strike prices. There’s over $1 billion at $115,000, $125,000 and $130,000 strikes too. That shows people are thinking the price could keep climbing well above six figures. But it also means there’s a lot of money riding on a narrow band of outcomes. Expiry Risk Looms Over Market Nearly $2.76 billion of Bitcoin contracts are set to expire today, May 23. Based on reports from Deribit, the put/call ratio stands at 1.2, meaning there are slightly more bets on a price drop than on a rise. The so-called max pain level sits near $103,000—the point where the largest number of options will finish worthless. If price drifts toward that level, it could trigger squeezes or sudden moves as traders scramble. Related Reading: Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift Bitcoin Price Nears $112K Bitcoin’s spot price climbed to around $111,150 in late trading, reaching as high as $111,999 earlier in the day. That’s a new high, but it came in a steadier climb than past breakouts. Many point to easing trade tensions between the US and China. Others highlight Moody’s downgrade of US sovereign debt as driving interest in alternative stores of value. That mix of drivers has helped carry prices higher without the typical fireworks. Looking ahead, traders will watch whether ETF demand can keep counterbalancing the risks from crowded futures and options markets. A small pullback could spark a wave of liquidations that sends prices tumbling fast. But continued big inflows into ETFs could give longer legs to this rally. Either way, volatility looks set to stay high in the weeks to come. Featured image from Unsplash, chart from TradingView

Bitcoin price started a fresh increase and traded to a new all-time high above the $111,500 zone. BTC is now consolidating and might aim for an increase toward $113,200 Bitcoin started a fresh upward move from the $108,000 zone. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $110,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $112,000 resistance. Bitcoin Price Sets New ATH Bitcoin price started a fresh increase from the $105,000 support zone. BTC formed a base and was able to clear the $108,000 resistance zone. The bulls pushed the price above $110,000. The bulls even pumped the price above the $111,500 resistance zone. The price traded to a new all-time high near $111,980 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $104,270 swing low to the $111,980 high. Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $110,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $112,000 level. The first key resistance is near the $112,500 level. The next key resistance could be $113,200. A close above the $113,200 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $118,000 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start another correction. Immediate support on the downside is near the $110,000 level and the trend line. The first major support is near the $108,200 level and the 50% Fib retracement level of the upward move from the $104,270 swing low to the $111,980 high. The next support is now near the $107,200 zone. Any more losses might send the price toward the $106,000 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $110,000, followed by $108,200. Major Resistance Levels – $112,000 and $113,200.

Bitcoin’s price action in the past 24 hours has been nothing short of remarkable. After consolidating for several days in a tightening range, the market broke past the $105,503  support-turned-resistance zone earlier in the week and kicked off a steep climb in the past trading day. This has allowed Bitcoin to push into new all-time high levels, and is showing no signs of slowing down. Interestingly, technical analysis shows the rally comes off an approach of a golden cross between the 50 and 200-day moving averages, but  FX_Professor offered a different take on the much-celebrated golden cross. Analyst Disputes Golden Cross Hype As Late Signal In a recent analysis published on TradingView, FX_Professor discussed a different take on Bitcoin’s golden cross. While most market commentators interpret this crossover of the 50-day simple moving average above the 200-day as a strong bullish confirmation, the analyst dismissed it as a delayed indicator. The analyst described it as the afterparty where retail investors arrive late to the scene. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now Instead of waiting for the golden cross to flash green, FX_Professor noted pre-indicator pressure zones as the real signal of value. In the case of Bitcoin’s price action in recent months, the analyst pointed out the $74,394 and $79,000 region as the zone of accumulation and early positioning, well before the golden cross became visible. As such, by the time the cross appeared recently, Bitcoin’s price action had already been up significantly.  The golden cross is often used by traders as a signal to enter a long position, as it suggests that the asset’s price is likely to continue rising. However, this analysis follows a trend among experienced traders who view the golden cross as more of a lagging confirmation than a trigger of a rally. Early Entry Zones And Structure Matter More, Analyst Says According to FX_Professor, indicators such as EMAs or SMAs can be useful but should never come before understanding the price structure, trendlines, and real-time pressure zones. He shared a snapshot of his own Bitcoin price chart that combines custom EMAs with a signature parallelogram method to detect where price tension begins to build. Visible on the chart are entries forming as early as April when Bitcoin bounced off support around $74,000, long before the crossover confirmation. Related Reading: Bitcoin Top Indicator Says It’s Not Over Yet As Parabola Signals Fail Now, with Bitcoin pushing toward the next target zone near $113,000, the analyst’s strategy continues to validate itself in real time. Nonetheless, the confirmation of a golden cross is still bullish for Bitcoin’s price action moving forward, even if the price rally is already halfway to its peak level.  