$BTC
Current Price: Approximately $97,000 (May 2025).
General Trend: Upward on daily and weekly timeframes.
Near Support: $92,000 – Breaking this level could lead to a drop towards $88,000 and then $85,000.
Near Resistance: $100,000 – A stable breakout above this level could open the way towards $105,000 and then $110,000.
Technical Indicators:
EMA 50 and EMA 200: Price is above them, supporting the upward trend.
RSI: Close to 70, indicates strong momentum but a correction is possible.
MACD: In a positive crossover, enhancing the chances of continuing upward.
Overall Reading: As long as the price is above 92K, Bitcoin is in a strong technical position. However, near the $100K levels, strong resistance and short corrections may be observed.
