Bitcoin Crosses $100K: Technical Analysis Boom
Bitcoin (BTC) has surged past the $100,000 mark in May 2025, triggering a high spike alert as bullish momentum intensifies. Technical analysis reveals a robust uptrend, with BTC breaking key resistance levels and signaling potential for further gains. The daily chart shows a decisive breakout above the $95,000–$97,500 resistance zone, forming a higher high sequence after a textbook ascending triangle pattern. This bullish structure, coupled with a strong close above the 200-day EMA ($85,300), confirms sustained buying pressure.
The Relative Strength Index (RSI) on the 14-day timeframe hovers near 70, indicating strong momentum but nearing overbought territory, suggesting caution for short-term traders. The MACD exhibits a bullish crossover, with expanding histogram bars reinforcing the uptrend. On-chain data supports this rally, with whale accumulation (wallets holding >10,000 BTC) spiking, per Glassnode, and exchange outflows rising, signaling reduced selling pressure.
Volume analysis shows a surge in trading activity, with 24-hour volumes exceeding $47 billion, reflecting heightened market participation. The weekly chart displays three consecutive bullish candles, a rare trend reversal signal, targeting $110,000 by month-end if momentum holds. However, the psychological $100,000 level may act as a temporary resistance, potentially causing consolidation between $98,000–$102,000 before the next leg up.
Support rests at $87,500, aligning with the 50-day EMA, providing a cushion for any pullbacks. A failure to hold this could see a retest of $76,000, though current indicators favor bulls. With institutional adoption via ETFs and positive market sentiment, BTC’s breakout suggests a parabolic phase, but traders should monitor RSI .