At the time of writing, Bitcoin is trading at $110,734. This marks a slight pullback from the new all-time high of $111,544, which was registered just three hours ago. The Bitcoin price is still up by 3.1% in the past 24 hours, and new all-time highs are possible before the weekly close. Featured image from Getty Images, chart from Tradingview.com

The Bitcoin price is flying high at the moment, having rallied to a new all-time high (ATH) of $111,800 on May 22. Now, crypto analyst Tony Severino has predicted that this rally is likely to sustain, with BTC reaching $120,000 at some point.  Bitcoin Price To Reach $120,000 Following This Range Breakout In an X post, Tony Severino predicted that the Bitcoin price could reach between $116,000 and $120,000 following the breakout from the $106,000 range. This prediction came just before BTC surged past its previous ATH of $109,100 on May 21. The analyst asserted that the flagship crypto could witness a “long, white candlestick” leading to the rally to this range.   Related Reading: Bitcoin At $118,000 Before June? Trader Reveals When As Weekly MACD Turns Bullish He had also warned that failure to break above the $106,000 range could lead to a retracement as lower timeframe momentum begins to wane. In another post, Severino explained why the range breakout was significant, noting that these breakouts in the Bitcoin price tend to offer a sustainable short-term trend to ride higher. He added that a valid range breakout should be supported by the RSI above 70 on the 3-day timeframe.  The Bitcoin price currently boasts an ultra-bullish outlook, having rallied above the $110,000 mark and reached a new ATH of $111,800. Commenting on the surge to a new ATH, Severino admitted he was wrong about the bear thesis, stating that the macro fundamentals led over the technicals on this rally.  The crypto analyst is confident that the Bitcoin price can go way higher. In his latest analysis, he revealed that BTC’s quarterly just triggered a perfected TD9 Sell Setup. He added that the only other time this happened was in Q4 2017, which was the most bullish quarter in crypto history. Bitcoin eventually rose by over 350% above the candlestick open. If history were to repeat itself, Severino predicts that the move will be “fast, violent, and over” sooner than anyone can imagine. He noted that up appears to be the chosen direction, which is a positive for the Bitcoin price.  A Golden Cross Is Incoming For BTC In an X post, crypto analyst Titan of Crypto stated that a golden cross is incoming for the Bitcoin price. He remarked that BTC is repeating the same pattern, with a Death Cross happening before the Golden Cross. The analyst added that the last time this happened, it triggered a major rally.  Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top In another post, Titan of Crypto predicted that the Bitcoin price could rally to as high as $135,000. He affirmed that the target is still play, with BTC likely to reach this price level this year. Meanwhile, veteran analyst Peter Brandt suggested that Bitcoin could rally to between $125,000 and $150,000 by August.  At the time of writing, the Bitcoin price is trading at around $111,300, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Bitcoin price started a fresh increase and traded to a new all-time high above the $109,000 zone. BTC is now consolidating and might aim for an increase toward $112,000 Bitcoin started a fresh upward move from the $106,000 zone. The price is trading above $107,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $107,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,850 resistance. Bitcoin Price Sets New ATH Bitcoin price started a fresh increase from the $104,200 support zone. BTC formed a base and was able to clear the $106,000 resistance zone. The bulls pushed the price above $107,500. The bulls even pumped the price above the $109,000 resistance zone. The price traded to a new all-time high near $110,698 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $104,270 swing low to the $110,698 high. Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $107,800 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $110,850 level. The first key resistance is near the $112,000 level. The next key resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $113,800 resistance level. Any more gains might send the price toward the $115,000 level. Are Dips Limited In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start another correction. Immediate support on the downside is near the $109,000 level. The first major support is near the $107,500 level, the trend line, and the 50% Fib retracement level of the upward move from the $104,270 swing low to the $110,698 high. The next support is now near the $106,500 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $104,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $109,000, followed by $107,500. Major Resistance Levels – $110,850 and $112,000.

Despite price pullbacks and recent market volatility, a crypto analyst has predicted that Bitcoin (BTC) may still have room for another parabolic rally. The analyst cited historically reliable top indicators that suggest that the market has not reached its top yet, even as parabolic signals fail to trigger a surge.  No Sign Of A Bitcoin Cycle Top — Yet In a recent post on X (formerly Twitter), market expert Crypto Con shared a comprehensive technical analysis rooted in the well-regarded top Bitcoin cycle indicators developed by DA_Prof. The accompanying chart revealed that Bitcoin’s current market trajectory has yet to reach the “cycle top” zone — a region that has consistently coincided with major market peaks in the past.  Related Reading: Road To $320,000: Bitcoin Enters Trend Continuation, But $109,400 Must Hold Da Prof’s technical indicator model synthesizes insights from thirteen time-tested on-chain and market metrics. This multifactor approach has successfully predicted past cycle tops in 2013, 2017, and 2021, making it a valuable tool in potentially identifying long-term market turning points.  According to Crypto Con, Bitcoin’s current price action and technical readings suggest that the flagship cryptocurrency may still be preparing for a final ATH rally. The analyst asserts that any potential cycle peak in 2025 will likely emerge only when Bitcoin enters a critical zone identified through the convergence of these thirteen advanced indicators.  The metrics utilized in Da Prof’s indicator model include: Coin Value Days Destroyed (CVDD) Extension Net Unrealized Profit-Loss (NUPL) Market Value-Realized Value Z-score (MVRVZ) Calendar Seasonality (CSI: top near November 21) Puell Multiple (PUELL) Halving Seasonality (HSI: top near 538 days after halving event) Logue PolyLog Regression (PLR) Realized Price (RP) Extension Plus Directional Movement (PDM) Logarithmic MACD (LMACD) Pi Cycle Top (PCT) Transaction Fee Spike (TFS) Risk Crypto Con noted that historically, when these indicators converged in the red-hot region, represented by the cluster of indicators in the lower heatmap section of the chart, the Bitcoin price experienced a dramatic peak followed by a significant crash.  However, in the current cycle, none of Da Prof’s metrics have entered the zone. Instead, the readings across the lower bands of the model remain comparatively muted, suggesting that market euphoria has not yet reached past-cycle extremes.  Parabola Signals Flash Early, But No Peak In Sight While Da Prof’s top Bitcoin indicators remain elusive, Parabola signals, another key feature of Crypto Con’s analysis, have flashed not once but three times in this cycle. These signals are historically linked with the early stages of Bitcoin’s explosive price rallies experienced during the previous bull markets.  Related Reading: Is Bitcoin Price Turning Bullish Or Bearish? Crypto Analyst Reveals Critical Levels To Watch Yet despite these alerts, Bitcoin has failed to enter a true parabolic breakout phase so far in 2025. Crypto Con has indicated that the May 2025 parabola signal is especially notable, as it coincides with Bitcoin crossing the indicator’s Parabolic Boundary.  This breach, paired with the absence of Da Prof’s indicator stack, creates an unusual setup. Emphasizing this anomaly, Crypto Con posed a rhetorical question: “No cycle top + parabola signal = ?” —- hinting that Bitcoin’s true bullish climax may still be ahead. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin price started a fresh increase and cleared the $106,500 zone. BTC is now consolidating and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $105,000 zone. The price is trading above $106,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $106,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $107,200 resistance. Bitcoin Price Moves Higher Toward New ATH Bitcoin price started a fresh increase from the $103,200 support zone. BTC formed a base and was able to clear the $105,000 resistance zone. The bulls pushed the price above $105,500. There was a break above a connecting bearish trend line with resistance at $106,400 on the hourly chart of the BTC/USD pair. The bulls even pumped the price above the $107,000 resistance zone. However, the price failed to extend gains. A high was formed at $107,262 and the price is now consolidating gains near the same trend line. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $104,269 swing low to the $107,262 high. Bitcoin is now trading above $106,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $107,000 level. The first key resistance is near the $107,200 level. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level and a new all-time high. Another Decline In BTC? If Bitcoin fails to rise above the $107,000 resistance zone, it could start another correction. Immediate support on the downside is near the $106,250 level. The first major support is near the $105,400 level and the 61.8% Fib retracement level of the upward move from the $104,269 swing low to the $107,262 high. The next support is now near the $104,250 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $105,400, followed by $104,250. Major Resistance Levels – $107,200 and $107,500.